Pittsburgh home prices are up, but still affordable
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Open embedded content from datawrapper.dwcdn.netPittsburgh-area home prices had the fourth-largest year-over-year increase among the nation's biggest metros, according to Redfin data.
<strong>The big picture:</strong> This surge came as 12 of the 50 largest metros saw <a class="gtmContentClick" data-vars-link-text="prices" data-vars-click-url="https://www.axios.com/2025/03/22/best-time-to-sell-house-metro" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/03/22/best-time-to-sell-house-metro" target="_self">prices</a> dip compared to a year ago, per the real estate site.
<strong>Zoom in: </strong>Pittsburgh's prices were up 8.7% in April from a year earlier.
- Only Newark, New Jersey, Cleveland and Milwaukee increased faster.
<strong>Yes, but:</strong> Pittsburgh's median home price as of April sat at $250,000, the third <a class="gtmContentClick" data-vars-link-text="cheapest" data-vars-click-url="https://www.axios.com/local/pittsburgh/2025/01/27/lowest-percentage-income-homes-pittsburgh" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/pittsburgh/2025/01/27/lowest-percentage-income-homes-pittsburgh" target="_self">cheapest</a> in the country.
<strong>What they&apos;re saying:</strong> Buyers from across the country are starting to discover Pittsburgh's cheaper <a class="gtmContentClick" data-vars-link-text="homes" data-vars-click-url="https://www.axios.com/local/pittsburgh/2025/06/16/pittsburgh-homes-among-oldest-us" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/pittsburgh/2025/06/16/pittsburgh-homes-among-oldest-us" target="_self">homes</a> compared to higher-cost cities, Brian Teyssier, a Pittsburgh Realtor with Remax, tells Axios.
- Teyssier has been selling homes in Pittsburgh for nearly two decades and said the median home price hasn't increased very quickly here compared to the rest of the country.
- The Pittsburgh metro's median home prices have jumped about $130,000 <a class="gtmContentClick" data-vars-link-text="since 2005" data-vars-click-url="https://archive.triblive.com/news/pittsburgh-ranks-40th-out-of-159-most-affordable-cities/#:~:text=Ron%20Daparma,rates%20and%20rising%20home%20prices." data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://archive.triblive.com/news/pittsburgh-ranks-40th-out-of-159-most-affordable-cities/#:~:text=Ron%20Daparma,rates%20and%20rising%20home%20prices." target="_blank">since 2005</a>, compared to about $184,000 nationally, per <a class="gtmContentClick" data-vars-link-text="Federal Reserve data" data-vars-click-url="https://fred.stlouisfed.org/series/MSPUS" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://fred.stlouisfed.org/series/MSPUS" target="_blank">Federal Reserve data</a>.
- "I see some people moving here from places like Austin because of our affordability," he said. "We have never had a huge peak. We are just kind of steady."
<strong>Zoom out:</strong> Prices are falling or barely changing in parts of <a class="gtmContentClick" data-vars-link-text="Florida" data-vars-click-url="https://www.axios.com/local/tampa-bay/2025/04/28/tampa-bay-home-insurance-share-of-mortgage-bill" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/tampa-bay/2025/04/28/tampa-bay-home-insurance-share-of-mortgage-bill" target="_self">Florida</a>, <a class="gtmContentClick" data-vars-link-text="Texas" data-vars-click-url="https://www.axios.com/local/austin/2025/05/09/austin-sprawl-cheaper-housing" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/austin/2025/05/09/austin-sprawl-cheaper-housing" target="_self">Texas</a> and other areas where <a class="gtmContentClick" data-vars-link-text="more homes" data-vars-click-url="https://www.axios.com/2025/06/03/homes-buyers-sellers-redfin" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/06/03/homes-buyers-sellers-redfin" target="_self">more homes</a> are available.
- Prices are mostly rising in the Northeast and Midwest.
<strong>Reality check:</strong> <a class="gtmContentClick" data-vars-link-text="Home sales" data-vars-click-url="https://www.axios.com/2025/05/22/home-sales-cool-april-mortgage-rates" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/05/22/home-sales-cool-april-mortgage-rates" target="_self">Home sales</a> have slumped nationally during what's typically the busiest season.
- Still-high prices — they're up around 52% from 2019, per Redfin — and elevated <a class="gtmContentClick" data-vars-link-text="mortgage rates" data-vars-click-url="https://www.axios.com/2025/05/19/mortgage-rate-state" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/05/19/mortgage-rate-state" target="_self">mortgage rates</a> sidelined many homebuyers, especially first-timers.
- Pittsburgh's increase is in line with national averages, up 53.4% since April 2019.
- <a class="gtmContentClick" data-vars-link-text="Economic uncertainty" data-vars-click-url="https://www.axios.com/2025/04/04/mortgage-rates-trump-tariffs" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/04/04/mortgage-rates-trump-tariffs" target="_self">Economic uncertainty</a> is also keeping some people away.
<strong>What we&apos;re watching:</strong> <a class="gtmContentClick" data-vars-link-text="Redfin" data-vars-click-url="https://www.redfin.com/news/home-price-forecast-decline-2025/" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/news/home-price-forecast-decline-2025/" target="_blank">Redfin</a> and <a class="gtmContentClick" data-vars-link-text="Zillow" data-vars-click-url="https://www.zillow.com/research/home-value-sales-forecast-33822/" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.zillow.com/research/home-value-sales-forecast-33822/" target="_blank">Zillow</a> forecast U.S. home prices will edge down by the end of 2025, while other experts expect a slow <a class="gtmContentClick" data-vars-link-text="increase" data-vars-click-url="https://www.businessinsider.com/personal-finance/mortgages/housing-market-predictions" data-vars-content-id="a37a032a-0f0e-4af8-ac0e-836db37b62f5" data-vars-headline="Pittsburgh home prices are up, but still affordable" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.businessinsider.com/personal-finance/mortgages/housing-market-predictions" target="_blank">increase</a>.
<strong>What&apos;s next:</strong> Teyssier said Pittsburgh's home sales are already slowing down a little bit, and he expects that to continue, especially in the summer months.
- "Things are starting to come back to normal," he said.