$7,124 Closing Credit*
$599,900
3,250 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jenny Smith, Listing Office: Connell & Company Realty Inc.
Is Pine Forest Estates, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pine Forest Estates was a Seller's Market.
Key Takeaway
Pine Forest Estates is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pine Forest Estates, FL
How much do homes in Pine Forest Estates, FL cost?
Median Sold Price
$296,750
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,750(+0.6%)
Key Takeaway
Homes in Pine Forest Estates have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Pine Forest Estates was $296,750 in November 2024, up 0.6% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197.2K | $175K | -11.3% |
| 3 Bedrooms | $287K | $285.5K | -0.5% |
| 4 Bedrooms | $450K | $349.5K | -22.3% |
| 5+ Bedrooms | $599.9K | $650K | +8.3% |
Summary: Pine Forest Estates housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Windsong | $434.5K | $531.9K | +22.4% |
| Gonzalez | $290K | $300K | +3.4% |
| Pine Forest Estates | $295K | $296.7K | +0.6% |
| Ensley | $251.6K | $246.9K | -1.9% |
Housing Supply in Pine Forest Estates, FL
How many homes are available in Pine Forest Estates, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Pine Forest Estates real estate market had 19 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine Forest Estates housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Forest Estates, 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 Forest Estates in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Pine Forest Estates, FL
How long does it take to sell a home in Pine Forest Estates, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 25 Days | +920.0% |
Summary: Homes in Pine Forest Estates had an average of 25 days on market in Nov 2024, up by 920% 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
Key Takeaway
Many homes in Pine Forest Estates are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Pine Forest Estates; 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.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.