$3,557 Closing Credit*
$299,500
1,850 SqFt
3 Beds
•2 Full Baths
Paige Bryan, Listing Office: Coldwell Banker Realty
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 October 2023
At the same time last year, Pine Forest Estates was a Seller's Market.
Key Takeaway
Pine Forest Estates is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pine Forest Estates, FL
How much do homes in Pine Forest Estates, FL cost?
Median Sold Price
$296,750
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,750(+2.0%)
Key Takeaway
Homes in Pine Forest Estates have sold for 2% more than they did a year ago.
Summary: The median home sold price in Pine Forest Estates was $296,750 in October 2024, up 2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $203K | $180K | -11.3% |
| 3 Bedrooms | $286.5K | $286K | -0.2% |
| 4 Bedrooms | $429.5K | $349.5K | -18.6% |
| 5+ Bedrooms | $599.9K | $650K | +8.3% |
Summary: Pine Forest Estates 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 11.3%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Gonzalez | $290K | $300K | +3.4% |
| Pine Forest Estates | $291K | $296.7K | +2.0% |
| Ensley | $250K | $247.2K | -1.1% |
Housing Supply in Pine Forest Estates, FL
How many homes are available in Pine Forest Estates, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The Pine Forest Estates real estate market had 28 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Pine Forest Estates 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 25%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Forest Estates, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Pine Forest Estates in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 87 Days | +294.1% |
Summary: Homes in Pine Forest Estates had an average of 87 days on market in Oct 2024, up by 294.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pine Forest Estates are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Pine Forest Estates; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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.