Is Pine Castle, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Castle is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Pine Castle was a Seller's Market.

Key Takeaway

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

Housing Prices in Pine Castle, FL

How much do homes in Pine Castle, FL cost?

Median Sold Price

$382,500

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,000(+12.7%)

Key Takeaway

Homes in Pine Castle have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Pine Castle was $382,500 in October 2024, up 12.7% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $236.2K$279.9K
+18.5%
3 $339.5K$359.9K
+6.0%
4 $409K$444K
+8.6%
5+ $535K$812.9K
+51.9%

Summary: Pine Castle 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 increased by 18.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 51.9%.

Housing Supply in Pine Castle, FL

How many homes are available in Pine Castle, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2022+10.0%

Summary: The Pine Castle real estate market had 22 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1516
+6.7%
4 22
0.0%
5+ 11
0.0%

Summary: The Pine Castle 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 50%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Castle, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Pine Castle in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Pine Castle, FL

How long does it take to sell a home in Pine Castle, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days52 Days+0.5%

Summary: Homes in Pine Castle had an average of 52 days on market in Oct 2024, up by 0.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Castle are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Pine Castle; 50% of homes were sold within 30 days, 50% 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 17 Days Ago

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