Is Pine Top, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pine Top was a Seller's Market.
Key Takeaway
Pine Top 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 Pine Top, VA
How much do homes in Pine Top, VA cost?
Median Sold Price
$395,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pine Top have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Pine Top was $395,000 in March 2024, up 6.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $550K | +252.6% |
| 2 Bedrooms | $351K | $365K | +4.0% |
| 3 Bedrooms | $371.7K | $392K | +5.4% |
| 4 Bedrooms | $665K | $500K | -24.8% |
| 5+ Bedrooms | $1.4M | $1.8M | +26.6% |
Summary: Pine Top housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 252.6%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes increased by 26.6%.
Median Sold Price Compared To Nearby Cities
| Hartfield | $307.5K | $405.9K | +32.0% |
| Pine Top | $371.7K | $395K | +6.3% |
| Hardyville | $406.2K | $380.6K | -6.3% |
Housing Supply in Pine Top, VA
How many homes are available in Pine Top, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 45 | +18.4% |
Summary: The Pine Top real estate market had 45 homes for sale in March 2024, a 18.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Pine Top 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 increased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Top, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pine Top in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Pine Top, VA
How long does it take to sell a home in Pine Top, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 60 Days | +123.3% |
Summary: Homes in Pine Top had an average of 60 days on market in Mar 2024, up by 123.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine Top are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Pine Top; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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