Is Pine Hills, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pine Hills was a Seller's Market.
Key Takeaway
Pine Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pine Hills, GA
How much do homes in Pine Hills, GA cost?
Median Sold Price
$365,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pine Hills have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Pine Hills was $365,000 in May 2024, up 15.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | $213.5K | +5.2% |
| 2 Bedrooms | $293.5K | $302.5K | +3.0% |
| 3 Bedrooms | $565K | $568.5K | +0.6% |
| 4 Bedrooms | $829K | $780K | -5.9% |
| 5+ Bedrooms | $1.5M | $1.2M | -21.0% |
Summary: Pine Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Neighborhoods
| The Plantation at Lenox | $292.5K | $340K | +16.2% |
| Pine Hills | $315K | $365K | +15.9% |
Housing Supply in Pine Hills, GA
How many homes are available in Pine Hills, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 109 | +29.8% |
Summary: The Pine Hills real estate market had 109 homes for sale in May 2024, a 29.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 21 | +40.0% |
| 2 Bedrooms | 39 | 51 | +30.8% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Pine Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Hills, 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 Hills in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Pine Hills, GA
How long does it take to sell a home in Pine Hills, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 39 Days | -20.9% |
Summary: Homes in Pine Hills had an average of 39 days on market in May 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pine Hills are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Pine Hills; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.