Pittsburgh homebuyers score big discounts
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It's a good time to buy a home in Pittsburgh.
Why it matters: Though high mortgage rates are still sidelining many buyers, Pittsburgh home sales have one of the biggest discounts in the nation, according to a new Redfin report.
Zoom in: 62% of Pittsburgh metro area homes were sold below their asking price in 2025, according to the report.
- Of those sold below asking price, Pittsburgh's homes were discounted nearly 10%, the fourth highest rate of any metro in the country.
- The average discount for all Pittsburgh area home sales was 4.9%, the highest average discount of any metro outside Florida and Texas, according to the report.
Zoom out: Roughly 62% of homebuyers nationally last year paid less than the listing price, the highest share since 2019, Redfin data shows.
- Of homes sold below asking price nationally, they were discounted about 8%.
- The average discount for all national home sales was 3.8%.
What they're saying: Brian Teyssier, a local agent with REMAX, told Axios all of his sales this year have come under the asking price and none have gone over.
- One in Beaver County was lowered by $115,000 to try to make a sale, he said.
- Teyssier said another home in Morningside sold for $15,000 under the asking price.
- "In the first quarter of 2026, we are seeing properties going about 5% to 10% below asking price."
Reality check: In 2025, the national median sale price for an existing single-family home was still historically high at $419,300, up around 2% from 2024, according to the National Association of Realtors.
Yes, but: Pittsburgh's median home price in January of this year was $229,000, the lowest of any region in the nation, according to a recent REMAX report.
Between the lines: That's a big reversal from the pandemic, when sellers didn't have to offer sweeteners because bidding wars sent prices soaring far above asking in many places.
What we're watching: Not all sellers have adjusted to the fact that demand has fallen since then, according to Redfin.
- Teyssier said he is seeing the same thing locally.
- "We are trying to cleanse ourselves of that crazy COVID market," he said, referencing high home sales in the region during the pandemic. "I think we are probably another four years away from when buyers and sellers get back to a normal understanding."