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32 Data Points. One Right Price.

How Do Realtors Price a House?

We price every Pittsburgh home using 32 data points, from comparable sales and price reduction history to lot grade, home systems, and municipality services. Here's exactly what we look at, and how the same research shapes the way we market your home.

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WHY PRICING TAKES US HOURS

We Spend Hours
Pricing Your Home

When we tell other agents we spend hours pricing a home, they look at us like we're nuts.

Most agents we talk to say it takes 10 minutes or less to comp a home. In fact, my first brokerage trained us to hit a button, make a few quick adjustments, and be done in 5-10 minutes.

We passionately believe one of the reasons homes sit on the market is this lack of detail: poor pricing. For most agents, it's luck, not skill or strategy.

The Knox Team vs. A Typical CMA

32 Data Points
Behind Every List Price

A typical comparative market analysis (CMA) looks at two things: what similar homes sold for and whether yours is updated. Here's everything we look at before we recommend a list price. It's one piece of how we sell homes in Pittsburgh.

The 32 data points The Knox Team uses to price a Pittsburgh home, compared with a typical agent CMA
Data PointWhat We're Looking AtThe Knox TeamTypical CMA
Market Data
Comp sales pricesWhat similar nearby homes actually sold for, adjusted for every difference from yours. We drive by every comp, because listing photos don't show the hill or the power lines.✓✓
Comp list price vs. actual sale priceHow far above or below asking similar homes sold, which shows how buyers are reacting to pricing right now.✓✕
Days on market analysisHow long similar homes took to go under contract, and whether the slow ones were overpriced.✓✕
Comp price reduction count & analysisHow many price cuts similar homes took and what they finally sold for.✓✕
Housing value trendsWhether values in your neighborhood are rising, flat, or falling.✓✕
Broader local market trendsInventory, buyer demand, and interest rates across the Pittsburgh market.✓✕
Economic trajectory of the surrounding areaNew businesses, development, and investment that shape where values are headed.✓✕
Lot & Exterior
Lot sizeThe size of your lot on paper.✓✕
TopographyHow much of that lot you can actually use. A quarter acre that's half hillside can give you less yard than a flat eighth of an acre down the street.✓✕
Lot grade (slopes, stairs)The climb from the street to your front door. In Pittsburgh, one side of a street can be level while the other has 38 steps, and buyers price that in.✓✕
Curb appealFirst impressions from the street, online and in person.✓✕
Outdoor amenitiesDecks, patios, pools, and fenced yards.✓✕
Foundation integrityCracking, settling, or water issues that affect value and buyer confidence.✓✕
Parking factorsOff-street parking, driveway space, or street parking only.✓✕
GarageAttached, detached, or none.✓✕
Interior & Systems
Interior condition & layoutOverall condition, updates, and how the home lives.✓✓
Total above-grade square footageFinished living space above ground. Since 2022, Fannie Mae has required appraisers to leave finished and walkout basements out of square footage, which affects a lot of Pittsburgh hillside homes.✓✕
Floor plan flow & layout utilityHow well the space works for the way people live today.✓✕
Quality of interior finishesFlooring, counters, cabinets, and trim.✓✕
Built-in appliances & fixturesAge and condition of what stays with the house.✓✕
Age of HVACHow many years are left before a buyer has to replace it.✓✕
Condition of electrical panelCapacity, age, and anything an inspector will flag.✓✕
Age of water heaterAnother replacement buyers will factor in.✓✕
Deferred maintenance adjustmentsRepairs a buyer will see and subtract from their offer.✓✕
Location & Community
Traffic noise levelsBusy roads, plus nearby commercial operations or power lines that buyers discount.✓✕
Neighborhood crime ratesThird-party crime data, used in pricing only.✓✕
School rankingsSchool performance, and how close and walkable the nearest schools are.✓✕
Commutability & access to public transitDrive times to Downtown and major employers, plus access to the T and bus lines.✓✕
Proximity to shopping & diningWhat's within a short drive or walk.✓✕
Municipality benefitsAllegheny County has 130 municipalities, and services like leaf and yard waste collection, rec centers, and parks vary from one to the next.✓✕
HOA factorsFees, rules, and what they cover.✓✕
Community featuresPools, parks, dog parks, and recreation nearby.✓✕
Total data points322

Pricing Research Becomes Marketing

The Same Research Builds Your Marketing.

This analysis isn't just about pricing your home. It's also our research for how we're going to market it.

When your home is a 5-minute walk to a park or community pool, that doesn't just add monetary value. It adds value to buyers. The problem? Most agents don't highlight these things. Some will put it on a page inside a packet of papers no one is reading. We put every benefit front and center, from leaf collection to Costco being nearby. See everything that goes into our listing marketing plan.

Municipality & Location

Front-And-Center
Benefits

Leaf collection, a nearby Costco, the park down the street. The perks we find while pricing go straight into your listing copy and property website.

01

Commute & Transit

Marketing Built
Around Your Location

Close to the T or an easy drive Downtown? We build your ads and listing copy around that advantage so the right buyers notice.

02

Lot & Exterior

Shot To Show
What Matters

A rare flat backyard on a Pittsburgh hill gets the drone shot. Whatever sets your home apart in the data gets the spotlight in your photos and video.

