Pittsburgh Real Estate Study
Figure 1: Map Zoomed to the City of Pittsburgh
Figure 2: Map Zoomed to Sheraden Neighborhood
Figure 2: Map Zoomed to Squirrel Hill North Neighborhood
Pittsburgh’s real estate market is characterized by a broad spectrum of property values, reflecting the diversity of its neighborhoods. The city's housing prices range from highly affordable to premium, depending on factors like location, amenities, and community characteristics. The maps (figure 1,2, and 3) and legends provided above illustrate how property values are distributed throughout the city of Pittsburgh.
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According to Realtor.com [1] there are 2,420 homes for sale in Pittsburgh, PA, ranging from $4K to $5.3M. The median listing price of houses in Pittsburgh is $225K and the median sold price is $210K. Pittsburgh has affordable apartments with 1,114 for rent. The smallest home size for sale is a 441 SQ FT building with a 2,126 SQ FT lot. It has two bedrooms and one bath and is located at 2906 Glasgow St, Pittsburgh, PA 15204 in the Sheraden neighborhood, located in the western part of the city. The largest size is 14,302 SQ FT on a 1.4 acre lot. It has nine bedrooms, nice baths and is located at 1145 Beechwood Blvd, Pittsburgh, PA 15206 in Pittsburgh’s Squirrel, an affluent eastern neighborhood.
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Sheraden features predominantly lower property values compared to Squirrel Hill, with most parcels falling in the $26,251–$105,000 range, making it an affordable choice for buyers. In contrast, Squirrel Hill North boasts higher property values with many parcels exceeding $420,000, reflecting its desirability and proximity to parks, cultural landmarks, and high-quality amenities. Ultimately, these neighborhoods show contrasting affordability and premium opportunities within Pittsburgh's housing market.
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Sources:
[1] https://www.realtor.com/realestateandhomes-search/Pittsburgh_PA/overview