Is Pine Township, PA 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 Township has remained a Seller's Market.
Housing Prices in Pine Township, PA
How much do homes in Pine Township, PA cost?
Median Sold Price
$621,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pine Township was $621,000 in May 2024, up 2.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $248K | N/A |
2 Bedrooms | $389.4K | $347.4K | -10.8% |
3 Bedrooms | $385K | $402.5K | +4.5% |
4 Bedrooms | $709K | $627.7K | -11.5% |
5+ Bedrooms | $900K | $983K | +9.2% |
Summary: Pine Township 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 decreased by 10.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Wexford | $441.7K | $495K | +12.1% |
Bradfordwoods | $517.5K | $540K | +4.3% |
Pine Township | $605K | $621K | +2.6% |
Seven Fields | $323.9K | $331.2K | +2.2% |
Housing Supply in Pine Township, PA
How many homes are available in Pine Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 67 | +9.8% |
Summary: The Pine Township real estate market had 67 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Pine Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Pine Township in May 2024, down by 6.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for Pine Township, PA
How long does it take to sell a home in Pine Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 61 Days | +19.7% |
Summary: Homes in Pine Township had an average of 61 days on market in May 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Pine Township; 60% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.