Is Pine, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pine has remained a Seller's Market.
Housing Prices in Pine, AZ
How much do homes in Pine, AZ cost?
Median Sold Price
$365,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pine was $365,000 in March 2024, down 4.3% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $279.5K | $256.3K | -8.3% |
3 Bedrooms | $398K | $376K | -5.5% |
4 Bedrooms | $454K | $425K | -6.4% |
5+ Bedrooms | $498K | $562.5K | +13.0% |
Summary: Pine housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 13%.
Housing Supply in Pine, AZ
How many homes are available in Pine, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 81 | +32.8% |
Summary: The Pine real estate market had 81 homes for sale in March 2024, a 32.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 33 | 46 | +39.4% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pine housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 39.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Pine in March 2024, up by 46.7% month-over-month. Of the 22 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Pine, AZ
How long does it take to sell a home in Pine, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 57 Days | -25.5% |
Summary: Homes in Pine had an average of 57 days on market in Mar 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Pine; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.