Pittsburgh FHA Loan Rates, Closing Costs & Stats

PITTSBURGH, PA

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Pittsburgh's 174 lenders originated 4,280 FHA loans during 2023. The total origination value was $786,900,000, with an average FHA loan value of $183,855.

    Pittsburgh FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Pittsburgh averaged 6.13% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Pittsburgh's average FHA mortgage closing costs are $7,129.

    The average rate for the prior week (2024-12-06) was 6.1% and one month ago for the week of 2024-11-08, the average rate was 6.36%.

    The average rate one year ago was 6.97%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.24%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Pittsburgh FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Pittsburgh level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 559 6.40% $9,145
    UNITED WHOLESALE MORTGAGE, LLC 324 6.38% $10,470
    Citizens Bank 146 6.57% $8,460
    MOVEMENT MORTGAGE, LLC 126 6.90% $9,955
    HOWARD HANNA FINANCIAL SERVICES, INC. 122 6.51% $7,743
    Victorian Finance, LLC 120 6.54% $9,961
    PLAZA HOME MORTGAGE, INC. 117 6.47% $10,191
    STOCKTON MORTGAGE CORPORATION 107 6.71% $9,924
    JLB CORPORATION 103 6.53% $9,679
    NVR Mortgage Finance, Inc. 89 6.11% $13,284
    CROSSCOUNTRY MORTGAGE, LLC 86 6.72% $10,138
    UNION HOME MORTGAGE CORP. 84 6.68% $10,415
    WEST PENN FINANCIAL SERVICE CENTER, INC. 80 6.54% $7,668
    The Huntington National Bank 73 6.73% $7,502
    PENNYMAC LOAN SERVICES, LLC 69 6.30% $10,755
    WELCOME HOME FINANCE, L.P. 69 6.29% $5,187
    EQUITY RESOURCES, INC. 64 6.68% $9,242
    LOANDEPOT.COM, LLC 58 6.44% $11,169
    GUARANTEED RATE AFFINITY, LLC 54 6.66% $9,120
    CARDINAL FINANCIAL 54 6.38% $10,457
    PNC Bank 53 6.71% $6,786
    Mr. Cooper ( Nationstar Mortgage ) 52 6.09% $12,244
    BROKER SOLUTIONS, INC. 52 6.73% $10,533
    AFFORDABLE MORTGAGE ADVISORS, LLC. 48 6.70% $9,291
    FREEDOM MORTGAGE CORPORATION 48 7.03% $10,827
    DEVELOPER'S MORTGAGE COMPANY 44 6.81% $5,453
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 43 6.91% $10,440
    NEWREZ LLC 42 6.56% $10,053
    GUARANTEED RATE, INC. 35 6.49% $9,916
    Union Savings Bank 35 6.71% $7,082
    RELIANCE FIRST CAPITAL, LLC 34 6.41% $9,999
    Flagstar Bank, FSB 33 6.65% $9,390
    FEDERATED MORTGAGE CORP. 29 6.77% $8,008
    AMERISAVE MORTGAGE CORPORATION 27 6.33% $13,607
    GUILD MORTGAGE COMPANY 26 6.43% $10,976
    Equity Prime Mortgage LLC 26 6.66% $10,593
    MUTUAL OF OMAHA MORTGAGE, INC. 25 6.68% $13,214
    First Commonwealth Bank 24 6.42% $8,065
    Dollar Bank, Federal Savings Bank 24 6.65% $7,031
    Mortgage Research Center, LLC 24 7.16% $5,690
    Carrington Mortgage Services, LLC 21 6.57% $10,106
    ALLIED MORTGAGE GROUP, INC. 19 6.57% $10,340
    TOWNE MORTGAGE COMPANY 19 6.35% $9,037
    Sail Mortgage Corp. 18 6.43% $7,409
    AMERICAN FINANCIAL NETWORK, INC. 18 6.73% $13,042
