PITTSBURGHQ3 2024 MARKET REPORT Message
COMPASS.COM
COMPASS.COM
GET TO KNOW COMPASSDeveloped entirely in-house, all of our technology is designed to sell your home faster and at a higher price point. We can track comparable properties, view your listing’s trafc, gauge marketing performance — all at a moment’s notice.Locally, we are counted among the top ve brokerages in every one of our core markets; meanwhile, our national presence and uniquely collaborative culture present agents with unlimited co-brokering and referral opportunities.OUR PLATFORMOur in-house marketing and advertising agency ensures that every home we represent is portrayed in its nest light across every platform — from stunning billboards and installations to eye-catching print materials and digital campaigns.OUR MARKETINGOUR COMMUNITYArizonaCalifornia ColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaKansasLouisiana MaineMarylandMassachusettsMinnesotaMississipiMissouriNevadaNew HampshireNew JerseyNew YorkNorth CarolinaPennsylvaniaRhode IslandSouth CarolinaTennesseeTexasUtahVirginiaWashingtonWisconsinWyoming Listed on the Fortune 500®Fortune 500Compass operates over 400 oces across the US and is the #1 residential real estate brokerage in the US. Pairing a national network of top agents with the industry’s best technology, we’re delivering a seamless, exible client experience.Residential real estate brokerage in the US1#1Agents nationwide29K+¹#1 2023 closed sales volume. T. Velt, “eXp, Compass top 2024 RealTrends Veried brokerage rankings for second year,” HousingWire, Online, HW Media, 3/22/2024
GET TO KNOW COMPASSDeveloped entirely in-house, all of our technology is designed to sell your home faster and at a higher price point. We can track comparable properties, view your listing’s trafc, gauge marketing performance — all at a moment’s notice.Locally, we are counted among the top ve brokerages in every one of our core markets; meanwhile, our national presence and uniquely collaborative culture present agents with unlimited co-brokering and referral opportunities.OUR PLATFORMOur in-house marketing and advertising agency ensures that every home we represent is portrayed in its nest light across every platform — from stunning billboards and installations to eye-catching print materials and digital campaigns.OUR MARKETINGOUR COMMUNITYArizonaCalifornia ColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaKansasLouisiana MaineMarylandMassachusettsMinnesotaMississipiMissouriNevadaNew HampshireNew JerseyNew YorkNorth CarolinaPennsylvaniaRhode IslandSouth CarolinaTennesseeTexasUtahVirginiaWashingtonWisconsinWyoming Listed on the Fortune 500®Fortune 500Compass operates over 400 oces across the US and is the #1 residential real estate brokerage in the US. Pairing a national network of top agents with the industry’s best technology, we’re delivering a seamless, exible client experience.Residential real estate brokerage in the US1#1Agents nationwide29K+¹#1 2023 closed sales volume. T. Velt, “eXp, Compass top 2024 RealTrends Veried brokerage rankings for second year,” HousingWire, Online, HW Media, 3/22/2024
A LETTER TO OUR CLIENTSWe are excited to present the Pittsburgh Report for Q3 2024. At Compass, our mission is to help you nd your place in the world, and staying informed about market trends is an essential part of making condent real estate decisions.This quarter, the real estate market across Pittsburgh has demonstrated notable resilience and adaptability. While higher interest rates and limited inventory have posed challenges, the region has maintained stability. Sales activity remains strong, and we’ve observed a gradual increase in median home prices, reecting the continued demand for quality homes.Despite market complexities, buyers and sellers alike are nding innovative ways to navigate the current landscape. The demand for desirable properties continues to drive the market forward, signaling a positive trajectory as we move into the nal quarter of the year.As always, we are here to support you every step of the way on your real estate journey.Sincerely,Compass Pittsburgh
