Pittsburgh, PA 15221 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 primary market indicator is the $179,900 median sold price, which points to recent transaction values that are below asking expectations given the $139,500 median listing price gap and suggests pricing friction between sellers and buyers may be present.
2. The market shows slower liquidity with a median days on market of 307, which appears to indicate reduced sales velocity and longer listing periods for representative recent sales.
3. Broader trend signals are negative: price year-over-year trend is down and market temperature is cold, which together suggest sellers may need to adjust pricing or terms to align with transaction realities.
4. Interest rate pressure is elevated (current 30-year fixed mortgage rates averaging 6.36%, and noted as 0.5% higher than a recent 5.86% baseline), while rent year-over-year trend is up and median market rent is $1,200, indicating potential appeal for buy-to-rent positioning but also higher financing costs that may suppress owner-occupier demand.

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.