Is Pine Grove, PA 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 Grove was a Seller's Market.
Key Takeaway
Pine Grove 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 Grove, PA
How much do homes in Pine Grove, PA cost?
Median Sold Price
$255,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pine Grove have sold for 41.7% more than they did a year ago.
Summary: The median home sold price in Pine Grove was $255,000 in May 2024, up 41.7% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.7K | - | N/A |
| 2 Bedrooms | $150K | $188.5K | +25.7% |
| 3 Bedrooms | $199.9K | $290K | +45.1% |
| 4 Bedrooms | $342.5K | $255.4K | -25.4% |
| 5+ Bedrooms | $458.7K | $365.4K | -20.3% |
Summary: Pine Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 45.1%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Cities
| Pine Grove | $180K | $255K | +41.7% |
| Pine Grove Township | $206.5K | $255K | +23.5% |
Housing Supply in Pine Grove, PA
How many homes are available in Pine Grove, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Pine Grove real estate market had 19 homes for sale in May 2024, a 26.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pine Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 300%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Grove, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Pine Grove in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Pine Grove, PA
How long does it take to sell a home in Pine Grove, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 21 Days | -42.6% |
Summary: Homes in Pine Grove had an average of 21 days on market in May 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine Grove are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Pine Grove; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
