Is Pine Mountain, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pine Mountain was a Neutral Market.
Key Takeaway
Pine Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Mountain, GA
How much do homes in Pine Mountain, GA cost?
Median Sold Price
$289,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pine Mountain have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Pine Mountain was $289,500 in March 2024, down 7.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $76K | N/A |
| 2 Bedrooms | $134K | $186.1K | +38.9% |
| 3 Bedrooms | $322K | $277.4K | -13.8% |
| 4 Bedrooms | - | $372K | N/A |
| 5+ Bedrooms | $470K | $601.5K | +28.0% |
Summary: Pine Mountain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.9%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 28%.
Housing Supply in Pine Mountain, GA
How many homes are available in Pine Mountain, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Pine Mountain real estate market had 24 homes for sale in March 2024, a 4.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pine Mountain housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Mountain, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Pine Mountain in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Pine Mountain, GA
How long does it take to sell a home in Pine Mountain, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 34 Days | +201.8% |
Summary: Homes in Pine Mountain had an average of 34 days on market in Mar 2024, up by 201.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pine Mountain are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Pine Mountain; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
