Pittsburgh, PA 15203 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

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 neighborhood's $245,000 median sold price is the primary indicator of current market value and recent transaction activity, suggesting that recent closings are centered around this level rather than asking prices; with a $239,500 median listing price present, this discrepancy may indicate pricing friction between seller expectations and executed transactions.
2. Liquidity appears subdued: the median days on market 351 points to slower sales velocity and extended listing lifecycles, which may indicate cautious buyer behavior and longer negotiation windows rather than rapid turnover.
3. Market direction and financing pressure are consistent risks: year-over-year price momentum is down and the market temperature is described as cold, while interest rate pressure is reported as elevated, all of which together suggest continued downward pricing pressure or constrained buyer activity near current rate levels.
4. Rent-side and valuation context: the median market rent $1,640 is trending up, which could support buy-and-hold strategies where financing costs can be managed, but given the cold market temperature and extended days on market, investors should expect slower transaction cadence and perform tighter cash-flow stress testing before acquisition.

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.