Why Live in Market Square
Market Square, located in the heart of downtown Pittsburgh, is a vibrant neighborhood known for its tree-lined plazas, cultural hubs, and historic architecture. The area features the iconic PPG Place and the Gothic-inspired Union Trust Building. Market Square is a bustling center with a mix of global cuisines, including popular spots like Primanti Bros. and Las Velas. The neighborhood offers a variety of things to do, from brunch at The Speckled Egg to upscale dining at Eddie V’s Prime Seafood. Nightlife options include Forbes Tavern and Barcadia, with more extensive nightlife available in nearby districts. Market Square is home to numerous first-floor storefronts, including banks, boutiques, and national retail chains like Target and Burlington. High-rise condos dominate the residential scene, with options ranging from the historic Carlyle Building to the luxurious Residences at Three PNC Plaza. Amenities in some buildings include rooftop decks, dog parks, and private parking. Market Square is well-connected with sidewalks, bike lanes, and public transit, making it easy to explore downtown Pittsburgh. The area hosts seasonal events like the Peoples Gas Holiday Market and the Market Square Farmers Market. Nearby, the Cultural District offers year-round entertainment, including Broadway shows and performances by the Pittsburgh Symphony Orchestra. Pittsburgh CAPA 6-12, a highly rated school, is located a few blocks away. While the neighborhood is safe from floods, occasional heavy rains can cause traffic detours. Pittsburgh International Airport is 18 miles away.
Frequently Asked Questions
Is Market Square a good place to live?
Market Square is a good place to live. Market Square is considered very walkable and very bikeable with excellent transit options. Market Square is a suburban neighborhood. Market Square has 7 parks for recreational activities. It is very dense in population with 22.0 people per acre and a median age of 33. The average household income is $161,734 which is above the national average. College graduates make up 77% of residents. A majority of residents in Market Square are renters, with 85.7% of residents renting and 14.3% of residents owning their home. A
local real estate agent serving Market Square can help you decide if this neighborhood is the right one for you. Learn more on our
Market Square neighborhood guide.
How much do you need to make to afford a house in Market Square?
The median home price in Market Square is $499,450. If you put a 20% down payment of $99,900 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $2,530 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $108K a year to afford the median home price in Market Square. The average household income in Market Square is $162K.
What are the best public schools in Market Square?
The best public schools that serve Market Square are:
What are the most popular zip codes in Market Square, Pittsburgh, PA?
What are the most popular neighborhoods near Market Square, Pittsburgh, PA?
Are home prices dropping in Market Square?
Yes, home prices in Market Square are down 34% in the last 12 months.
Home Trends in Market Square, PA
On average, homes in Market Square, Pittsburgh sell after 211 days on the market compared to the national average of 52 days. The median sale price for homes in Market Square, Pittsburgh over the last 12 months is $484,950, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$484,950
Median Single Family Sale Price
$275,000
Median 2 Bedroom Sale Price
$499,000
Median 1 Bedroom Sale Price
$365,000
Average Price Per Sq Ft
$397
Number of Homes for Sale
20
Last 12 months Home Sales
20
Median List Price
$499,450
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
8%