    PLANET HOME LENDING, LLC 17 6.31% $12,767
    Ixonia Bank 17 7.33% $8,782
    PRIMELENDING, A PLAINSCAPITAL COMPANY 17 6.70% $10,399
    NORWICH COMMERCIAL GROUP, INC. 16 6.73% $11,757
    LAKEVIEW LOAN SERVICING, LLC 16 6.44% $10,550
    LOANPAL, LLC 16 5.96% $9,848
    Univest Bank and Trust Co. 15 6.75% $7,132
    KeyBank 15 6.42% $7,165
    HOMEBRIDGE FINANCIAL SERVICES, INC. 15 6.43% $7,006
    BAY EQUITY LLC 14 6.81% $8,371
    CMG MORTGAGE, INC. 14 7.19% $11,102
    AMCAP MORTGAGE, LTD. 13 6.20% $10,542
    Nations Lending Corporation 12 6.80% $7,986
    ROYAL UNITED MORTGAGE LLC 11 7.00% $10,038
    JPMorgan Chase Bank 11 6.63% $5,197
    ZILLOW HOME LOANS, LLC 10 6.60% $10,208
    EMM LOANS LLC 9 6.64% $11,823
    Plains Commerce Bank 9 6.15% $11,177
    WesBanco 9 6.40% $6,055
    Bank of England 9 6.29% $9,600
    TOP FLITE FINANCIAL, INC. 8 7.03% $10,732
    AMERICAN FINANCING CORPORATION 8 6.14% $11,099
    EVANSVILLE TEACHERS 7 6.34% $6,236
    MICHIGAN MUTUAL, INC. 7 6.39% $9,606
    VILLAGE CAPITAL MORTGAGE 7 5.55% $13,284
    CONTOUR MORTGAGE CORPORATION 7 7.02% $10,416
    Prosperity Home Mortgage, LLC 7 6.82% $10,804
    Barrington Bank & Trust Company, N.A. 7 6.89% $8,294
    NATIONWIDE MORTGAGE BANKERS, INC. 6 6.60% $12,046
    Paramount Residential Mortgage Group, Inc. 6 6.77% $10,502
    NFM, INC. 6 7.04% $9,869
    First National Bank of Pennsylvania 6 6.19% $9,244
    EVERETT FINANCIAL, INC. 6 6.96% $13,549
    M&T Bank 5 6.38% $8,624
    RUOFF MORTGAGE COMPANY, INC. 5 6.15% $5,163
    HOMESIDE FINANCIAL, LLC 5 6.68% $11,078
    AmeriServ Financial Bank 5 5.83% $9,664
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.45% $11,482
    U.S. Bank 5 6.30% $11,046
    MILEND, INC. 5 6.53% $13,869
    CHURCHILL MORTGAGE CORPORATION 4 6.41% $11,066
    AmeriHome Mortgage Company, LLC 4 6.00% $12,255
    Gateway First Bank 4 7.38% $6,433
    NATIONS DIRECT MORTGAGE, LLC 4 7.03% $9,784
    LIBERTY HOME MORTGAGE CORPORATION 4 7.09% $9,677
    SUN WEST MORTGAGE COMPANY, INC. 4 6.56% $10,702
    SOUTHPOINT FINANCIAL SERVICES, INC. 4 6.38% $6,128
    EMBRACE HOME LOANS, INC. 4 6.69% $11,301
    TIDEWATER MORTGAGE SERVICES, INC. 4 6.94% $8,401
    Century Mortgage Company DBA Century Lending Company 3 6.83% $10,796
    Wells Fargo Bank 3 6.96% $8,343
    CALIBER HOME LOANS, INC. 3 6.38% $11,613
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.75% $12,401
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 7.08% $9,491
    GSF Mortgage Corporation 3 6.42% $9,527
    TOTAL MORTGAGE SERVICES, LLC 3 6.42% $12,403
    JMAC LENDING, INC. 3 6.96% $9,917
    RESIDENTIAL HOME FUNDING CORP. 2 6.44% $12,446
    HARTFORD FUNDING, LTD. 2 7.00% $8,358
    SOVEREIGN LENDING GROUP INCORPORATED 2 5.88% $11,597
    The Farmers National Bank of Canfield 2 6.31% $7,212
    The Federal Savings Bank 2 6.25% $15,877
    DHI MORTGAGE COMPANY, LTD. 2 5.75% $10,765
    First Federal Bank of the Midwest 2 5.25% $8,311
