$10,000 Closing Credit*
$915,000
3,133 SqFt
4 Beds
•1 Full Bath, 3 Partial
Kimberlee Martin, Listing Office: RE/MAX Professionals
Is Pine, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Pine has remained a Buyer's Market.
Key Takeaway
Pine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pine, CO
How much do homes in Pine, CO cost?
Median Sold Price
$705,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-1.4%)
Key Takeaway
Homes in Pine have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Pine was $705,000 in October 2024, down 1.4% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $400K | N/A |
| 2 Bedrooms | $509K | $505K | -0.8% |
| 3 Bedrooms | $715K | $647.5K | -9.4% |
| 4 Bedrooms | $715K | $1.0M | +42.4% |
| 5+ Bedrooms | $1.2M | $888.6K | -28.3% |
Summary: Pine 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 0.8%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes decreased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Bailey | $567K | $575K | +1.4% |
| Pine | $715K | $705K | -1.4% |
| South Jefferson | $956.5K | $903.3K | -5.6% |
| Conifer | $847.5K | $800K | -5.6% |
Housing Supply in Pine, CO
How many homes are available in Pine, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 58 | +5.5% |
Summary: The Pine real estate market had 58 homes for sale in October 2024, a 5.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Pine 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 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pine, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pine in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Pine, CO
How long does it take to sell a home in Pine, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 66 Days | -9.0% |
Summary: Homes in Pine had an average of 66 days on market in Oct 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pine has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Pine; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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