Pittsburgh Real Estate Market Update: October 2025

Local Market Outperforms National Trends

While national headlines focus on rising inventory and price declines in places like Florida and Texas, the Pittsburgh real estate market continues to hold steady.

In areas such as Miami, Tampa, and Naples, housing inventory has surged back to or above pre-2020 levels, and home values have started to decline. But here in Western Pennsylvania, inventory remains well below pre-COVID levels — keeping our local market stable and values strong.

“Pittsburgh’s inventory is still drastically below where we were in 2017 or 2018,” says Matt Durbin. “That’s why our prices haven’t dropped like in some of the national markets.”

Inventory Levels and Home Value Trends

In 2017, Pittsburgh had roughly 10,000 homes for sale. Today, that number is significantly lower. Fewer homes on the market mean buyers still face competition, and sellers can expect steady demand when priced right.

Historically, Pittsburgh home values have appreciated by about 2 to 3% annually, occasionally reaching 5% in stronger years. After the sharp increases of 2021 and 2022, the market has now leveled off into a more sustainable pattern of modest growth.

This consistency makes Pittsburgh one of the most stable housing markets in the U.S., avoiding the extreme highs and lows seen elsewhere.

What Sellers Need to Know This Fall

Homes that are priced correctly and in good condition are still selling quickly. The average days on market sits around 50 to 52 days, which still reflects a seller’s market, but one trending toward balance.

As we move into late fall and winter, buyers become more selective. Sellers should focus on:

• Accurate pricing based on current local competition

• Making necessary repairs and improvements

• Ensuring the home shows well from day one

Homes that need work or are overpriced are sitting longer, especially as more inventory gradually enters the market.

What Buyers Should Focus On

Buyers in today’s Pittsburgh market are in a strong position. With slightly higher inventory and less competition than last year, you can:

• Negotiate seller assist to cover closing costs

• Buy down your interest rate for a better monthly payment

• Take your time to find the right home without rushing into bidding wars

Current mortgage rates remain steady, with FHA and VA loans around 5.65% (often with points paid to lower the rate) and conventional loans between 6.0% and 6.25%.

If rates drop into the mid-five percent range by spring, buyer competition could surge again — leading to multiple-offer situations next year. Acting now could help you avoid that rush.

The Big Picture for Pittsburgh

Despite what you see on national news, Pittsburgh remains a balanced and affordable market.
We’re not seeing the massive inventory spikes or double-digit price drops affecting other states.

For both buyers and sellers, the message is clear: focus on local data, not national headlines.

Thinking About Buying or Selling?

Whether you’re planning to list your home this fall or buy before rates change again, the Matt Durbin Team can help you make the right move.

We offer:

• Free home value analysis

• Strategic pricing and marketing plans for sellers

• Local expertise to help buyers find the right home and negotiate strong terms

Contact us today:

Matt Durbin Team | EXP Realty
 Call/Text: (412) 727-8027
  EXP Realty: (888) 397.7352
 Email: matt@exppgh.com
 Learn more: mad.homes

 Mortgage Disclaimer

All loan programs are subject to change and buyer qualification. Interest rates, down payment requirements, and closing cost assistance vary based on credit, income, and lender guidelines. Not all borrowers will qualify for every loan program. Always consult with a licensed mortgage professional for your specific situation. This content is for informational purposes only and should not be considered financial advice.