    NEW DAY FINANCIAL, LLC 2 7.62% $9,481
    Princeton Mortgage Corporation 2 6.56% $9,711
    BETTER MORTGAGE CORPORATION 2 6.50% $12,902
    PENTAGON FEDERAL CREDIT UNION 2 6.56% $6,669
    American Mortgage & Equity Consultants, Inc. 2 7.31% $15,334
    US MORTGAGE CORPORATION 2 5.69% $13,957
    POLARIS HOME FUNDING CORP. 2 7.13% $19,331
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.50% $12,732
    Northwest Bank 2 6.13% $8,470
    Colonial Savings, F.A. 2 6.88% $19,736
    Magnolia Bank 2 6.13% $20,064
    Lakeview Community Capital, LLC 2 6.37% $11,392
    1ST SIGNATURE LENDING, LLC 1 6.25% $9,927
    GENEVA FINANCIAL, LLC 1 7.50% $12,218
    GUARANTY HOME MORTGAGE CORPORATION 1 5.75% $8,574
    Franklin Loan Corporation 1 5.75% $15,834
    HOMESPIRE MORTGAGE CORPORATION 1 7.25% $7,155
    Hometown Equity Mortgage, LLC 1 5.75% $5,600
    FIRST HOME MORTGAGE CORPORATION 1 7.25% $6,169
    Integrity Home Mortgage Corp 1 7.00% $14,338
    INTERCOASTAL MORTGAGE COMPANY 1 7.25% $6,832
    FIRST HERITAGE FINANCIAL, LLC 1 6.49% $8,572
    Fifth Third Bank 1 7.00% $8,633
    Keystone Funding, Inc. 1 6.63% $4,770
    Leader Bank 1 7.63% $14,588
    LEGEND LENDING CORPORATION 1 6.75% $15,657
    MEMBER FIRST MORTGAGE, LLC 1 7.00% $7,771
    Meridian Bank Corporation 1 7.13% $6,516
    MLB RESIDENTIAL LENDING, LLC 1 6.25% $8,029
    Mortgage America, Inc. 1 5.63% $6,933
    East Coast Capital Corp. 1 6.63% $10,559
    DAS Acquisition Company, LLC 1 7.13% $11,942
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 7.25% $7,091
    CORNERSTONE HOME LENDING, INC. 1 6.75% $7,976
    NATIONS RELIABLE LENDING, LLC 1 7.25% $10,703
    Neighborhood Loans, Inc. 1 7.63% $18,253
    NETWORK CAPITAL FUNDING CORPORATION 1 7.13% $6,391
    NJ LENDERS CORP. 1 5.25% $11,404
    Northpointe Bank 1 7.13% $12,655
    OAKTREE FUNDING CORP. 1 5.88% $17,485
    ON Q FINANCIAL, INC. 1 7.00% $11,995
    CHERRY CREEK MORTGAGE, LLC 1 6.25% $545
    Peoples Bank 1 7.25% $7,046
    Philadelphia Mortgage Advisors, Inc. 1 6.75% $9,382
    Capital Bank 1 7.25% $6,340
    PREMIA MORTGAGE, LLC 1 6.75% $2,941
    BECKAM FUNDING CORP. 1 6.25% $20,622
    RADIUS FINANCIAL GROUP INC. 1 7.13% $12,204
    RAPID MORTGAGE COMPANY 1 6.63% $11,435
    RESIDENTIAL BANCORP 1 6.75% $12,840
    Residential Mortgage Solutions, Inc. 1 5.38% $11,105
    Bank of America 1 6.88% $3,637
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $13,797
    Simmons Bank 1 5.88% $16,017
    AXIA FINANCIAL, LLC 1 6.75% $14,609
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $5,870
    T2 FINANCIAL LLC 1 7.13% $15,044
    Town Square Mortgage & Investments, Inc. 1 6.63% $3,282
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $23,416
    United Bank 1 6.75% $6,482
    United Fidelity Funding Corp. 1 7.25% $18,837
    Waterstone Mortgage Corporation 1 5.63% $19,268
    Advisors Mortgage Group, L.L.C. 1 7.63% $9,296
    Willamette Valley Bank 1 5.75% $9,544
    George Mason Mortgage, LLC 1 6.25% $13,825

