Pittsburgh, PA 15235 Real Estate Market Report

ZIP Code: 15235
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

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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 15235 area are averaging 6.36%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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: 179,900 — This figure represents the most reliable indicator of recent transactional value in 15235; given the market temperature is neutral, the median sold price suggests a broadly balanced pricing environment rather than a rapidly appreciating or collapsing market.

2. median days on market: 250 — The extended median days on market points to slower sales velocity and notable pricing friction; this slower turnover may indicate that buyers are selective and that sellers should expect longer marketing periods before achieving a representative recent sale.

3. median listing price: 181,200 — The proximity of the median listing price to the median sold price implies limited gap between seller expectations and achieved prices, which may mean modest negotiation windows for sellers and steady price achievement in completed transactions.

4. median market rent: 1,395 and interest-rate context (current 30-year averages ~6.36% with elevated interest rate pressure) — Rental demand appears supportive (rent year-over-year trend: up), making buy-to-rent scenarios viable for investors who can withstand elevated financing costs; overall price year-over-year trend is up, reinforcing modest appreciation despite financing headwinds.

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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.

Pittsburgh, PA 15235 Real Estate Market Report

ZIP Code: 15235
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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

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.

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Property Taxes

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Liquidity & Velocity

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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 15235 area are averaging 6.36%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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. The market value signal is the median sold price $225,000, which serves as the primary indicator of recent transaction activity and, together with a up price trend, points to modest appreciation in this ZIP code.

2. Market velocity appears balanced: the market temperature is neutral, suggesting stable buyer/seller dynamics with moderate transaction volume and pricing friction rather than rapid acceleration or steep declines.

3. Interest-rate conditions are a headwind for some buyers—interest rate pressure is elevated and current mortgage pricing is averaging 6.36%, which may constrain purchasing power and suggest caution on leverage-driven bids; this elevated pressure could slow time-to-contract even as the market remains neutral.

4. Rental fundamentals remain supportive: the median market rent $1,000 combined with a up rent year-over-year trend indicates steady rental demand, and the analysis is informed by a sample of 29 sold transactions analyzed to establish recent pricing behavior.

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Notable Properties

The following 5 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.