While housing affordability continues to be a major issue across the U.S., Pittsburgh stands out as a city where homeownership remains within reach for many buyers—especially first-time homeowners.
Strong Demand in the Mid-Range Market
According to data from West Penn Multi-List, homes in the $200,000 to $300,000 range continue to see strong demand in Pittsburgh. In November 2024 alone, 474 homes in this price bracket were sold, up from 455 in November 2023.
Another significant segment is the $100,000 to $160,000 price range, which saw 338 sales in November 2024, slightly down from 347 the previous year but still demonstrating steady buyer interest.
Affordability Sets Pittsburgh Apart
While home prices are skyrocketing in many parts of the country, Pittsburgh remains relatively affordable. The median home price in Allegheny County is $251,000—far below the national median of $420,000. In fact, the majority of home sales in the region fall between $100,000 and $300,000, making homeownership a reality for more buyers.
The National Affordability Crisis
Many parts of the country are not as fortunate as Pittsburgh when it comes to housing affordability. According to a recent Redfin report, four of the five least affordable major metros in the U.S. are in California.
Los Angeles, for example, presents an extreme challenge for homebuyers. In 2024, the median home price in the city is $896,060. Even with a median household income of $92,994, buyers would need to spend a staggering 77.6% of their earnings on monthly housing costs—far beyond the recommended 30% threshold.
Why Pittsburgh Stands Out
As affordability challenges persist nationwide, Pittsburgh continues to offer a rare advantage: a stable housing market with homes at accessible price points. With strong demand in the mid-range market and a median home price well below the national average, Pittsburgh remains a bright spot for buyers looking to secure a home without stretching their finances too thin.
