Pittsburgh, PA Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Are house prices dropping in Pittsburgh? ›

Median Sold Price

Homes in Pittsburgh have sold for 5.1% more than they did a year ago. Summary: The median home sold price in Pittsburgh was $242,386 in June 2024, up 5.1% from last year, and the median price per square foot was $168.

The average Pittsburgh, PA home value is $240,443, up 6.6% over the past year and goes to pending in around 7 days.

In terms of listing sources, Zillow offers a broader variety of FSBO options, while Realtor.com ensures data accuracy with its focus on licensed agents, impacting potential buyer reach for each platform.

The months from March to June are the best time to buy a house in Pennsylvania. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Because there are more houses for sale than interested buyers, sellers cannot price their properties higher unless they want to risk getting stuck on the market. As a result, more sellers end up dropping their asking price, and the median sale price stays below the national average.

Zillow: Redfin is more accurate when valuing homes. Both Zillow and Redfin give homes an approximate value, but the Zestimate provided by Zillow has proven slightly less accurate than Redfin's estimate. Final numbers depend significantly on the local market and demand for a property in your particular location.

Zestimate provides a general idea of a home's value based on the information that the Zestimate model has to calculate it. Typically, appraisers will have more accurate data to work with than Zestimate has at any point in time.

Where is the cheapest place to live in Pittsburgh? ›

The city last saw an increase in population from 2020 to 2021, followed by a year of decline before last year's increase. Overall, Pittsburgh's population has decreased by 2,010 people since 2010.

Homelessness in the city reached a 12-year high in 2022, and Pittsburgh City Council repeatedly considered a variety of tangible, affordable housing solutions, many of which focused on increasing transitional housing.

Pittsburgh is an attractive place for real estate investors because of the low prices. However, those low prices don't always translate to high profits. Pittsburgh can be a great market for real estate investors to get into.