Market Intelligence Report — PA-300

Pittsburgh, PA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-PA-09
As of the latest 2026 data
Stabilizing

Median Listing

$245K
-3.9% YoY

Pending Ratio

0.51
-8.3% YoY

Active Inventory

6,539
+15.6% YoY

Median DOM

54 Days
+3.9% YoY

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The Pittsburgh metropolitan housing market is exhibiting stabilizing dynamics, characterized by a pending ratio of 0.51 and a year-over-year active listings increase of 15.6%. This indicates a market finding a more balanced equilibrium between demand and available inventory after a period of adjustment.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.0%-1.1 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

2.42M-0.1% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

527+31.2% YoY

Building permits (private housing units) · Sep 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Pittsburgh market right now.

Active listings have expanded by 15.6% over the past year to 6,539 units, while new listings saw a marginal year-over-year increase of 0.4%. The median listing price has experienced a year-over-year decline of 3.9% to $245,000, and the median price per square foot has slightly decreased by 0.9% over the same period. The pending ratio currently stands at 0.51, representing an 8.3% decline from the prior year.

Historical Analysis

Market Trends

Median Price

$245K-2.0% MoM

Active Inventory

6,539+15.6% YoY

Days on Market

54+3.9% YoY

Sold Score™

64-8.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

64
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With the pending ratio at 0.51 and active listings showing robust year-over-year growth, negotiating leverage is becoming more distributed. The observed increase in median days on market to 54, alongside a rising price-reduced share at 22.2%, suggests that price discipline from sellers is gaining importance to facilitate transaction pace.

Luxury Segment

The average listing price in the market has declined by 4.8% year-over-year to $345,948, outpacing the 3.9% year-over-year decline in the median listing price. This divergence, coupled with a slight softening in median price per square foot, indicates some softening at higher price points within the market.

Supply Dynamics

6,539 active listings represent the current floor, with new supply arriving at roughly 2,660 per month.

Pricing Pressure
22.2%

of active listings carry a price reduction, +0.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.9% year-over-year.

Absorption
0.51

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Pittsburgh, PA? Inventory is up 16% from last year.

Pittsburgh, PA is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
51%
Median Days on Market
54 days
Inventory YoY
+16%

Pittsburgh, PA is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Pittsburgh, PA
CBSA Code
38300
State
PA

ZIPs in Pittsburgh, PA

Sorted by active inventory · click a ZIP for its full report