Pittsburgh Housing Market

More homes were listed for sale across the Pittsburgh area in July, giving buyers more options than they had a year ago. Even with that increase in inventory, home prices continued to climb, showing that demand remained strong in one of the country's more affordable housing markets.

Pittsburgh home sales fell by 0.4% in July, nearly unchanged from a year ago. Sales fell by just nine transactions compared to July 2025, indicating that buyer demand held up even as more homes came to market.

More inventory gave buyers additional options without causing a significant slowdown in activity. Single-family home sales were unchanged from a year ago at 2,025 transactions. Meanwhile, townhome sales fell 2.3% to 208, and condo sales slipped 3.2% to 122.

Inventory grew significantly in July. The number of homes for sale rose 15.2% from a year earlier to 9,646 listings, an increase of 1,273 homes. By comparison, inventory nationwide rose just 4.4%.

New listings also increased. Sellers brought 3,405 properties to market, up 10.3% from a year ago. As more homes became available, months of supply reached 4.8, giving buyers additional leverage and moving the market closer to balanced conditions.

Even with the increase, inventory remained 15.2% below July 2019 levels, showing that Pittsburgh has not fully recovered the housing supply lost during the pandemic-era housing boom.

Homes spent a median of 57 days on the market, up just one day from a year ago. Meanwhile, the sale-to-list ratio held at 96.4%, suggesting sellers continued to receive close to their asking prices.

View the latest homes for sale in Pittsburgh.

Despite the larger supply of homes, prices kept rising. The median sale price reached $273,200 in July, up 5.1% from a year earlier. That gain was nearly double the national price increase of 2.6%.

Pittsburgh homeowners also saw larger dollar gains than the typical U.S. seller. Home prices increased by $13,200 year over year, compared with a $10,000 increase nationally.

Even with those gains, Pittsburgh remained one of the most affordable large housing markets in the country. The median home price was 31.7% below the national median of $400,000.

The median home sale price in Pittsburgh increased by 5.1% compared to the same time last year, while the national median price rose by 2.6%.

Pittsburgh median home prices rose by $13,200 year over year on a nominal basis in July to $273,200. Meanwhile, the national median home price increased by $10,000 to $400,000.

Pittsburgh was the 40th highest-priced housing market among the top 40 largest markets last month. The Pittsburgh median home price of $273,200 was 31.7% below the national median home price. Pittsburgh's median home price in July compares to the market's peak of $282,750 recorded in June of 2026.

The median price of Pittsburgh single-family homes rose by $16,000 over the past year to $267,000, while the median townhome price declined by 2.2%, and the median condo price rose by 15.6%.

The number of homes for sale in Pittsburgh increased by 15.2% in July compared to the same time last year, while national homes for sale rose by 4.4%.

Pittsburgh homes for sale rose by 1,273 year over year in July to 9,646 homes for sale. Pittsburgh ranked seventh, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in July.

Pittsburgh homes for sale were below their pre-pandemic levels in the month of July. Pittsburgh homes for sale were 15.2% below the July 2019 total of 11,374.

Pittsburgh single-family homes for sale grew by 15.1% to 8,179 in July. In comparison, townhomes for sale rose by 13.8% to 825, and condos for sale increased by 18.7% to 642.

The number of home sales in Pittsburgh decreased by 0.4% in July compared to the same time last year, while national home sales rose by 2.9%.

Pittsburgh home sales declined by 9 year over year on a nominal basis in July to 2,355. For context, 2,364 sales closed in Pittsburgh in July 2025.

Pittsburgh ranked 30th for the annual change in home sales out of the top 40 U.S. markets in July on a percentage basis. This year's July decrease of 0.4% compares to the 1.3% year over year decrease in July 2025.

2025 single-family homes were sold in July the same amount as this time last year. In comparison, townhome sales fell by 2.3% to 208, and condo sales fell by 3.2% to 122.

For questions and commentary about this report:

Jared Koeck, Associate Director of Market Analytics at CoStar and Homes.com, based in New York City, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Jared Koeck

Associate Director of Market Analytics

Homes.com

jkoeck@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Pittsburgh during July 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Days on Market

The median number of days from initial listing to closing of properties whose closing occurred during the month. This data includes detached, attached, and condominium homes. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Months of Supply (MOS)

Months of Supply (MOS) is equal to active listings divided by homes sold in a given month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Sale to List Price Ratio

The sale-to-list price ratio is the ratio of the sale (closing) price to the original list price, whose closing occurred during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.