    The top Pittsburgh FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 559 FHA loans originated. Their average total fees are $9,145, which is $1,325 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Pittsburgh FHA lenders (with over 10 loans originated) are WELCOME HOME FINANCE, L.P. ($5,187), JPMorgan Chase Bank ($5,197), DEVELOPER'S MORTGAGE COMPANY ($5,453), Mortgage Research Center, LLC ($5,690) and PNC Bank ($6,786).

    The lowest rate Pittsburgh FHA lenders (with over 10 loans originated) are LOANPAL, LLC (5.96%), Mr. Cooper ( Nationstar Mortgage ) (6.09%), NVR Mortgage Finance, Inc. (6.11%), AMCAP MORTGAGE, LTD. (6.20%) and WELCOME HOME FINANCE, L.P. (6.29%).

    Pittsburgh FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    PITTSBURGH, PA ALLEGHENY 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA ARMSTRONG 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA BEAVER 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA BUTLER 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA FAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA WESTMORELAND 2022 $420,680 $538,650 $651,050 $809,150
    PITTSBURGH, PA ALLEGHENY 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA ARMSTRONG 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA BEAVER 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA BUTLER 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA FAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    PITTSBURGH, PA WESTMORELAND 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Pittsburgh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $169,900 (11.2%) $260,197 (6.9%) 0.63 7,641
    2018-02-01 $169,900 (9.7%) $265,316 (6.6%) 0.62 7,160
    2018-03-01 $179,900 (11.4%) $279,002 (7.6%) 0.63 6,925
    2018-04-01 $184,900 (9.4%) $285,004 (7.5%) 0.63 6,961
    2018-05-01 $188,375 (9.4%) $288,647 (7.4%) 0.63 7,196
    2018-06-01 $184,900 (5.7%) $282,702 (5.0%) 0.62 7,538
    2018-07-01 $183,750 (2.1%) $281,232 (4.0%) 0.61 7,818
    2018-08-01 $182,400 (2.2%) $277,909 (3.9%) 0.61 7,963
    2018-09-01 $179,900 (2.8%) $275,367 (3.8%) 0.60 8,057
    2018-10-01 $179,450 (2.6%) $272,269 (3.9%) 0.61 8,183
    2018-11-01 $174,950 (0.0%) $270,349 (2.6%) 0.59 7,937
    2018-12-01 $169,900 (-0.1%) $272,128 (4.6%) 0.59 7,394
    2019-01-01 $169,900 (0.0%) $272,520 (4.7%) 0.59 6,999
    2019-02-01 $173,700 (2.2%) $278,319 (4.9%) 0.59 6,566
    2019-03-01 $181,929 (1.1%) $289,869 (3.9%) 0.59 6,381
    2019-04-01 $189,450 (2.5%) $297,075 (4.2%) 0.60 6,375
    2019-05-01 $196,000 (4.1%) $302,227 (4.7%) 0.61 6,525
    2019-06-01 $199,900 (8.1%) $304,008 (7.5%) 0.62 6,886
    2019-07-01 $199,900 (8.8%) $301,682 (7.3%) 0.63 7,163
    2019-08-01 $199,655 (9.5%) $299,674 (7.8%) 0.63 7,234
    2019-09-01 $199,286 (10.8%) $297,740 (8.1%) 0.64 7,360
    2019-10-01 $199,000 (10.9%) $297,386 (9.2%) 0.64 7,444
    2019-11-01 $194,000 (10.9%) $299,103 (10.6%) 0.64 7,132
    2019-12-01 $189,900 (11.8%) $296,088 (8.8%) 0.63 6,588
    2020-01-01 $190,125 (11.9%) $303,760 (11.5%) 0.64 6,159
    2020-02-01 $200,000 (15.1%) $317,723 (14.2%) 0.65 5,703
    2020-03-01 $214,950 (18.2%) $327,937 (13.1%) 0.67 5,449
    2020-04-01 $216,850 (14.5%) $325,812 (9.7%) 0.68 5,305
    2020-05-01 $225,000 (14.8%) $329,035 (8.9%) 0.68 5,485
    2020-06-01 $242,500 (21.3%) $349,353 (14.9%) 0.71 5,252
