Pittsburgh, PA 15201 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market-value indicator is the median sold price 335,000, and when paired with a prolonged median days on market of 349 it points to slower sales velocity in the area; this pattern aligns with a cold market and a down price year-over-year trend.
2. There is a pronounced gap between the median listing price 435,000 and the median sold price 335,000, which suggests pricing friction and that seller expectations may be above recent transaction levels; sellers should consider aligning offers to achieved sale prices to improve closings. pricing friction
3. Valuation on a unit basis remains anchored by a median price per square foot of 251, which provides a consistent comparative metric for appraisals and investor screening while transaction volume appears muted—this may indicate moderate transaction volume and longer negotiation cycles.
4. Rental fundamentals show a median market rent of 2,000 with rent year-over-year trend reported as up, indicating stable to strengthening rental demand; however, elevated interest rate pressure and average local mortgage rates near 6.36% may constrain buyer purchasing power and support continued renter demand. up

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.