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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Lakes is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Pine Lakes, FL

How much do homes in Pine Lakes, FL cost?

Median Sold Price

$350,000

$189/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in Pine Lakes has remained the same since last year.

Summary: The median home sold price in Pine Lakes was $350,000 in October 2024, the same as last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $255K$280K
+9.8%
3 $339.3K$337K
-0.7%
4 $399.4K$415K
+3.9%
5+ $550K$388.5K
-29.4%

Summary: Pine Lakes 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 9.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 29.4%.

Median Sold Price Compared To Nearby Neighborhoods

Pine Lakes
0.0%
Lehigh Woods
-1.5%
Pine Grove - Belle Terre
-1.6%
Downtown Palm Coast
-5.2%

Housing Supply in Pine Lakes, FL

How many homes are available in Pine Lakes, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
141137-2.8%

Summary: The Pine Lakes real estate market had 137 homes for sale in October 2024, a 2.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 7878
0.0%
4 4743
-8.5%
5+ 910
+11.1%

Summary: The Pine Lakes 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 decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2617-34.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Lakes, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Pine Lakes in October 2024, down by 34.6% month-over-month. Of the 17 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% were sold over asking.

Days on Market for Pine Lakes, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days73 Days+61.4%

Summary: Homes in Pine Lakes had an average of 73 days on market in Oct 2024, up by 61.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pine Lakes are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in Pine Lakes; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% 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 20 Days Ago

Newest Listings in Pine Lakes, FL

Nearby Markets to Pine Lakes, FL