Is Pinehurst, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinehurst is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Pinehurst was a Seller's Market.

Key Takeaway

Pinehurst is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pinehurst, TX

How much do homes in Pinehurst, TX cost?

Median Sold Price

$635,000

$175/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$210,000(+49.4%)

Key Takeaway

Homes in Pinehurst have sold for 49.4% more than they did a month ago.

Summary: The median home sold price in Pinehurst was $635,000 in April 2024, up 49.4% from last month, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $385K$373.5K
-3.0%
4 $480K$645K
+34.4%
5+ $699K$669.9K
-4.2%

Summary: Pinehurst housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes decreased by 4.2%.

Housing Supply in Pinehurst, TX

How many homes are available in Pinehurst, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5457+5.6%

Summary: The Pinehurst real estate market had 57 homes for sale in April 2024, a 5.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1718
+5.9%
4 2325
+8.7%
5+ 1313
0.0%

Summary: The Pinehurst housing inventory by bedroom type for April 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 5.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

7 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 Pinehurst, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Pinehurst in April 2024, down by 30.8% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.

Days on Market for Pinehurst, TX

How long does it take to sell a home in Pinehurst, TX?

Average Sale Time

Mar 2024Apr 2024CHANGE
58 Days39 Days-31.8%

Summary: Homes in Pinehurst had an average of 39 days on market in Apr 2024, down by 31.8% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 9 homes were sold in Pinehurst; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 14 Days Ago

Newest Listings in Pinehurst, TX

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