Is Pine Lake, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Lake is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Pine Lake, GA

How much do homes in Pine Lake, GA cost?

Median Sold Price

$340,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$17,700(+5.5%)

Key Takeaway

Homes in Pine Lake have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Pine Lake was $340,000 in February 2024, up 5.5% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $292.5K$307.5K
+5.1%
3 $322.3K$340K
+5.5%
4 -$410K
N/A
5+ $460K-
N/A

Summary: Pine Lake housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pine Lake
+5.5%
Atlanta-Decatur
-3.1%

Housing Supply in Pine Lake, GA

How many homes are available in Pine Lake, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
440.0%

Summary: The Pine Lake real estate market had 4 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Pine Lake housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Pine Lake in February 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pine Lake, GA

How long does it take to sell a home in Pine Lake, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
32 Days4 Days-87.5%

Summary: Homes in Pine Lake had an average of 4 days on market in Feb 2024, down by 87.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pine Lake are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Pine Lake; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

Newest Listings in Pine Lake, GA

Nearby Markets to Pine Lake, GA

What housing markets are near Pine Lake, GA?