Is Pinewood, WA 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, Pinewood was a Neutral Market.
Key Takeaway
Pinewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pinewood, WA
How much do homes in Pinewood, WA cost?
Median Sold Price
$661,295
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pinewood have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Pinewood was $661,295 in March 2024, up 10.2% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $327.5K | -12.7% |
| 3 Bedrooms | $560K | $599.9K | +7.1% |
| 4 Bedrooms | $721.9K | $666.8K | -7.6% |
| 5+ Bedrooms | $762.4K | $774.9K | +1.6% |
Summary: Pinewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in Pinewood, WA
How many homes are available in Pinewood, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 49 | +40.0% |
Summary: The Pinewood real estate market had 49 homes for sale in March 2024, a 40.0% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 7 | 16 | +128.6% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Pinewood 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 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 128.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pinewood, expect to pay close to the asking price. 77.8% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Pinewood in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 11% were sold under asking, 78% were sold at asking, and 11% were sold over asking.
Days on Market for Pinewood, WA
How long does it take to sell a home in Pinewood, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 18 Days | +80.0% |
Summary: Homes in Pinewood had an average of 18 days on market in Mar 2024, up by 80% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pinewood are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Pinewood; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.