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

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 market value signal is centered on the median sold price of 134,000, which functions as the most reliable indicator of recent transaction activity and suggests a lower realized market level than current asking levels; representative recent sale framing appears appropriate given this disparity.
2. There is a wide gap between the median listing price of 392,000 and the median sold price of 134,000, which may indicate pricing friction and softening seller expectations as asking prices sit well above recent transaction prices.
3. Market velocity shows moderate liquidity with a median days on market of 31, which suggests listings are turning at a reasonable clip but not rapidly — combined with a neutral market temperature, this points to a generally balanced market where pricing and patience matter; neutral.
4. Macro pressures are relevant: interest rate pressure is reported as elevated and rent year-over-year trend is down, which may constrain buyer purchasing power and investor appetite in the near term; elevated interest rate pressure emphasizes financing headwinds.

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.