Pittsburgh, PA 15211 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 market value indicator, the median sold price is $139,000, which represents the most reliable signal of recent transaction activity in this ZIP code and should be the focal point for valuation and offer strategies.
2. There is a pronounced pricing gap between seller expectations and recent transactions: the median listing price is $284,900 versus the median sold price of $139,000, which may indicate pricing friction and suggests listing strategies should be calibrated to the realized sale level rather than the asking level.
3. Market velocity shows slower movement: the median days on market is 61, which points to slower sales velocity and increased time needed to convert listings to closed transactions—agents and sellers should plan for extended marketing windows.
4. Broader market context is neutral: the market temperature is neutral and the price year-over-year trend is flat, while interest rate pressure is elevated (current 30‑year fixed ~ 7.12% vs market low 6.01%), which together imply a balanced market that is sensitive to financing costs—buyers with rate flexibility or cash advantages will have more optionality.

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.