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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Grove Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Pine Grove Township was a Neutral Market.

Key Takeaway

Pine Grove Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pine Grove Township, PA

How much do homes in Pine Grove Township, PA cost?

Median Sold Price

$244,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$19,000(-7.2%)

Key Takeaway

Homes in Pine Grove Township have sold for 7.2% less than they did a year ago.

Summary: The median home sold price in Pine Grove Township was $244,000 in February 2024, down 7.2% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$141.7K
N/A
2 $147.5K$176K
+19.3%
3 $250K$291.5K
+16.6%
4 $310K$360K
+16.1%
5+ $687.5K$330K
-52.0%

Summary: Pine Grove Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 52%.

Median Sold Price Compared To Nearby Cities

Washington Township
-1.6%
Pine Grove Township
-7.2%
Tremont Township
-52.2%

Housing Supply in Pine Grove Township, PA

How many homes are available in Pine Grove Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1520+33.3%

Summary: The Pine Grove Township real estate market had 20 homes for sale in February 2024, a 33.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 79
+28.6%
4 35
+66.7%
5+ 12
+100.0%

Summary: The Pine Grove Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 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 Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Pine Grove Township in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pine Grove Township, PA

How long does it take to sell a home in Pine Grove Township, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
37 Days34 Days-8.1%

Summary: Homes in Pine Grove Township had an average of 34 days on market in Feb 2024, down by 8.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Pine Grove Township; 50% of homes were sold within 30 days, 50% 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 27 Days Ago

Newest Listings in Pine Grove Township, PA

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