A LETTER TO OUR CLIENTSWe are excited to present the Pittsburgh Report for Q3 2024. At Compass, our mission is to help you nd your place in the world, and staying informed about market trends is an essential part of making condent real estate decisions.This quarter, the real estate market across Pittsburgh has demonstrated notable resilience and adaptability. While higher interest rates and limited inventory have posed challenges, the region has maintained stability. Sales activity remains strong, and we’ve observed a gradual increase in median home prices, reecting the continued demand for quality homes.Despite market complexities, buyers and sellers alike are nding innovative ways to navigate the current landscape. The demand for desirable properties continues to drive the market forward, signaling a positive trajectory as we move into the nal quarter of the year.As always, we are here to support you every step of the way on your real estate journey.Sincerely,Compass Pittsburgh
TABLE OF CONTENTSCounty Perspectives11 MARKET STATS BY COUNTYPittsburgh121416 182022 24 2628 GREATER PITTSBURGHADAMS TWP BLOOMFIELD, MORNINGSIDE, HIGHLAND PARK & EAST LIBERTYCANONSBURGCRANBERRYCHARTIERS VALLEY & SOUTH FAYETTEFOX CHAPEL, O’HARA & ASPINWALLHAMPTONMARSHALL TWP, FRANKLIN PARK & MCCANDLESS 303234363840424446 48MOON & MONTOURMT. LEBANON & UPPER SAINT CLAIROAKMONT & VERONAPETERS TOWNSHIPPINE-RICHLAND AREAPLUM BORO & MURRYSVILLE SEWICKLEYSHALERSQUIRREL HILL, SHADYSIDE & GREENFIELDTHE STRIP DISTRICT, LAWRENCEVILLE & STANTON HEIGHTSMETHODOLOGYTERMS DEFINEDSalesThe total number of closed sales.Days on MarketThe total number of days the listing is active on the market.Median Sales PriceThe median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.All data included represents a review of July-September 2024. Data was pulled from each region’s local MLS between October 1-7, 2024 for all residential criteria unless otherwise noted.
TABLE OF CONTENTSCounty Perspectives11 MARKET STATS BY COUNTYPittsburgh121416 182022 24 2628 GREATER PITTSBURGHADAMS TWP BLOOMFIELD, MORNINGSIDE, HIGHLAND PARK & EAST LIBERTYCANONSBURGCRANBERRYCHARTIERS VALLEY & SOUTH FAYETTEFOX CHAPEL, O’HARA & ASPINWALLHAMPTONMARSHALL TWP, FRANKLIN PARK & MCCANDLESS 303234363840424446 48MOON & MONTOURMT. LEBANON & UPPER SAINT CLAIROAKMONT & VERONAPETERS TOWNSHIPPINE-RICHLAND AREAPLUM BORO & MURRYSVILLE SEWICKLEYSHALERSQUIRREL HILL, SHADYSIDE & GREENFIELDTHE STRIP DISTRICT, LAWRENCEVILLE & STANTON HEIGHTSMETHODOLOGYTERMS DEFINEDSalesThe total number of closed sales.Days on MarketThe total number of days the listing is active on the market.Median Sales PriceThe median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.All data included represents a review of July-September 2024. Data was pulled from each region’s local MLS between October 1-7, 2024 for all residential criteria unless otherwise noted.
1 1 DOM DAYS ON MARKET MSP MEDIAN SALES PRICECounty PerspectivesQ3 2024 MARKET REPORTCOUNTYNAMEQ3 2023 SALESQ3 2024 SALESQ3 2023 MSPQ3 2024 MSPQ3 2023 DOMQ3 2024 DOMAllegheny County 3,534 3,344 $245K $260K 35 35Armstrong County 94 117 $145K $149K 56 54Beaver County 455 479 $195K $200K 45 46Butler County 529 535 $330K $361K 35 44Fayette County 222 216 $155K $154K 61 61Lawrence County 218 186 $140K $153K 61 50Washington County 540 539 $240K $251K 37 36Westmoreland County876 914 $206K $215K 36 40PITTSBURGH
1 1 DOM DAYS ON MARKET MSP MEDIAN SALES PRICECounty PerspectivesQ3 2024 MARKET REPORTCOUNTYNAMEQ3 2023 SALESQ3 2024 SALESQ3 2023 MSPQ3 2024 MSPQ3 2023 DOMQ3 2024 DOMAllegheny County 3,534 3,344 $245K $260K 35 35Armstrong County 94 117 $145K $149K 56 54Beaver County 455 479 $195K $200K 45 46Butler County 529 535 $330K $361K 35 44Fayette County 222 216 $155K $154K 61 61Lawrence County 218 186 $140K $153K 61 50Washington County 540 539 $240K $251K 37 36Westmoreland County876 914 $206K $215K 36 40PITTSBURGH
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1 5 Q3 2023 SALES Q3 2023 DOMQ3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES Q3 2024 DOM3732$519K$510KDATA REPRESENTS MARS SCHOOL DISTRICTADAMS TWP9282
