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Pittsburgh Housing Market Guide: Real Estate Trends in 2025

With the U.S. real estate market experiencing unpredictable shifts in the past few years, homeowners have become wary and are increasingly looking to get a clearer picture of the market before making any moves. 

If you are looking to buy or sell a property in Pittsburgh in 2025 – or not-too-distant future – chances are that you’re also keen on finding out more about the housing market in Pittsburgh and Western Pennsylvania. In this Pittsburgh housing market guide, we’ll take a closer look at some key trends that have shaped home prices, market supply and closing times over the past few years. 

We also look at the market outlook for the coming years to help you get better-informed when it comes to buying or selling your home in the Steel City.

Home Pricing Trends in the Pittsburgh Market

It wasn’t uncommon during the COVID-19 years (2020-2022) for a home seller to receive multiple offers and several thousand dollars more than their asking price from buyers outbidding each other to purchase their home.

The competition was so fierce that some buyers waived inspection to entice sellers — which proved to be a costly mistake for some, as they ended up purchasing overpriced properties that required expensive repairs.

While home prices saw a slight dip between 2022 and 2023, they regained significant momentum shortly thereafter and continued to rise all the way from 2023 through to the end of 2024. In that period, average home prices in Pittsburgh rose from just over $220,000 to over $240,000, a trend that could be attributed to low home inventories.

Nonetheless, as of 2025, this uptrend seems to be slowing down, with home prices seemingly having reached a plateau, hovering at around the $240,000 mark. While this remains high for the local market, it is worth noting that it is still below the national average of over $350,000, making Pittsburgh still an affordable place to live.

Housing Supply Trends

The trend of low home inventory in Pittsburgh in the post-pandemic years also seems likely to continue well into 2025. While the average interest rates for a 30-year mortgage have come down slightly from the high of almost 8% in 2024, they still remain relatively elevated at over 6.5% in the first few months of 2025. Experts have also predicted that this is likely to remain the case for the rest of 2025. 

This means that homeowners who locked in low interest rates during the pandemic years have no incentive to list their homes for sale now.

Nonetheless, there has been an increase in supply in the first half of 2025, with housing inventory in April 2025 rising by 30.6% year over year nationwide, contributing to a more balanced market and easing the competition seen in the previous years. 

Time on Market Trends

The time that a house spends on the market in Pittsburgh has also remained relatively stable in the post-pandemic years. Apart from seasonal variations within the year – with homes generally selling faster in the warmer months of the year – there has not been any significant up or downtrend in time on market for Pittsburgh homes. 

As of April 2025, the median number of days on market was 47 days, down from 62 days in March, reflecting a typical springtime acceleration in home sales. This pattern is consistent with Pittsburgh’s historical trends, where listings tend to move more quickly during the second quarter of the year.

Since many families prefer to move before the start of a new school year, these months typically feature a thriving real estate market packed with motivated buyers.

While demand remains strong and inventory has increased, the overall pace of the market suggests a balanced market that is not significantly in favor of either buyers or sellers. Nonetheless, there are also certain exceptions to these general trends. Properties in highly sought-after neighborhoods — including Regent Square, Squirrel Hill North or Point Breeze — are often sold more quickly. 

Pittsburgh Housing Market Outlook for 2025

The housing market in Pittsburgh has been a historically stable one – with home values over the past 20 years appreciating by an average of 4-5% per year.

Given that mortgage rates are down from the highs of 2023, this trend is likely to continue, with the Pittsburgh housing market outlook for 2025 being a relatively positive one. The region’s strong healthcare, education and technology sectors also continue to fuel demand for housing, with more and more people looking to relocate to the Steel City.

While average home prices in the first half of 2025 remained relatively flat, this can largely be attributed to slight increases in housing supply and seasonal market adjustment, and should not be taken as a sign of decreasing demand.

Selling a Home in Pittsburgh

No matter where you are, selling a home is a complex and arduous undertaking. From performing renovations and repairs to completing lengthy documents, there are many steps you will need to take if you want to ensure you get the best price for your home. However, not everyone has the time, energy or resources to manage these demands, especially when life gets busy or unexpected challenges arise. 

If you’re looking for a simpler way to sell your home without losing out on price, Homebuyers of Pittsburgh has you covered. Whether you’re trying to sell a home you inherited, are transitioning to assisted living, or simply want to get some fast cash for your home, we can help.

Our team of professional homebuyers buy all homes in as-is condition and we can close in as little as 21 days, saving you plenty of time and effort.  Simply leave us your information today to schedule a free 30-minute home tour, after which we’ll make you a no-obligation cash offer!

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Why Do Locals Choose The HomeBuyers of Pittsburgh?

  • We pay cash for homes in as-is condition (no need to make repairs or updates)
  • No dealing with Realtors, banks, or appraisers
  • No showings or open houses
  • You pick the closing date (as quick as 21 days)
  • No fees or closing costs paid by you
  • We have an A+ BBB Rating, 5-star Google Rating, and are the trusted experts in the Pittsburgh real estate market.

#1 Professional Home Buyer in Pittsburgh

If you’re considering buying or selling a home, contact Homebuyers of Pittsburgh at 412-444-8914 or info [at] urbanpgh.com.

We can assist buyers with finding their dream home or Pittsburgh property to invest in that provides above-average returns. We have also helped many homeowners quickly sell their homes using a three-step process that eliminates home listings, inspections, real estate agents, banks, and other things that can complicate a home sale.

We would love to help you figure out how to navigate the Pittsburgh real estate market, so reach out today!

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