    2020-07-01 $249,450 (24.8%) $358,188 (18.7%) 0.72 4,978
    2020-08-01 $249,000 (24.7%) $355,499 (18.6%) 0.71 4,896
    2020-09-01 $243,950 (22.4%) $355,825 (19.5%) 0.70 4,874
    2020-10-01 $239,900 (20.6%) $357,081 (20.1%) 0.69 4,724
    2020-11-01 $239,450 (23.4%) $354,996 (18.7%) 0.70 4,372
    2020-12-01 $234,900 (23.7%) $358,137 (21.0%) 0.70 3,920
    2021-01-01 $239,000 (25.7%) $368,453 (21.3%) 0.71 3,402
    2021-02-01 $245,000 (22.5%) $390,979 (23.1%) 0.71 2,806
    2021-03-01 $249,900 (16.3%) $405,813 (23.8%) 0.71 2,691
    2021-04-01 $259,812 (19.8%) $412,056 (26.5%) 0.70 2,791
    2021-05-01 $260,000 (15.6%) $407,935 (24.0%) 0.69 2,962
    2021-06-01 $257,075 (6.0%) $395,403 (13.2%) 0.68 3,363
    2021-07-01 $239,900 (-3.8%) $369,072 (3.0%) 0.63 3,912
    2021-08-01 $229,900 (-7.7%) $347,609 (-2.2%) 0.61 4,191
    2021-09-01 $227,000 (-7.0%) $341,042 (-4.2%) 0.61 4,331
    2021-10-01 $225,000 (-6.2%) $341,720 (-4.3%) 0.60 4,241
    2021-11-01 $219,000 (-8.5%) $338,090 (-4.8%) 0.59 3,951
    2021-12-01 $209,900 (-10.6%) $335,818 (-6.2%) 0.57 3,492
    2022-01-01 $205,000 (-14.2%) $343,579 (-6.8%) 0.55 2,992
    2022-02-01 $214,900 (-12.3%) $362,623 (-7.3%) 0.56 2,555
    2022-03-01 $219,950 (-12.0%) $371,259 (-8.5%) 0.55 2,484
    2022-04-01 $225,000 (-13.4%) $373,309 (-9.4%) 0.54 2,600
    2022-05-01 $239,900 (-7.7%) $370,445 (-9.2%) 0.55 3,128
    2022-06-01 $239,900 (-6.7%) $365,436 (-7.6%) 0.53 3,530
    2022-07-01 $239,900 (0.0%) $361,240 (-2.1%) 0.54 4,024
    2022-08-01 $232,500 (1.1%) $349,765 (0.6%) 0.54 4,281
    2022-09-01 $225,000 (-0.9%) $337,936 (-0.9%) 0.53 4,405
    2022-10-01 $219,900 (-2.3%) $328,287 (-3.9%) 0.52 4,582
    2022-11-01 $218,950 (0.0%) $327,304 (-3.2%) 0.53 4,536
    2022-12-01 $209,698 (-0.1%) $324,476 (-3.4%) 0.52 4,186
    2023-01-01 $199,950 (-2.5%) $326,334 (-5.0%) 0.50 3,706
    2023-02-01 $200,000 (-6.9%) $335,855 (-7.4%) 0.48 3,307
    2023-03-01 $215,000 (-2.3%) $347,938 (-6.3%) 0.51 3,156
    2023-04-01 $225,000 (0.0%) $358,425 (-4.0%) 0.52 3,278
    2023-05-01 $238,125 (-0.7%) $370,023 (-0.1%) 0.54 3,241
    2023-06-01 $239,950 (0.0%) $386,111 (5.7%) 0.54 3,496
    2023-07-01 $249,000 (3.8%) $384,586 (6.5%) 0.57 3,671
    2023-08-01 $249,900 (7.5%) $395,709 (13.1%) 0.57 3,831
    2023-09-01 $248,750 (10.6%) $390,618 (15.6%) 0.58 4,075
    2023-10-01 $246,750 (12.2%) $387,649 (18.1%) 0.58 4,358
    2023-11-01 $239,900 (9.6%) $384,098 (17.4%) 0.57 4,431
    2023-12-01 $239,000 (14.0%) $388,298 (19.7%) 0.58 4,175
    2024-01-01 $234,950 (17.5%) $387,140 (18.6%) 0.57 3,837
    2024-02-01 $232,450 (16.2%) $395,913 (17.9%) 0.56 3,509
    2024-03-01 $239,900 (11.6%) $408,105 (17.3%) 0.56 3,496
    2024-04-01 $249,900 (11.1%) $411,961 (14.9%) 0.58 3,499
    2024-05-01 $263,725 (10.8%) $416,635 (12.6%) 0.60 3,741
    2024-06-01 $259,900 (8.3%) $406,082 (5.2%) 0.58 3,990
    2024-07-01 $252,125 (1.3%) $385,240 (0.2%) 0.58 4,422
    2024-08-01 $245,000 (-2.0%) $366,876 (-7.3%) 0.57 4,754
    2024-09-01 $245,000 (-1.5%) $364,207 (-6.8%) 0.58 4,938
    2024-10-01 $244,000 (-1.1%) $361,911 (-6.6%) 0.57 5,197
    2024-11-01 $239,900 (0.0%) $349,584 (-9.0%) 0.58 5,226
    Pittsburgh's median listing price for 2024-11-01 was $239,900, a difference of $0 (0.0%) versus the prior year and $-4,100 versus the prior month.

