Pittsburgh

PAPittsburgh Metropolitan Area

Real Estate Market Analysis

Q3 2025 Report
$254,724 (June 2025)
Median Home Price
~300,000 (city), ~2.3 million (metro area)
Population
~$56,000 (metro, recent estimates)
Median Income
Pittsburgh Public Schools: mixed (average to above average); suburban districts often highly rated
School District Rating

Market Overview

Property Values

$254,724 (June 2025)
Median Home Price
$178 (June 2025)
Price per Sq Ft
5% increase year-over-year (June 2024–June 2025)
YoY Change

Market Performance

Days on Market47 days (April 2025); median 8 days to pending (June 2025)
Market TypeStable, slightly favoring sellers but with increasing inventory
Months of SupplyData not explicitly provided; inventory up 5.7% MoM in June 2025

Sales Activity

Sales Volume3,089 homes for sale (June 2025), up 5.7% MoM
Metro AreaPittsburgh Metropolitan Area
Population~300,000 (city), ~2.3 million (metro area)

Economic Indicators

Employment & Growth

Unemployment RateData not provided for 2025; historically below national average
Job Growth RateData not provided for 2025; stable, with key sectors in healthcare, education, and tech
Median Household Income~$56,000 (metro, recent estimates)

Major Employers

  • UPMC (healthcare)
  • PNC Financial Services
  • University of Pittsburgh
  • Carnegie Mellon University
  • Highmark Health

Demographics

~300,000 (city), ~2.3 million (metro area)
Population
32.9 (city); 41.2 (metro)
Median Age
Stable to slightly declining in city; stable in metro area
Population Growth
High; 34%+ with bachelor’s degree or higher
Education Level

Family Composition

Mix of singles, young professionals, families, and retirees

Key Industries

HealthcareEducationTechnologyFinanceManufacturing

Education

School District

Pittsburgh Public Schools: mixed (average to above average); suburban districts often highly rated
District Rating

Top Schools

  • Pittsburgh Science and Technology Academy
  • Taylor Allderdice High School
  • Mt. Lebanon High School (suburb)

Higher Education

  • University of Pittsburgh
  • Carnegie Mellon University
  • Duquesne University

Infrastructure & Development

Major Projects

  • Lower Hill Redevelopment
  • Hazelwood Green Innovation District
  • Uptown EcoInnovation District

Transportation

  • Bus Rapid Transit (BRT) expansion
  • Airport modernization project

Planned Developments

  • Mixed-use developments in Strip District and Lawrenceville

Lifestyle & Amenities

Recreation

  • Three Rivers parks and trails
  • Point State Park
  • Phipps Conservatory

Dining & Entertainment

  • Strip District food scene
  • Downtown Cultural District
  • Lawrenceville nightlife

Cultural Attractions

  • Carnegie Museums
  • Andy Warhol Museum
  • Heinz History Center

Investment Analysis

Investment Opportunities

  • Affordable entry prices compared to national average
  • Strong rental demand from students and medical professionals
  • Stable appreciation rates (4–5% historically)

Growth Outlook

Moderate, stable appreciation expected; not a boom/bust market

Market Risks

  • Slower population growth
  • Potential for overbuilding in some neighborhoods
  • Aging housing stock requiring renovation

Rental Market

Average rent $1,578 (June 2025), up 4.5% YoY; strong demand in university and hospital-adjacent areas

Marketing Intelligence

Target Demographics

  • Young professionals
  • Medical and university staff
  • First-time buyers
  • Investors seeking rental income

Marketing Channels

  • Zillow, Realtor.com, Redfin
  • Social media (Facebook, Instagram)
  • Local real estate websites

Pricing Strategies

List at or slightly below recent comps to drive competition; avoid overpricing as market stabilizes

Common Objections & Response Strategies

Objection: Homes are too old or need repairs

Response Strategy:

Provide inspection reports, highlight recent updates, offer repair credits

Objection: School district quality concerns

Response Strategy:

Share objective school ratings, highlight nearby charter/private options

Objection: Market may be peaking or plateauing

Response Strategy:

Emphasize long-term stability, affordability compared to national average

Professional Recommendations

1

Educate buyers on long-term value and stability

2

Advise sellers to price competitively and invest in minor updates

3

Highlight Pittsburgh’s affordability and strong rental market to investors

4

Use data-driven marketing and professional staging to maximize exposure

Competitive Analysis

Comparable Markets

  • Cleveland, OH
  • Buffalo, NY
  • Columbus, OH

Market Positioning

Affordable, stable, and attractive for both owner-occupants and investors

Competitive Advantages

  • Lower median home price than national average
  • Stable appreciation, less volatility
  • Strong healthcare and education sectors

Price Comparison

Median home price ~$254,724 vs. national median ~$350,000

Investment Metrics

5–7% (typical for Pittsburgh multifamily)
Cap Rates
5–6% gross yields common
Rental Yields
~13–15 (favorable for investors)
Price-to-Rent
Positive cash flow possible with 20% down in many neighborhoods
Cash Flow
4–5% annual appreciation expected
Appreciation

Buyer Journey Insights

First-Time Buyers

Benefit from affordability and down payment assistance; competition moderate, especially for updated homes

Move-Up Buyers

Can leverage equity; more options as inventory rises

Downsizers

Attractive condo/townhome options in walkable areas; stable prices

Investors

Strong rental demand, especially near universities/hospitals; solid cap rates

Relocators

Appealing cost of living, strong job market in healthcare/tech

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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