Market Intelligence Report — PA-300

Pittsburgh, PA

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

Ref. No: 2026-PA-08
As of the latest 2026 data
Stabilizing

Median Listing

$250K
-1.6% YoY

Pending Ratio

0.59
-5.1% YoY

Active Inventory

6,168
+15.0% YoY

Median DOM

53 Days
+6.0% YoY

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The Pittsburgh housing market is currently exhibiting stabilizing conditions, characterized by a pending ratio of 0.59. While active listings have increased by 15.0% year-over-year, median listing prices have shown a modest decline of 1.6% over the past year.

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

3.7%-0.9 pp YoY

Unemployment rate · Jul 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

536+37.2% YoY

Building permits (private housing units) · Jul 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.

Inventory levels have expanded significantly, with active listings up 15.0% year-over-year, indicating a growing supply of available properties. New listings, however, have remained relatively flat, showing a marginal increase of 0.8% year-over-year. Demand metrics reflect this rebalancing, with the pending ratio registering 0.59, a 5.1% decline compared to the previous year. Concurrently, the median days on market have extended by 6.0% year-over-year, now reaching 53 days.

Historical Analysis

Market Trends

Median Price

$250K-3.1% MoM

Active Inventory

6,168+15.0% YoY

Days on Market

53+6.0% YoY

Sold Score™

63-5.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

63
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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 a pending ratio of 0.59 and a substantial year-over-year increase in active listings, the market suggests a more balanced environment for transaction negotiations. Buyers may find greater flexibility due to increased inventory and a slower pace of absorption. Price discipline may be observed as inventory pressures reduce the urgency of securing properties.

Luxury Segment

The luxury segment in Pittsburgh does not exhibit distinct signals of softness in the current dataset, with the average listing price declining 4.0% year-over-year compared to a 1.6% decline in the median, while the median price per square foot remains relatively stable.

Supply Dynamics

6,168 active listings represent the current floor, with new supply arriving at roughly 2,652 per month.

Pricing Pressure
20.8%

of active listings carry a price reduction, +0.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.1% year-over-year.

Absorption
0.59

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Pittsburgh, PA? Homes here are taking 3 days longer to sell than last year.

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

Buyer Demand Index
59%
Median Days on Market
53 days
Inventory YoY
+15%

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