Is Pine Grove Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Grove Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Pine Grove Township has remained a Seller's Market.

Key Takeaway

Pine Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pine Grove Township, PA

How much do homes in Pine Grove Township, PA cost?

Median Sold Price

$234,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$29,000(+14.1%)

Key Takeaway

Homes in Pine Grove Township have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Pine Grove Township was $234,000 in April 2024, up 14.1% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $131K$152.5K
+16.4%
2 $165K$188.5K
+14.2%
3 $205.7K$290K
+40.9%
4 $282K$349.9K
+24.1%
5+ $458.7K$276.5K
-39.7%

Summary: Pine Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes decreased by 39.7%.

Median Sold Price Compared To Nearby Cities

Pine Grove
+35.7%
Pine Grove Township
+14.1%
Washington Township
+3.9%
Fredericksburg
+3.5%

Housing Supply in Pine Grove Township, PA

How many homes are available in Pine Grove Township, PA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2016-20.0%

Summary: The Pine Grove Township real estate market had 16 homes for sale in April 2024, a 20.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 128
-33.3%
4 34
+33.3%
5+ 23
+50.0%

Summary: The Pine Grove Township 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 decreased by 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Grove Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Pine Grove Township in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for Pine Grove Township, PA

How long does it take to sell a home in Pine Grove Township, PA?

Average Sale Time

Apr 2023Apr 2024CHANGE
5 Days15 Days+185.0%

Summary: Homes in Pine Grove Township had an average of 15 days on market in Apr 2024, up by 185% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 5 homes were sold in Pine Grove Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Pine Grove Township, PA

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