Is Pine, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pine has remained a Seller's Market.
Housing Prices in Pine, AZ
How much do homes in Pine, AZ cost?
Median Sold Price
$480,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pine was $480,000 in May 2024, up 1% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $287K | -13.0% |
2 Bedrooms | $444.8K | $440K | -1.1% |
3 Bedrooms | $536K | $595K | +11.0% |
4 Bedrooms | $660K | $652.5K | -1.1% |
5+ Bedrooms | $575K | $759.9K | +32.2% |
Summary: Pine housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 32.2%.
Median Sold Price Compared To Nearby Cities
Camp Verde-Sedona | $776.2K | $950K | +22.4% |
Cordes Lakes-Mayer | $325K | $359K | +10.5% |
Happy Jack | $505K | $555K | +9.9% |
Pine | $475.2K | $480K | +1.0% |
Housing Supply in Pine, AZ
How many homes are available in Pine, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 73 | +25.9% |
Summary: The Pine real estate market had 73 homes for sale in May 2024, a 25.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 22 | 28 | +27.3% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Pine in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pine, AZ
How long does it take to sell a home in Pine, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 79 Days | +22.3% |
Summary: Homes in Pine had an average of 79 days on market in May 2024, up by 22.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Pine; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.