Pittsburgh, PA 15210 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 neighborhood's primary indicator of market value and recent transaction activity is the median sold price, 58,500, which represents the most reliable evidence of what buyers are paying in the current environment and should be prioritized over asking prices (representative recent sale).
2. There is a notable disconnect between the median listing price, 147,750, and the median sold price, 58,500, which suggests seller expectations exceed cleared transaction levels and may be introducing pricing friction that could require sellers to adjust to close deals.
3. Liquidity appears muted: the median days on market is 43, indicating slower sales velocity and only moderate transaction velocity, while the market temperature is reported as neutral, which together suggest a balanced but cooling market where deals may take longer to negotiate (neutral market balance).
4. Financing and macro pressure are headwinds: interest rate pressure is elevated with Current 30-year fixed mortgage rates in the 15210 area approximately 7.1% to 7.2%, while price year-over-year trend is flat and rent year-over-year trend is flat, implying constrained pricing power for sellers and limited upward rent-driven support (elevated interest rate pressure).

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.