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 September 2023

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.

Housing Prices in Pine Grove, PA

How much do homes in Pine Grove, PA cost?

Median Sold Price

$255,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$55,050(+27.5%)

Key Takeaway

Homes in Pine Grove have sold for 27.5% more than they did a year ago.

Summary: The median home sold price in Pine Grove was $255,000 in September 2024, up 27.5% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $141.7K-
N/A
2 $145K$168.5K
+16.2%
3 $205K$261K
+27.3%
4 $332.4K$363.9K
+9.5%
5+ $687.5K$330K
-52.0%

Summary: Pine Grove housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 52%.

Median Sold Price Compared To Nearby Cities

Pine Grove
+27.5%
Pine Grove Township
+16.4%

Housing Supply in Pine Grove, PA

How many homes are available in Pine Grove, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2620-23.1%

Summary: The Pine Grove real estate market had 20 homes for sale in September 2024, a 23.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 42
-50.0%
3 1511
-26.7%
4 65
-16.7%
5+ 01
+100.0%

Summary: The Pine Grove housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Grove, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Pine Grove in September 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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

Sep 2023Sep 2024CHANGE
16 Days15 Days-9.1%

Summary: Homes in Pine Grove had an average of 15 days on market in Sep 2024, down by 9.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pine Grove are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Pine Grove; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

Newest Listings in Pine Grove, PA

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