Pittsburgh Real Estate Market Update – May 2025: Trends, Opportunities & What to Expect

The Pittsburgh real estate market in May 2025 presents a dynamic landscape shaped by rising inventory, shifting buyer leverage, and evolving development policies. Whether you're a homebuyer, seller, or investor, understanding the current trends is crucial for making informed decisions.

Market Snapshot: May 2025

• Inventory Growth: In April 2025, Pittsburgh saw 2,810 homes listed for sale—a 14.5% increase from March. This surge in listings provides buyers with more options and negotiating power.

• Sales Activity: Home sales rose by 12.4% month-over-month, indicating a rebound in buyer activity despite earlier slowdowns.

• Median Home Price: The median home price stands at approximately $250,000, reflecting a 6.2% year-over-year increase.

• Days on Market: Properties are averaging 62 days on the market, up 23.4% from the previous year, suggesting buyers have more time to make decisions.

Buyer’s Market Emerging

With increased inventory and longer listing durations, Pittsburgh is transitioning into a buyer-friendly market. Homes listed for over 60 days present opportunities for negotiation, making it an opportune time for buyers to enter the market.

Economic Drivers & Development

Pittsburgh's economy continues to benefit from its robust technology and healthcare sectors, attracting professionals and sustaining housing demand. Major projects like the $1.57 billion Pittsburgh International Airport terminal and the $1.5 billion UPMC Presbyterian Hospital expansion are set to enhance the city's infrastructure and job market. 

Urban Development & Zoning Challenges

Efforts to implement inclusionary zoning (IZ) policies requiring developers to allocate 10% of units for affordable housing have sparked debates. While aimed at increasing affordability, some developers have paused projects due to financial concerns, potentially impacting future housing supply.

Rental Market Trend

Pittsburgh's rental market has experienced a significant surge, with median rents increasing nearly 48% since 2019—the highest among major U.S. cities. This spike is attributed to an influx of remote workers from more expensive metros and limited new construction, leading to constrained supply and higher prices. 

Outlook for Buyers and Sellers

• Buyers: The current market conditions favor buyers, with increased inventory and longer listing times providing more choices and bargaining power.

• Sellers: While demand remains, pricing strategies need to be competitive, and properties may take longer to sell compared to previous years.

Final Thoughts

As Pittsburgh's real estate market evolves, staying informed about local trends and economic factors is essential. For personalized advice or assistance navigating the market, consider consulting with a local real estate professional.

For more detailed information or specific inquiries, feel free to reach out or explore our other resources on Pittsburgh's real estate landscape.