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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinetop is a buyer's market

Buyer's
Market

Difference Since May 2023

Since last year, Pinetop has remained a Buyer's Market.

Key Takeaway

Pinetop is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pinetop, AZ

How much do homes in Pinetop, AZ cost?

Median Sold Price

$605,000

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$62,200(+11.5%)

Key Takeaway

Homes in Pinetop have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Pinetop was $605,000 in May 2024, up 11.5% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $415K$422.5K
+1.8%
3 $519.9K$579.9K
+11.6%
4 $670K$751K
+12.1%
5+ $737.5K$932.5K
+26.4%

Summary: Pinetop 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 increased by 1.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 26.4%.

Median Sold Price Compared To Nearby Cities

Pinetop
+11.5%
Lakeside
0.0%

Housing Supply in Pinetop, AZ

How many homes are available in Pinetop, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3947+20.5%

Summary: The Pinetop real estate market had 47 homes for sale in May 2024, a 20.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 2124
+14.3%
4 1113
+18.2%
5+ 44
0.0%

Summary: The Pinetop 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinetop, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Pinetop in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Pinetop, AZ

How long does it take to sell a home in Pinetop, AZ?

Average Sale Time

May 2023May 2024CHANGE
20 Days39 Days+97.5%

Summary: Homes in Pinetop had an average of 39 days on market in May 2024, up by 97.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 6 homes were sold in Pinetop; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Pinetop, AZ

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