1 5 Q3 2023 SALES Q3 2023 DOMQ3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES Q3 2024 DOM3732$519K$510KDATA REPRESENTS MARS SCHOOL DISTRICTADAMS TWP9282
1 6 Q3 2023 SALES Q3 2023 DOMQ3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALESQ3 2024 DOM4952$335K$310KDATA PULLED BY ZIP CODEBLOOMFIELD, MORNINGSIDE, HIGHLAND PARK & EAST LIBERTY8597
1 6 Q3 2023 SALES Q3 2023 DOMQ3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALESQ3 2024 DOM4952$335K$310KDATA PULLED BY ZIP CODEBLOOMFIELD, MORNINGSIDE, HIGHLAND PARK & EAST LIBERTY8597
1 9 1 8 3325$329K$361KDATA REPRESENTS CANON MCMILLAN SCHOOL DISTRICTCANONSBURG120121Q3 2023 SALES Q3 2023 DOMQ3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES Q3 2024 DOM
1 9 1 8 3325$329K$361KDATA REPRESENTS CANON MCMILLAN SCHOOL DISTRICTCANONSBURG120121Q3 2023 SALES Q3 2023 DOMQ3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES Q3 2024 DOM
2 1 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE3929$430K$378KDATA REPRESENTS SENECA VALLEY SCHOOL DISTRICTCRANBERRY216208Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
2 1 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE3929$430K$378KDATA REPRESENTS SENECA VALLEY SCHOOL DISTRICTCRANBERRY216208Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
2 2 Q3 2023 SALES Q3 2023 DOMQ3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALESQ3 2024 DOM3325$320K$283KDATA REPRESENTS CHARTIERS VALLEY & SOUTH FAYETTE SCHOOL DISTRICTSCHARTIERS VALLEY & SOUTH FAYETTE190180
2 2 Q3 2023 SALES Q3 2023 DOMQ3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALESQ3 2024 DOM3325$320K$283KDATA REPRESENTS CHARTIERS VALLEY & SOUTH FAYETTE SCHOOL DISTRICTSCHARTIERS VALLEY & SOUTH FAYETTE190180
2 5 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE3947$575K$385KDATA REPRESENTS FOX CHAPEL SCHOOL DISTRICTFOX CHAPEL, O’HARA & ASPINWALL 8572Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
2 5 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE3947$575K$385KDATA REPRESENTS FOX CHAPEL SCHOOL DISTRICTFOX CHAPEL, O’HARA & ASPINWALL 8572Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
2 7 26 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE2735$398K$385KDATA REPRESENTS HAMPTON SCHOOL DISTRICTHAMPTON5152Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
2 7 26 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE2735$398K$385KDATA REPRESENTS HAMPTON SCHOOL DISTRICTHAMPTON5152Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
2 8 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES2522$451K$425KDATA REPRESENTS NORTH ALLEGHENY SCHOOL DISTRICTMARSHALL TWP, FRANKLIN PARK & MCCANDLESS185162Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
2 8 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES2522$451K$425KDATA REPRESENTS NORTH ALLEGHENY SCHOOL DISTRICTMARSHALL TWP, FRANKLIN PARK & MCCANDLESS185162Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
3 1 3 0 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE2723$300K$278KDATA REPRESENTS MOON & MONTOUR SCHOOL DISTRICTSMOON & MONTOUR173170Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
3 1 3 0 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE2723$300K$278KDATA REPRESENTS MOON & MONTOUR SCHOOL DISTRICTSMOON & MONTOUR173170Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
3 2 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES2524$446K$418KDATA REPRESENTS MT. LEBANON & UPPER SAINT CLAIR SCHOOL DISTRICTSMT. LEBANON & UPPER SAINT CLAIR196156Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
3 2 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES2524$446K$418KDATA REPRESENTS MT. LEBANON & UPPER SAINT CLAIR SCHOOL DISTRICTSMT. LEBANON & UPPER SAINT CLAIR196156Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
3 5 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE4049$275K$240KDATA REPRESENTS RIVERVIEW SCHOOL DISTRICTOAKMONT & VERONA3728Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
3 5 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE4049$275K$240KDATA REPRESENTS RIVERVIEW SCHOOL DISTRICTOAKMONT & VERONA3728Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
