Is Pine Brook, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Brook is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Pine Brook was a Buyer's Market.

Key Takeaway

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

Housing Prices in Pine Brook, NJ

How much do homes in Pine Brook, NJ cost?

Median Sold Price

$890,000

-

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$142,500(+19.1%)

Key Takeaway

Homes in Pine Brook have sold for 19.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $460K-
N/A
3 $638.5K$685K
+7.3%
4 $742.5K$875K
+17.8%
5+ $875K$1.1M
+34.3%

Summary: Pine Brook housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 34.3%.

Median Sold Price Compared To Nearby Cities

Lake Hiawatha
+33.4%
Pine Brook
+19.1%
Montville Township
+17.5%
Fairfield
+16.0%
Fairfield Township
+15.2%

Housing Supply in Pine Brook, NJ

How many homes are available in Pine Brook, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1110-9.1%

Summary: The Pine Brook real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 43
-25.0%
5+ 33
0.0%

Summary: The Pine Brook housing inventory by bedroom type for November 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 decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Brook, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Pine Brook in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Pine Brook, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Pine Brook, NJ

Nearby Markets to Pine Brook, NJ

What housing markets are near Pine Brook, NJ?