Is Pine Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pine Lakes was a Seller's Market.
Housing Prices in Pine Lakes, FL
How much do homes in Pine Lakes, FL cost?
Median Sold Price
$350,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pine Lakes was $350,000 in April 2024, down 4.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $284.2K | $275K | -3.3% |
3 Bedrooms | $349.9K | $339.9K | -2.8% |
4 Bedrooms | $419.9K | $399.9K | -4.8% |
5+ Bedrooms | $522.5K | $369K | -29.4% |
Summary: Pine Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 29.4%.
Median Sold Price Compared To Nearby Neighborhoods
Downtown Palm Coast | $237.5K | $310K | +30.5% |
Lehigh Woods | $334.9K | $327.9K | -2.1% |
Pine Grove - Belle Terre | $336.2K | $327.9K | -2.5% |
Pine Lakes | $365K | $350K | -4.1% |
Housing Supply in Pine Lakes, FL
How many homes are available in Pine Lakes, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
198 | 172 | -13.1% |
Summary: The Pine Lakes real estate market had 172 homes for sale in April 2024, a 13.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 111 | 103 | -7.2% |
4 Bedrooms | 78 | 58 | -25.6% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Pine Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 26 | -48.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Pine Lakes in April 2024, down by 48.0% month-over-month. Of the 26 sold homes, 81% were sold under asking, 4% were sold at asking, and 15% were sold over asking.
Days on Market for Pine Lakes, FL
How long does it take to sell a home in Pine Lakes, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 67 Days | +21.6% |
Summary: Homes in Pine Lakes had an average of 67 days on market in Apr 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Pine Lakes; 35% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.