$1,188 Closing Credit*
$100,000
Stefania James, Listing Office: Coldwell Banker Realty
Is Pittsburgh, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pittsburgh was a Seller's Market.
Key Takeaway
Pittsburgh is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pittsburgh, PA
How much do homes in Pittsburgh, PA cost?
Median Sold Price
$249,647
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,357(+6.1%)
Key Takeaway
Homes in Pittsburgh have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Pittsburgh was $249,647 in November 2024, up 6.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $166K | +5.1% |
| 2 Bedrooms | $170K | $176.1K | +3.6% |
| 3 Bedrooms | $228.7K | $237.9K | +4.0% |
| 4 Bedrooms | $340.3K | $351.2K | +3.2% |
| 5+ Bedrooms | $438.2K | $477.5K | +9.0% |
Summary: Pittsburgh housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Mount Oliver | $67.2K | $102K | +51.8% |
| Dormont | $247K | $293.7K | +18.9% |
| Brentwood | $175K | $188.4K | +7.7% |
| Pittsburgh | $235.2K | $249.6K | +6.1% |
Housing Supply in Pittsburgh, PA
How many homes are available in Pittsburgh, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,851 | 2,804 | -1.6% |
Summary: The Pittsburgh real estate market had 2,804 homes for sale in November 2024, a 1.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 105 | 102 | -2.9% |
| 2 Bedrooms | 593 | 571 | -3.7% |
| 3 Bedrooms | 1,343 | 1,335 | -0.6% |
| 4 Bedrooms | 604 | 585 | -3.1% |
| 5+ Bedrooms | 206 | 211 | +2.4% |
Summary: The Pittsburgh housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 522 | 453 | -13.2% |
Asking Price vs. Sold Price
253 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
119 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pittsburgh, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.
Summary: A total of 453 homes were sold or pending in Pittsburgh in November 2024, down by 13.2% month-over-month. Of the 453 sold homes, 56% were sold under asking, 18% were sold at asking, and 26% were sold over asking.
Days on Market for Pittsburgh, PA
How long does it take to sell a home in Pittsburgh, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 41 Days | -6.0% |
Summary: Homes in Pittsburgh had an average of 41 days on market in Nov 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
253 Homes Were Sold
Under 30 Days
135 Homes Were Sold
In 30 - 90 Days
65 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pittsburgh are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 453 homes were sold in Pittsburgh; 56% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.