Home Values

Pittsburgh Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$124,200

  • 2.0% 1-year change
  • 1.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Pittsburgh Metro is $124,200. Pittsburgh Metro home values have gone up 2.0% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Pittsburgh Metro is None. The median rent price in Pittsburgh Metro is $1,030, which is lower than the Pennsylvania median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Pittsburgh Metro 2.7 homes are foreclosed (per 10,000). This is lower than the Pennsylvania value of 4.6 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Pittsburgh Metro is 4.1%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Pittsburgh Metro homeowners underwater on their mortgage is 12.1%, which is lower than Pennsylvania at 16.7%.

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Relative ZHVI
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Pittsburgh Metro Market Overview

Data through Apr 30, 2015
  • $124,200 ZHVI
  • 1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $136,750 Median sale price
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Pittsburgh Metro Market Health

Data through Apr 30, 2015
  • No recent data Very healthy
  • 144 Average days on Zillow (Mar 31, 2015)
  • 12.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.7 homes Pittsburgh Metro
4.6 homes Pennsylvania
3.9 homes United States
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Cities in Pittsburgh Metro

Name Median ZHVI
Mount Lebanon $223,300
Mccandless Township $217,400
Bethel Park $166,600
Name Median ZHVI
Ross Township $154,900
Shaler Township $152,600
Hempfield Township $133,900
Name Median ZHVI
North Huntingdon $122,700
Pittsburgh $86,900
Penn Hills $76,200

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $102 Median sale price / sq ft
  • No data Listings with price cut
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Pittsburgh Metro Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,124 Pittsburgh Metro
    $1,233 Pennsylvania
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,030 Rent list price
  • $1.04 Rent list price / sq ft
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