    Pittsburgh's median listing price comes in at 58% of the national average.

    Pittsburgh's average listing price for 2024-11-01 was $349,584, a difference of $-34,514 (-9.0%) versus the prior year and $-12,327 versus the prior month.

    For the 2024-11-01 period, Pittsburgh had 5,226 MLS listings, a difference of 29 listings (1%) versus the prior month and 795 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pittsburgh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 109 days 1,665 sqft
    2018-02-01 111 days 1,679 sqft
    2018-03-01 96 days 1,704 sqft
    2018-04-01 70 days 1,742 sqft
    2018-05-01 62 days 1,745 sqft
    2018-06-01 57 days 1,726 sqft
    2018-07-01 59 days 1,701 sqft
    2018-08-01 63 days 1,688 sqft
    2018-09-01 69 days 1,696 sqft
    2018-10-01 73 days 1,671 sqft
    2018-11-01 77 days 1,664 sqft
    2018-12-01 88 days 1,644 sqft
    2019-01-01 102 days 1,632 sqft
    2019-02-01 104 days 1,645 sqft
    2019-03-01 88 days 1,674 sqft
    2019-04-01 65 days 1,683 sqft
    2019-05-01 58 days 1,710 sqft
    2019-06-01 57 days 1,723 sqft
    2019-07-01 59 days 1,729 sqft
    2019-08-01 61 days 1,720 sqft
    2019-09-01 65 days 1,709 sqft
    2019-10-01 67 days 1,697 sqft
    2019-11-01 73 days 1,678 sqft
    2019-12-01 87 days 1,659 sqft
    2020-01-01 96 days 1,678 sqft
    2020-02-01 95 days 1,705 sqft
    2020-03-01 74 days 1,718 sqft
    2020-04-01 83 days 1,731 sqft
    2020-05-01 88 days 1,760 sqft
    2020-06-01 83 days 1,796 sqft
    2020-07-01 53 days 1,790 sqft
    2020-08-01 53 days 1,771 sqft
    2020-09-01 53 days 1,739 sqft
    2020-10-01 56 days 1,711 sqft
    2020-11-01 64 days 1,679 sqft
    2020-12-01 74 days 1,679 sqft
    2021-01-01 87 days 1,676 sqft
    2021-02-01 87 days 1,681 sqft
    2021-03-01 65 days 1,700 sqft
    2021-04-01 44 days 1,704 sqft
    2021-05-01 44 days 1,701 sqft
    2021-06-01 40 days 1,692 sqft
    2021-07-01 39 days 1,632 sqft
    2021-08-01 41 days 1,606 sqft
    2021-09-01 46 days 1,599 sqft
    2021-10-01 50 days 1,585 sqft
    2021-11-01 55 days 1,565 sqft
    2021-12-01 65 days 1,554 sqft
    2022-01-01 78 days 1,560 sqft
    2022-02-01 78 days 1,612 sqft
    2022-03-01 57 days 1,609 sqft
    2022-04-01 39 days 1,627 sqft
    2022-05-01 37 days 1,626 sqft
    2022-06-01 37 days 1,621 sqft
    2022-07-01 39 days 1,626 sqft
    2022-08-01 44 days 1,617 sqft
    2022-09-01 50 days 1,587 sqft
    2022-10-01 54 days 1,573 sqft
    2022-11-01 59 days 1,568 sqft
    2022-12-01 72 days 1,548 sqft
    2023-01-01 86 days 1,542 sqft
    2023-02-01 89 days 1,542 sqft
    2023-03-01 64 days 1,573 sqft
    2023-04-01 46 days 1,602 sqft
    2023-05-01 46 days 1,614 sqft
    2023-06-01 47 days 1,636 sqft
    2023-07-01 47 days 1,632 sqft
    2023-08-01 48 days 1,653 sqft
    2023-09-01 51 days 1,620 sqft
    2023-10-01 51 days 1,608 sqft
    2023-11-01 53 days 1,595 sqft
    2023-12-01 66 days 1,571 sqft
    2024-01-01 79 days 1,571 sqft
    2024-02-01 75 days 1,578 sqft
    2024-03-01 55 days 1,592 sqft
    2024-04-01 51 days 1,610 sqft
    2024-05-01 44 days 1,663 sqft
    2024-06-01 44 days 1,648 sqft
    2024-07-01 46 days 1,607 sqft
    2024-08-01 47 days 1,596 sqft
    2024-09-01 50 days 1,590 sqft
    2024-10-01 52 days 1,570 sqft
    2024-11-01 57 days 1,541 sqft
    Pittsburgh's median listing age (time on market) for 2024-11-01 was 57 days. This is 9% longer than the same period one year ago.

    Pittsburgh's median square footage for active listings during the 2024-11-01 period was 1,541 sqft. One year prior, the average listing was 1,595 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).