Is Piedmont Pines, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piedmont Pines is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Piedmont Pines was a Seller's Market.

Key Takeaway

Piedmont Pines is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Piedmont Pines, CA

How much do homes in Piedmont Pines, CA cost?

Median Sold Price

$1,452,500

$613/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$147,500(-9.2%)

Key Takeaway

Homes in Piedmont Pines have sold for 9.2% less than they did a year ago.

Summary: The median home sold price in Piedmont Pines was $1,452,500 in October 2024, down 9.2% from last year, and the median price per square foot was $613.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$415K
N/A
2 $1.1M$980K
-10.9%
3 $1.6M$1.3M
-19.4%
4 $1.7M$1.6M
-5.7%
5+ $1.5M-
N/A

Summary: Piedmont Pines housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Montclair
-3.7%
Piedmont Pines
-9.2%
Shephard Canyon
-20.0%

Housing Supply in Piedmont Pines, CA

How many homes are available in Piedmont Pines, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1315+15.4%

Summary: The Piedmont Pines real estate market had 15 homes for sale in October 2024, a 15.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 44
0.0%
4 68
+33.3%
5+ 21
-50.0%

Summary: The Piedmont Pines housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Piedmont Pines, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Piedmont Pines in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Piedmont Pines, CA

How long does it take to sell a home in Piedmont Pines, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days44 Days+12.7%

Summary: Homes in Piedmont Pines had an average of 44 days on market in Oct 2024, up by 12.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Piedmont Pines has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Piedmont Pines; 0% of homes were sold within 30 days, 100% 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 22 Days Ago

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