Is Pine Hill, NJ 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 Hill was a Neutral Market.
Key Takeaway
Pine Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Hill, NJ
How much do homes in Pine Hill, NJ cost?
Median Sold Price
$245,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pine Hill have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Pine Hill was $245,000 in March 2024, up 17.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $205K | +241.7% |
| 2 Bedrooms | $155K | $165K | +6.5% |
| 3 Bedrooms | $217.1K | $251.5K | +15.8% |
| 4 Bedrooms | $265.9K | $300K | +12.8% |
| 5+ Bedrooms | $345.9K | $355K | +2.6% |
Summary: Pine Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 241.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Pine Hill | $208K | $245K | +17.8% |
| Berlin | $315K | $355.5K | +12.9% |
| Clementon | $217.5K | $240K | +10.3% |
| Lindenwold | $224.9K | $240K | +6.7% |
Housing Supply in Pine Hill, NJ
How many homes are available in Pine Hill, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 58 | +16.0% |
Summary: The Pine Hill real estate market had 58 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Pine Hill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Hill, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Pine Hill in March 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Pine Hill, NJ
How long does it take to sell a home in Pine Hill, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 14 Days | -9.1% |
Summary: Homes in Pine Hill had an average of 14 days on market in Mar 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine Hill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Pine Hill; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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