03

Real Estate Sucked. So we fixed it.

Good Neighbors Cobalt Logo

Real Good Neighbors
VIP Membership For Life

Most agents open a door or stick a sign in the yard. Our clients get Lifetime Members In Our Real Good Neighbors VIP Program, because we want to be there for you before, during, and after you home transaction - providing things other brokerages make you pay for.

It's the exclusive Knox Team client program: eleven benefits and counting that protect your investment, simplify your move, and keep working long after you have the keys. All included at no extra cost. 

Learn More

When you sell

  • $75K Seller’s Shield coverage after you sell
  • Seller's Home Warranty
  • Home Warranty + Re-Key Service For Your Buyer
  • Easy Exit Guarantee
  • Listing Concierge

When you buy

  • 1-year home warranty
  • Free rekey service
  • Love It or List It Free Guarantee
  • Ai Home Search

After you move in

  • Monthly giveaways
  • Good Neighbors Meet Ups
  • Discount portal
  • AI-powered HomeHub
  • Community Tool Shed: Free Tool Rental For Life (spring 2027)
  • Free Notary services For Life (spring 2027)
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1 Year Home Warranty

Coverage and peace of mind from day one.

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$100 Rekey Credit

Move in secure, on us.

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Private AI Home Search

Smarter matches. Your data stays yours.

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Expert Negotiation

$100K+ saved for our buyers this year.

Real Good Neighbors VIP

Our clients get more than a sign in the yard and an open door.

Our exclusive client loyalty program with forever benefits. Buy and sell with us, and Real Good Neighbors VIP covers you on both sides of the move, then keeps going after you're settled in.

When you sell

  • $75K Seller’s Shield coverage after you sell
  • Seller’s home warranty
  • Home warranty + rekey service for your buyer
  • Easy Exit Guarantee
  • Listing Concierge

When you buy

  • 1-year home warranty
  • Free rekey service
  • Love It or List It Free Guarantee
  • AI home search

After you move in

  • Monthly giveaways
  • Good Neighbors Meet Ups
  • Discount portal
  • AI-powered HomeHub
  • Community Tool Shed: free tool rental for life (spring 2027)
  • Free notary services for life (spring 2027)

See Everything in Real Good Neighbors VIP

Let's find the price to make you move

Ready To Talk About Selling Your Home?

Get a strategy tailored to your property, your timeline, and your goals, with no pressure. We don't even talk about signing a contract when we meet.

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Get Your Free Valuation

No pressure. No obligation. Tell us a few details about your home, and we'll start crunching numbers and reach out to set up a tour to finalize them. No agent can price a home without seeing it. Beware any that do.

YOUR QUESTIONS ABOUT PRICING A HOME
IN PITTSBURGH ANSWERED

Frequently Asked Questions

Most realtors price a house with a comparative market analysis (CMA). They pull recent sales of similar nearby homes and adjust for differences like size and updates.

We start there, then add 30 more data points, including list-to-sale price trends, price reduction history, lot topography and grade, the age of major systems, and municipality services. The goal is a list price that attracts the most buyers and holds up when the appraiser comes through. You can see all 32 data points in the table above.

A CMA, or comparative market analysis, is a report a real estate agent prepares to estimate what a home will sell for, based on recent sales of similar homes nearby. It's free, and it's what most agents use to set a list price.

The quality of a CMA depends on the work behind it. Some are generated in minutes from an automated tool. Ours takes hours, because we walk your home, drive by every comparable sale, and work through 32 data points before we recommend a price.

A CMA is prepared by a real estate agent to set your list price. An appraisal is prepared by a state-licensed appraiser following federal appraisal standards (USPAP). It's ordered by the buyer's lender after you accept an offer, and in Pennsylvania it typically costs a few hundred dollars.

The two should land close together. When they don't, it's usually because the list price ignored something the appraiser won't. One big one in Pittsburgh: since 2022, Fannie Mae has required appraisers to leave finished and walkout basements out of a home's square footage. We price with that in mind so a low appraisal doesn't derail your sale.

Location, size, and condition affect home value the most, measured against what similar homes nearby are actually selling for.

In Pittsburgh, a few factors matter more than most sellers expect. Lot grade and topography change how much usable yard you have and how many steps it takes to reach your front door. Services vary across Allegheny County's 130 municipalities. And the age of the roof, furnace, and water heater shows up fast in buyer offers.

It depends on who's doing it. Many agents generate a CMA in 5-10 minutes with an automated tool. We spend hours on every home: walking it, driving by the comparable sales, and working through all 32 data points before we recommend a price.

The most common reason a house isn't selling is price. If buyers aren't scheduling showings, or showings aren't turning into offers, the list price is usually out of line with what similar homes offer for the money.

Condition, photos, and marketing matter too. And a price cut doesn't always fix it, because a reduced home has already lost its new-listing momentum. That's why we put the time in up front. If your home sat on the market or your listing expired, we'll show you what the data says went wrong.

Yes. Most realtors will give you a free estimate of your home's value, and so will we, with no obligation. Ours includes a walkthrough of your home, because no agent can accurately price a house they haven't seen.

Start with our home value tool, or call 412-663-3325 to schedule your in-home consultation.