Is Pine Grove, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Pine Grove was a Neutral Market.
Key Takeaway
Pine Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Grove, PA
How much do homes in Pine Grove, PA cost?
Median Sold Price
$194,500
$148/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Pine Grove have sold for 23.7% less than they did a month ago.
Summary: The median home sold price in Pine Grove was $194,500 in March 2024, down 23.7% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $67K | $200K | +198.5% |
| 3 Bedrooms | $288.5K | $207K | -28.2% |
| 4 Bedrooms | - | $171K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Pine Grove housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 198.5%, 3 bedroom homes decreased by 28.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Pine Grove, PA
How many homes are available in Pine Grove, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Pine Grove real estate market had 21 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Pine Grove 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 decreased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pine Grove in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Pine Grove, PA
How long does it take to sell a home in Pine Grove, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 40 Days | +71.8% |
Summary: Homes in Pine Grove had an average of 40 days on market in Mar 2024, up by 71.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pine Grove has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Pine Grove; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
