Pittsburgh, PA Housing Market Report

The Pittsburgh housing market as of December 2025 is characterized by a state of relative equilibrium, showing signs of a cooling trend that increasingly benefits patient buyers. With a median home value of $228,571, the market has seen a marginal year-over-year increase of just 0.32%, indicating that the rapid appreciation seen in previous years has leveled off. Active inventory has climbed by 4.74% to 6,166 units, providing more options for house hunters, while the average time on market has stretched to 60 days. This combination of rising inventory and slower absorption suggests a shift away from the frenetic seller-dominated environment toward a more balanced landscape.

Price trends over the last six months reveal a remarkably stable, albeit slightly fluctuating, pricing environment. After peaking in September at $228,847, values experienced minor dips through the autumn months before a slight recovery in December. This plateau in home values stands in stark contrast to the rental market, where median rents have surged by 3.62% to $1,590. The divergence between flat home prices and rising rents may drive more long-term residents toward homeownership as a means of stabilizing their monthly housing costs, though high interest rates continue to act as a ceiling on price growth.

Looking ahead, the Pittsburgh metro area remains one of the most affordable major markets in the Northeast, which provides a defensive floor for property values. Sellers must now be more realistic with their expectations, as the sale-to-list ratio of 0.98 indicates that buyers are successfully negotiating small discounts off asking prices. For buyers, the increase in days on market offers a crucial window to conduct thorough inspections and due diligence without the pressure of immediate bidding wars. While the market is not experiencing a downturn, the current pace suggests a period of consolidation where inventory growth will be the primary metric to watch for future price direction.