Pittsburgh’s Best-Kept Secret Just Got Out — And It Changes Everything

🏡 Real Estate Revelations

May 16, 2025 Edition | Read Online

Some weeks feel like a gentle breeze. This wasn’t one of them.

Pittsburgh’s market is buzzing — listings are popping up, price cuts are spreading, and buyers are navigating rates that just won’t quit. But that's just the start. Our airport’s new terminal just snagged a $20 million boost, the Hill District is getting a much-needed shot of affordable housing, and Allegheny General is pumping $43 million into ER upgrades.

And it’s not just the news making waves. I’ve got a standout East Liberty listing with a backyard (yes, in the city), a fresh batch of can’t-miss weekend events, and a bonus bite featuring one of the best new foodie spots in town.If you're new here, I’m Pittsburgh’s Go-To Realtor, Expert in Luxury Homes & Strategic Real Estate Solutions, and someone who’s proud to combine small-town roots with big-city results. Over the years, I’ve sold millions of dollars worth of real estate, met some incredible people, and had the privilege of helping them buy and sell some truly amazing properties.

Let’s get into it. ⬇️

🏡 Standout Property: 608 N Euclid Ave, Pittsburgh, PA

Listen, you know I’ve seen a lot of homes — it’s literally my job. But this one? This is something special. Let me tell you why:

🌳 A Backyard in the City?!

That’s right — a real backyard. Not some postage stamp with a sliver of grass, but a full, usable backyard complete with a spacious deck for grilling, lounging, or letting your dog live their best life. In the heart of East Liberty. You don’t find that every day.

🌞 A Sunroom That Soaks Up All the Light

If you’re anything like me, you love a room where you can curl up with a coffee and soak up natural light. This three-season sunroom is exactly that — a perfect little escape without even stepping outside.

🍽️ A Kitchen That Brings People Together

The exposed brick? Stunning. The massive island? Ready for brunch spreads, dinner parties, or just catching up with friends over a bottle of wine. It’s a perfect blend of classic character and modern elegance.

🛏️ Room to Spread Out, Relax, and Work

Five bedrooms. Three full baths and a half bath. Whether you’re working from home, starting a family, or just need space to stretch out — you’re set. The primary suite is a dream with its walk-in closet, soaking tub, and dual sinks.

🚶 Walk to Everything

East Liberty is your playground — Bakery Square, Whole Foods, Duolingo, all just a short stroll away. You get the buzz of city life, but tucked into a quiet, tree-lined street. Best of both worlds.

💰 Listed at $735,000.

🔗 See Full Listing Here: View Property Listing

📊 Market Snapshot: May 16, 2025

🔻 Mortgage Rates: Slight Decline but Still High

Rates ticked down ever so slightly this week, but we’re still hovering around 7%. Here's the latest:

📉 Market Activity: Listings Surge, Price Cuts Climb

The local market is buzzing with activity as sellers try to stay competitive.

• 🆕 New Listings: 888 (⬆️ from 760 last week)

• 📉 Price Reductions: 585 (⬇️ Slight dip from 596 last week)

• 🏡 Homes Sold: 663 (⬆️ Up from 625 last week)

• 📦 Under Contract: 292 (⬇️ Slight dip from 329 last week)

• ⏳ Median Days on Market: 21 (Holding steady)

💰 Sold Properties Breakdown

• Total Sold: 570 homes

• Average List Price: $309,814

• Average Sold Price: $306,066

• SP/LP Ratio: 98.59% (Sellers are getting close to asking)

• Median Days on Market: 21

💡 Key Takeaway:

The market is still moving, but price it right, or prepare to wait. Listings are popping up faster, but buyers are cautious with rates staying high. If you’re selling, staying competitive is key.

🎉 What’s Happening This Weekend in Pittsburgh? 🎉 Weekend Radar: May 16-18, 2025

Looking for something fun this weekend? Here are Pittsburgh’s top events you won’t want to miss:

🥟 Pittsburgh Pierogi Festival 🍴

Celebrate the “City of Dumplings” with pierogies of all kinds — classic, creative, and even dessert-inspired. Plus, grab some pierogi swag at the Pop-Up Pierogi Marketplace.
📍 SouthSide Works
🗓️ May 17
🔗 Learn More & Tickets

🌿 Pittsburgh Healing Festival ✨

Recharge your mind, body, and soul with a day of wellness workshops, holistic vendors, and healing practices.
📍 Pittsburgh (see event page)
🗓️ May 17
🔗 Get Tickets

🚛 Monster Jam 🏁

Feel the roar as monster trucks take over Acrisure Stadium. Expect big trucks, big jumps, and big energy.
📍 Acrisure Stadium
🗓️ May 17
🔗 Get Tickets

