Mortgage News and Notes

Looking to buy or sell a home in Pittsburgh? Check out our latest real estate market report to get an idea of what homes are going for, how the foreclosure inventory has changed and which neighborhoods are gaining popularity.

Pittsburgh, PA Real Estate Report

Average Listing Price: $226,132
1-Week Change: +0.5%

Median Sales Price: $129,900
1-Year Change: +4.7%

Average Price/SqFt: $94
1-Year Change: +5.6%

Recently Sold: 3,464

Foreclosures: 1,606

Most Popular Neighborhoods: Shadyside, Southside Flats, Mount Washington, Downtown, Greenfield

Listing prices inched up recently while sales prices and price per square foot increased year-over-year. Three of the five most popular neighborhoods (Shadyside, Southside Flats and Mount Washington) experienced an increase in average listing price week-over-week.

So what does this mean for potential buyers and sellers? Well if these number stay on their current path, it could mean Pittsburgh is well on its way to recovery. If you’re a buyer, now may be a great time to invest in a Pittsburgh home, as prices and values continue to move forward. If you’re thinking of selling, you’ll be happy to know that you may get a fairer price than you would have a year ago.

Please note, these figures are pulled from websites that publish time-sensitive data. These numbers are subject to change without notice. For the most accurate information, speak with a real estate professional.

To learn about popular Pennsylvania mortgage products, from FHA loans to HARP refinancing, talk to a mortgage consultant at American Financial Resources today by call 800-316-9508. You can also view mortgage rates on our web site by completing the Rate Quote Form. If you’re short on time, check in with one of AFR’s home loan professionals using live chat.

Go Bucs!