Is Pine, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Pine has remained a Seller's Market.

Key Takeaway

Pine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pine, AZ

How much do homes in Pine, AZ cost?

Median Sold Price

$370,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$1,000(-0.3%)

Key Takeaway

The sold price of homes in Pine has remained the same since last year.

Summary: The median home sold price in Pine was $370,000 in May 2024, down 0.3% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $273.5K$262K
-4.2%
3 $385K$380K
-1.3%
4 $434.5K$430K
-1.0%
5+ $464K$575K
+23.9%

Summary: Pine housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 23.9%.

Median Sold Price Compared To Nearby Neighborhoods

Springer Ranch
+0.9%
Pine
-0.3%

Housing Supply in Pine, AZ

How many homes are available in Pine, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8882-6.8%

Summary: The Pine real estate market had 82 homes for sale in May 2024, a 6.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2323
0.0%
3 4845
-6.3%
4 1613
-18.8%
5+ 11
0.0%

Summary: The Pine 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2825-10.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Pine in May 2024, down by 10.7% month-over-month. Of the 25 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% 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

May 2023May 2024CHANGE
27 Days49 Days+81.8%

Summary: Homes in Pine had an average of 49 days on market in May 2024, up by 81.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pine has remained consistent over time.

Summary: During May 2024, 25 homes were sold in Pine; 36% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Pine, AZ

Nearby Markets to Pine, AZ