UPMC’s Big Move, A Cult-Favorite Eatery Arrives, and Two Must-See Homes in Pittsburgh

📉 Market & Interest Rate Snapshot – March 7, 2025

💰 Mortgage Rates Update (as of 3/7/25)

• 30-Year Fixed: 6.70% ⬇️ 0.09%

• 15-Year Fixed: 6.17% ⬇️ 0.04%

• FHA 30-Year: 6.14% ⬇️ 0.05%

• VA 30-Year: 6.16% ⬇️ 0.06%

• 10-Year Treasury: 4.249% ⬇️ 0.02%

📊 Pittsburgh Market Stats This Week (Single-Family Homes)

• 🏡 New Listings: 488 new homes hit the market

• 💰 Median Sale Price: $248,500 (⬆ 13% from $220,000 last week)

• 📉 Average Days on Market: 55 days (⬆ from 53 days last week)

💡 What This Means:

✔️ For Buyers: More homes are hitting the market, but competition remains strong. Be ready to move quickly, especially as rates tick lower.
✔️ For Sellers: Well-priced homes are still moving fast, but overpricing can lead to price reductions. Homes priced right are selling near 98% of list price!

📌 View my full market analysis →
📌 See this week’s new listings →

📌 Special Note: This data includes Allegheny, Butler, Beaver, Washington, and Westmoreland counties. These stats reflect single-family homes only—if you're looking for multi-family investment data, check out the Investor Market Update below!

🎭 What’s Happening in Pittsburgh This Week/end?

Looking for exciting events in Pittsburgh this week? Here are some top picks to add to your calendar:

🏡 Home & Garden:

• Pittsburgh Home & Garden Show – Explore the latest in home improvement, landscaping, and interior design at the annual Pittsburgh Home & Garden Show, running from March 7-16.

🎭 Arts & Entertainment:

• Kraftwerk: Multimedia Tour 2025 – 50 Years of Autobahn – Experience the pioneering electronic band Kraftwerk as they celebrate the 50th anniversary of their groundbreaking album "Autobahn" with a multimedia concert blending music, visuals, and performance art on March 7 at Stage AE Outdoors.

• Kimberly Akimbo – Enjoy this acclaimed Broadway musical running from March 4-9 at the Benedum Center. ​

• Ben Seidman in Good Charlatan – Witness a captivating blend of magic and storytelling from March 5-16 at Liberty Magic. ​

🎶 Music:

• Lisiecki Performs Mozart – Join pianist Jan Lisiecki and the Pittsburgh Symphony Orchestra for an evening of Mozart's music from March 7-9 at Heinz Hall.

🎨 Festivals & Exhibitions:

• History Uncorked: Mirror Ball – Enjoy a night of entertainment, activities, and refreshments across six floors of exhibitions on March 7 at the Heinz History Center.

• Vermiglio – Explore the breathtaking beauty of the Alps in this visionary film screening from March 7-20 at Harris Theater. ​

• For a comprehensive list of events and more details, visit the Pittsburgh Cultural Trust's event calendar.

🏡 Standout Properties of the Week – Homes That Will Blow You Away

🔹 150 Hartwood Dr, Point Breeze – $670,000
Tucked away in one of Point Breeze’s most sought-after enclaves, this mid-century modern masterpiece is a showstopper. With floor-to-ceiling glass walls, nature spills into your living space, offering unmatched tranquility. The Japanese-inspired courtyard feels like a private retreat, and inside, custom built-ins, vaulted ceilings, and sleek hardwood floors create a space that’s as warm as it is stylish. This is the kind of home that makes you rethink what "cozy" can mean.

🔹 5532 Northumberland St, Squirrel Hill – $1,475,000
Step inside one of Squirrel Hill’s crown jewels—a stately Murdoch Farms estate that’s the perfect marriage of historic grandeur and modern luxury. The sun-drenched chef’s kitchen is a dream, featuring quartz counters and high-end appliances, while the soaring ceilings and intricate moldings transport you back to an era of true craftsmanship. Downstairs? A speakeasy-style lounge with a wet bar. Outside? A private backyard oasis built for summer soirées. This is a rare opportunity to own one of the neighborhood’s most coveted homes.

📸 See inside these jaw-dropping homes

🏙️ Local Headlines: What’s Happening in Pittsburgh?

📢 UPMC Pulling Back in Downtown
Pittsburgh’s healthcare giant UPMC is shrinking its downtown footprint, opting not to renew several leases in the Heinz 57 Center. With major office tenants continuing to downsize, this move raises big questions about the future of commercial real estate in the heart of the city. Could this signal more corporate shifts away from downtown, or is it just another sign of the times in the remote-work era?

🥢 SouthSide Works Lands a Legendary Soup Dumpling Spot
If you’re a fan of authentic Shanghainese cuisine, you’re in luck—Nan Xiang Xiao Long Bao just opened its doors at SouthSide Works. The beloved New York-based chain is best known for its delicate, broth-filled dumplings and expertly crafted dim sum. With this addition, SouthSide Works continues its transformation into one of Pittsburgh’s top dining and retail destinations.

🏗️ Springdale’s Power Plant Refuses to Go Quietly
In what can only be described as a demolition fail for the ages, part of Springdale’s old power plant refused to collapse as planned. Crews set off the controlled demolition expecting the entire structure to crumble, but instead, a portion of it stubbornly remained standing—like a defiant Steelers fan after a bad call. As the town looks to move on from its industrial past, this power plant seems to be putting up one last fight.

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