Pittsburgh, PA Market Trends, June 2023

[Alex Hileman]

Sharing some housing market information for Pittsburgh from June 2023.

Key takeaways:

Pittsburgh is a Seller's Housing Market, which means prices tend to be higher and homes sell faster.

If you're buying a home in Pittsburgh, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.

Many homes in Pittsburgh are selling fast, if you're buying plan to act quickly.


There are 2,925 homes for sale in the Pittsburgh, PA real estate market. The number of listings in Pittsburgh, PA increased by 5.3% between May 2023 and June 2023. The median list price of listings available in June 2023 was $230,475, while the average time on the real estate market was 38 days. Listing prices have changed in this real estate market between May 2023 and June 2023: 1 bedroom properties prices increased by 2%, 2 bedrooms properties became 3.2% more cheaper, 3 bedrooms properties prices increased by 3.5%, 4 bedrooms properties prices increased by 6.2%, the cost of 5 bedrooms properties went down by 1.6%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 3.4%, number of 2 bedrooms homes increased by 6.9%, volume of 3 bedrooms homes went up by 2.8%, 4 bedrooms homes inventory increased by 9.8%, 5 bedrooms homes became 4.4% more available. The Pittsburgh, PA housing market in June 2023 saw over 298 listings sold above listed price, more than 98 sold at listed price and over 315 sold below.


Based on information from West Penn Multi-List Inc., and BrightMLS for the period 07/01/2021 - 07/01/2023. Sourced from Rocket Homes.