3 6 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES2726$526K$509KDATA REPRESENTS PETERS TOWNSHIP SCHOOL DISTRICTPETERS TOWNSHIP6865Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
3 6 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES2726$526K$509KDATA REPRESENTS PETERS TOWNSHIP SCHOOL DISTRICTPETERS TOWNSHIP6865Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
39 3 8 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEDATA REPRESENTS PINE RICHLAND SCHOOL DISTRICT2442$543K$545KPINE-RICHLAND AREA7075Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
39 3 8 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEDATA REPRESENTS PINE RICHLAND SCHOOL DISTRICT2442$543K$545KPINE-RICHLAND AREA7075Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
41 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE3429$285K$265KDATA PULLED BY AREA: PLUM BORO & MURRYSVILLEPLUM BORO & MURRYSVILLE 132134Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
41 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE3429$285K$265KDATA PULLED BY AREA: PLUM BORO & MURRYSVILLEPLUM BORO & MURRYSVILLE 132134Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
4 2 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES3847$519K$335KDATA REPRESENTS QUAKER VALLEY SCHOOL DISTRICTSEWICKLEY5358Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
4 2 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES3847$519K$335KDATA REPRESENTS QUAKER VALLEY SCHOOL DISTRICTSEWICKLEY5358Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
4 5 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE2522$285K$260KDARA REPRESENTS SHALER SCHOOL DISTRICTSHALER123109Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
4 5 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE2522$285K$260KDARA REPRESENTS SHALER SCHOOL DISTRICTSHALER123109Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
47 46 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE4445$383K$410KDATA PULLED BY ZIP CODESQUIRREL HILL, SHADYSIDE, & GREENFIELD94106Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
47 46 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICE4445$383K$410KDATA PULLED BY ZIP CODESQUIRREL HILL, SHADYSIDE, & GREENFIELD94106Q3 2023 SALES Q3 2023 DOMQ3 2024 SALES Q3 2024 DOM
4 8 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES4843$346K$335KDATA PULLED BY ZIP CODETHE STRIP DISTRICT, LAWRENCEVILLE & STANTON HEIGHTS6358Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
4 8 Q3 2023 MEDIAN SALES PRICEQ3 2024 MEDIAN SALES PRICEQ3 2024 SALES4843$346K$335KDATA PULLED BY ZIP CODETHE STRIP DISTRICT, LAWRENCEVILLE & STANTON HEIGHTS6358Q3 2023 SALES Q3 2023 DOMQ3 2024 DOM
FRESH PAINTSTRATEGIC STAGINGMaximize the value of your home.Compass Concierge helps you sell your home faster and for a higher price. From painting to ooring, Concierge can help transform your home.COSMETIC RENOVATIONSLearn more and get started HERE.Rules & Exclusions apply. Compass offers no guarantee or warranty of results. Subject to additional terms and conditions.
FRESH PAINTSTRATEGIC STAGINGMaximize the value of your home.Compass Concierge helps you sell your home faster and for a higher price. From painting to ooring, Concierge can help transform your home.COSMETIC RENOVATIONSLearn more and get started HERE.Rules & Exclusions apply. Compass offers no guarantee or warranty of results. Subject to additional terms and conditions.
6021 Wallace Rd Ext Ste 201| Wexford, PA 15090(724) 318-6681 | (412) 980-5654Copyright 2024. You may not copy, reproduce, distribute, publish, display, modify, create derivative works, transmit, or in any way use any such content in this Market Report, nor may you distribute any part of this content without permission from Compass.Source: All quarterly neighborhood stats are pulled for all residential criteria through WPML and denoted on each page how the data was pulled.Compass RE is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. This is not intended to solicit property already listed. Photos may be virtually staged or digitally enhanced and may not re lect actual property conditions. 6425 Living Place, Suite 200, Pittsburgh, PA 15206