🥃 The New Roaring 20s Speakeasy 🍸

Travel back in time with whiskey tastings, trolley rides, and live music. Roaring ‘20s attire encouraged! (21+ event)
📍 Pennsylvania Trolley Museum
🗓️ May 17
🔗 Get Tickets

🍷 2025 First Choice Wine Festival 🍇

Sip and savor wines from local wineries while enjoying delicious bites and live music. A perfect day for wine lovers. (21+ event)
📍 Pittsburgh Shrine Center Pavilion
🗓️ May 17 | 12:00 PM – 5:00 PM
🔗 Get Tickets

📰 Headlines That Matter: May 16, 2025

✈️ Pittsburgh Airport’s New Terminal Secures $20 Million Boost 🚉

The Pittsburgh International Airport’s new terminal project just got a $20 million funding boost, pushing the transformative project closer to completion.
🔗 Read More

💸 Commercial Real Estate Faces Debt Crunch 🏢

As $1.5 billion in commercial real estate loans reach maturity this year, local lenders are feeling the pressure. Is Pittsburgh’s commercial market at risk?
🔗 Read More

🏘️ Affordable Housing Expands in Hill District 🌆

Pittsburgh’s Hill District is set to gain new affordable housing along Centre Avenue, bringing long-awaited revitalization to the neighborhood.
🔗 Read More

🚑 Allegheny General Invests $43 Million in ER Upgrades 🏥

Allegheny General Hospital is planning a $43 million renovation for its emergency room, aiming to enhance patient care and capacity.
🔗 Read More

TL;DR – Your Pittsburgh Weekend Cheat Sheet

For when you're scrolling at red lights (not that you’d admit it)

⚡ TL;DR: Your Quick Hit List

• 🏡 Standout Property: A stunning East Liberty home with classic charm, a backyard (yes, in the city), and a light-filled sunroom. Check it out.

• 📊 Market Snapshot: Mortgage rates dipped slightly (6.92% for 30-year fixed), listings surged to 888, and price reductions hit 585.

• 🎉 Weekend Radar: Dive into the Pittsburgh Pierogi Festival, rev up for Monster Jam, and sip the day away at the First Choice Wine Festival.

• 📰 Headlines That Matter: Pittsburgh Airport’s new terminal secures a $20 million boost, Hill District gets new affordable housing, and Allegheny General invests $43 million in ER upgrades.

💡 Key Takeaway: The market’s still moving, but pricing matters. Buyers are looking, but they’re picky. Price it right, and it sells.

🍽️ Bonus Bite: Nick's on Hilltop – A New Culinary Gem in Mt. Oliver

Looking for a fresh spot to satisfy your cravings? Check out Nick's on Hilltop, a newly opened, Black- and woman-owned restaurant bringing flavor and community spirit to Mt. Oliver.

Opened on May 2, 2025, by former Primanti Bros. managers Megan Varrenti, Tom Hazlip, and Dwayne Reaves, this two-story eatery offers a cozy, coffee shop-style vibe with a menu full of creative comfort food.

Must-try dishes include:

• Fried pickle chips

• Loaded chicken pepper fries

• Aloha burgers

• Classic wings

Nick's is open daily from 11 a.m. to 11 p.m. and is already making waves by partnering with local breweries and community organizations.

📍 Location: 225 Brownsville Road, Mt. Oliver
🔗 Read more about Nick's on Hilltop

🌆 Explore Pittsburgh Like a Pro!
Looking for the best spots in the city without wasting your time on duds? I've done the work (and suffered through the bad) so you don’t have to. Here’s my painstakingly curated list of all my absolute favorites in Pittsburgh — the hidden gems, the must-tries, and the can't-miss classics.

🔗 Browse My City Faves

Thinking About Buying or Selling?

Let’s chat about how to navigate Pittsburgh’s real estate market. Whether you’re looking to buy, sell, or invest, I’m here to help. Hit reply, or schedule a consultation here: 15 Min Consultation

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Thanks for letting me be a part of your inbox this week! I hope you found these insights helpful, whether you're a curious Pittsburgher, a buyer, a seller, or an investor. As always, I’m here to answer any real estate questions or just chat about the market.

Wishing you a wonderful week ahead,
Tim

Tim Pettigrew
Realtor | eXp Realty
📍 Serving Pittsburgh and Surrounding Areas
📞 412-545-6006 | ✉️ [email protected]
🌐 Visit My Website

Disclaimer:
This email is intended for informational purposes only and is not intended to be a solicitation if your property is currently listed with another broker. All real estate information is deemed reliable but not guaranteed. Please consult a professional for specific advice.

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