Is Pine, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$369,500
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Pine was $369,500 in June 2024, up 1% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $275K | $262.5K | -4.5% |
3 Bedrooms | $375K | $385K | +2.7% |
4 Bedrooms | $430K | $425K | -1.2% |
5+ Bedrooms | $524K | $575K | +9.7% |
Summary: Pine housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Neighborhoods
Springer Ranch | $380K | $395K | +3.9% |
Pine | $366K | $369.5K | +1.0% |
Castle Rock | $284K | $285.7K | +0.6% |
Housing Supply in Pine, AZ
How many homes are available in Pine, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
82 | 74 | -9.8% |
Summary: The Pine real estate market had 74 homes for sale in June 2024, a 9.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 22 | 18 | -18.2% |
3 Bedrooms | 47 | 42 | -10.6% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
26 | 17 | -34.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Pine in June 2024, down by 34.6% month-over-month. Of the 17 sold homes, 24% were sold under asking, 47% were sold at asking, and 29% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
50 Days | 27 Days | -45.2% |
Summary: Homes in Pine had an average of 27 days on market in Jun 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 17 homes were sold in Pine; 47% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.