Pittsburgh, PA 15217 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 primary market indicator, the median sold price of 390,000, signals current transaction-level value and should be treated as the representative recent sale benchmark for pricing decisions.
2. Despite a median listing price of 381,950, the higher median sold price (390,000) suggests pricing friction where final sale outcomes are modestly above asking; sellers should expect negotiation but may still achieve sale prices near recent transactions, and buyers should underwrite to the confirmed sale level. flat price trend and a median days on market of 99 indicate slower sales velocity and a transition toward a more balanced market rather than rapid turnover.
3. Liquidity appears relatively constrained in the analyzed sample, which may support price stability around the median sold price of 390,000; this constrained active supply appears to be contributing to balanced bargaining power rather than sharp price acceleration or collapse. neutral market temperature
4. Rising rental demand (the median market rent is 1,495 and rent year-over-year trend is up) combined with median price per square foot of 236 supports continued investor and renter interest, but elevated interest rate pressure and current mortgage costs (30-year fixed ~6.66%, which is 0.68% higher than the 5.98% market low observed in February 2026) may compress buying power and slow transaction volume in the near term.

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.