$1,366 Closing Credit*
$115,000
728 SqFt
1 Bed
•1 Full Bath
JANE HERRMANN, Listing Office: Berkshire Hathaway Homeservices The Preferred Real
Is Pittsburgh, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$247,446
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,490(+5.3%)
Key Takeaway
Homes in Pittsburgh have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Pittsburgh was $247,446 in October 2024, up 5.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $162.2K | +2.0% |
| 2 Bedrooms | $169.9K | $175K | +3.0% |
| 3 Bedrooms | $225.6K | $236.5K | +4.8% |
| 4 Bedrooms | $337.8K | $353.1K | +4.5% |
| 5+ Bedrooms | $437.6K | $475K | +8.5% |
Summary: Pittsburgh housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in Pittsburgh, PA
How many homes are available in Pittsburgh, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,695 | 2,978 | +10.5% |
Summary: The Pittsburgh real estate market had 2,978 homes for sale in October 2024, a 10.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 97 | 107 | +10.3% |
| 2 Bedrooms | 539 | 616 | +14.3% |
| 3 Bedrooms | 1,278 | 1,406 | +10.0% |
| 4 Bedrooms | 584 | 629 | +7.7% |
| 5+ Bedrooms | 197 | 220 | +11.7% |
Summary: The Pittsburgh housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 11.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 496 | 491 | -1.0% |
Asking Price vs. Sold Price
285 Homes Were Sold
Under Asking
78 Homes Were Sold
At Asking
128 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pittsburgh, you may be able to get a good deal. 58% of homes here sold below asking price last month.
Summary: A total of 491 homes were sold or pending in Pittsburgh in October 2024, down by 1.0% month-over-month. Of the 491 sold homes, 58% were sold under asking, 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 39 Days | 0.2% |
Summary: Homes in Pittsburgh had an average of 39 days on market in Oct 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
264 Homes Were Sold
Under 30 Days
170 Homes Were Sold
In 30 - 90 Days
57 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 October 2024, 491 homes were sold in Pittsburgh; 54% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% 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.