Homes for Sale near North Hills School District - Pittsburgh, PA Real Estate | realtor.com® (2024)

FAQs

Is the housing market slowing down in Pittsburgh PA? ›

Fewer homes are being sold right now in Pittsburgh than in the previous year, which could suggest demand is dropping (contrary to what the median housing prices suggest so far in 2023). There was a 15% difference year-over-year between 2022 and 2023 for April- with a total of 419 homes sold.

As one of the most affordable places to live in PA, Pittsburgh offers an enticing combination of affordable housing costs, favorable mortgage rates, low-interest rates and financing opportunities.

Pittsburgh, PA Housing Market. The Pittsburgh housing market is somewhat competitive. Homes in Pittsburgh receive 3 offers on average and sell in around. The median sale price of a home in Pittsburgh was $265K last month, up .

The spring (late March to June), generally regarded as the beginning of the housing shopping season, is the best time of the year to sell a home in Pittsburgh, Pennsylvania. You stand a good chance of selling your home quickly and for the highest possible price during this time, usually within 30 days.

“Homeownership is unaffordable for many households,” researchers said. The Pittsburgh region has fewer than five rental homes affordable and available for every 10 low-income renters, said Andrew Aurand, senior vice president for research at the National Low-Income Housing Coalition in Washington.

It's considered one of the best places for retirees to live by many locals. There are several nearby universities and hospitals and this neighborhood tends to be highly educated and diverse. This creates a stimulating environment to enjoy with your new schedule.

Is Economy, PA a buyer's or seller's market? Since last year, Economy has remained a Seller's Market.

What style of houses are in Pittsburgh? ›

According to the Centre County Association of Realtors, June 2024 produced a median sale price of $357,500 for homes sold in the area — down 10.4% from May and down 3.4% year-over-year. New listings (129) were also down from May, while closed sales (140) were up 6.1% from the prior month.

The city last saw an increase in population from 2020 to 2021, followed by a year of decline before last year's increase. Overall, Pittsburgh's population has decreased by 2,010 people since 2010.

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

Pittsburgh is an attractive place for real estate investors because of the low prices. However, those low prices don't always translate to high profits. Pittsburgh can be a great market for real estate investors to get into.