Is Pine Grove, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Grove is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Pine Grove has remained a Seller's Market.

Key Takeaway

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

How much do homes in Pine Grove, PA cost?

Median Sold Price

$121,000

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$51,500(-29.9%)

Key Takeaway

Homes in Pine Grove have sold for 29.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$101.5K
N/A
2 $141.5K$88.5K
-37.5%
3 $100K$145.2K
+45.3%
4 $205K$44.9K
-78.1%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Pine Grove Township
-3.3%
Pine Grove
-29.9%

How many homes are available in Pine Grove, PA?

Number of Homes For Sale

Oct 2022Nov 2022%
1411-21.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 11
0.0%
3 107
-30.0%
4 11
0.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Grove, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
11 Days98 Days+790.9%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pine Grove has remained consistent over time.

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

About Pine Grove, PA

There are 11 homes are for sale in Pine Grove, PA real estate market. The number of listings in Pine Grove, PA decreased by 21.4% between October 2022 and November 2022. The median list price of listings available in November 2022 was $121,000, while the average time on the real estate market was 98 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went down by 37.5%, 3 bedrooms properties became 45.3% more expensive, the cost of 4 bedrooms properties went down by 78.1%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 30%, 4 bedrooms homes inventory did not change, number of 5 bedrooms homes remained the same. While more than 0 listings in Pine Grove, PA in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 0 were sold below.