Pittsburgh, PA 15212 Real Estate Market Report

ZIP Code: 15212
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 15212 area are averaging 6.36%, reflecting a stable market environment for property owners compared to recent 2026 fluctuations.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price: $199,000 — this is the primary indicator of market value and recent transactions; with the price year-over-year trend reported as up, recent sales suggest moderate appreciation and support a seller-leaning market stance (high/medium confidence).

2. median listing price: $244,000 — the gap between asking and realized values points to pricing friction and elevated seller expectations; combined with a median days on market: 284, this appears to reflect slower sales velocity rather than immediate market clearance, and sellers should expect extended marketing timeframes (slow).

3. Inventory context: elevated supply relative to sales activity — sample data indicates elevated inventory relative to recent sales, which may indicate excess supply pressure on certain segments; given the reported market temperature as neutral, this balance suggests selective buyer interest and no widespread bidding pressure.

4. Current 30-year fixed mortgage rates: 6.36% and interest rate pressure: moderate — financing costs remain a meaningful constraint on buyer purchasing power; with median market rent: $1,400 and rent year-over-year trend reported as flat, landlords and investors should weigh financing affordability against stable rent fundamentals before transacting.

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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.