Is Pine Point, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pine Point has remained a Seller's Market.
Key Takeaway
Pine Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Point, MA
How much do homes in Pine Point, MA cost?
Median Sold Price
$261,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pine Point have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Pine Point was $261,000 in April 2024, up 8.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $217K | +14.2% |
| 3 Bedrooms | $242.5K | $260K | +7.2% |
| 4 Bedrooms | $283K | $285K | +0.7% |
| 5+ Bedrooms | $285K | $322.5K | +13.2% |
Summary: Pine Point 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 increased by 14.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Boston Road | $245K | $293K | +19.6% |
| Upper Hill | $251.2K | $295K | +17.4% |
| Pine Point | $240K | $261K | +8.8% |
| Sixteen Acres | $271.5K | $295K | +8.7% |
| Bay | $254.7K | $265K | +4.0% |
Housing Supply in Pine Point, MA
How many homes are available in Pine Point, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The Pine Point real estate market had 40 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Pine Point 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 decreased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Point, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Pine Point in April 2024, up by 55.6% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Pine Point, MA
How long does it take to sell a home in Pine Point, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 48 Days | +40.0% |
Summary: Homes in Pine Point had an average of 48 days on market in Apr 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine Point are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Pine Point; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
