Is East Pittsburgh, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Pittsburgh is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, East Pittsburgh was a Seller's Market.

Key Takeaway

East Pittsburgh is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in East Pittsburgh, PA

How much do homes in East Pittsburgh, PA cost?

Median Sold Price

$89,355

$72/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$33,645(-27.4%)

Key Takeaway

Homes in East Pittsburgh have sold for 27.4% less than they did a year ago.

Summary: The median home sold price in East Pittsburgh was $89,355 in May 2024, down 27.4% from last year, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $68K$80.5K
+18.4%
3 $135K$93.7K
-30.6%
4 $112.5K$69.9K
-37.9%
5+ $134K$86.2K
-35.7%

Summary: East Pittsburgh housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 30.6%, 4 bedroom homes decreased by 37.9%, and 5+ bedroom homes decreased by 35.7%.

Median Sold Price Compared To Nearby Cities

North Braddock
+36.9%
Turtle Creek
+19.4%
North Versailles
+6.5%
Wilkins Township
+2.3%
East Pittsburgh
-27.4%

Housing Supply in East Pittsburgh, PA

How many homes are available in East Pittsburgh, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
57+40.0%

Summary: The East Pittsburgh real estate market had 7 homes for sale in May 2024, a 40.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 35
+66.7%
4 11
0.0%
5+ 10
-100.0%

Summary: The East Pittsburgh housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Pittsburgh, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in East Pittsburgh in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for East Pittsburgh, PA

How long does it take to sell a home in East Pittsburgh, PA?

Average Sale Time

May 2023May 2024CHANGE
28 Days3 Days-89.5%

Summary: Homes in East Pittsburgh had an average of 3 days on market in May 2024, down by 89.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Pittsburgh are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in East Pittsburgh; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in East Pittsburgh, PA

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