Pittsburgh, PA 15206 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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 median sold price is $374,950, which should be treated as the primary indicator of recent market value and completed transactions; this level sits virtually level with the median listing price of $375,000, suggesting limited realized premium between asking and sale prices. up
2. Despite stable pricing, transaction velocity appears slow given a median days on market of 340, which suggests extended marketing timelines and pricing friction that may require more aggressive listing strategies or targeted buyer incentives to accelerate sales. neutral
3. Inventory context in the analyzed sample indicates relatively constrained active supply, which, combined with a neutral market temperature and a price year-over-year trend of up, suggests pricing should remain supported but not rapidly accelerating absent a change in demand or financing conditions. moderate
4. Interest rate pressure is elevated (local 30-year fixed rates near 6.5%, about 0.3% above a recent 6.2% average), and rents are trending up with a median market rent of $1,470; this mix indicates buyers face higher financing costs while landlords may see improving rent receipts, so prioritize deals where cash-flow and financing flexibility are clear. elevated

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.