Is Pinon Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pinon Hills has remained a Seller's Market.
Key Takeaway
Pinon Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pinon Hills, CA
How much do homes in Pinon Hills, CA cost?
Median Sold Price
$423,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pinon Hills have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Pinon Hills was $423,500 in May 2024, down 5.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289.5K | $215K | -25.7% |
| 2 Bedrooms | $270K | $345K | +27.8% |
| 3 Bedrooms | $429K | $405K | -5.6% |
| 4 Bedrooms | $484.5K | $550K | +13.5% |
| 5+ Bedrooms | $635K | $580K | -8.7% |
Summary: Pinon Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.7%, 2 bedroom homes increased by 27.8%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Phelan | $448K | $460K | +2.7% |
| Llano | $427K | $422.5K | -1.1% |
| Wrightwood | $450K | $439.5K | -2.3% |
| Mount Baldy-Wrightwood | $462K | $437K | -5.4% |
| Pinon Hills | $450K | $423.5K | -5.9% |
Housing Supply in Pinon Hills, CA
How many homes are available in Pinon Hills, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 41 | +20.6% |
Summary: The Pinon Hills real estate market had 41 homes for sale in May 2024, a 20.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Pinon Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pinon Hills, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pinon Hills in May 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Pinon Hills, CA
How long does it take to sell a home in Pinon Hills, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 39 Days | -7.6% |
Summary: Homes in Pinon Hills had an average of 39 days on market in May 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pinon Hills are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Pinon Hills; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.