$8,253 Closing Credit*
$695,000
3 Beds
•1 Full Bath, 1 Partial
Rajeev Kumar, Listing Office: New and Modern Group
Is Pine Brook, NJ 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 Brook was a Buyer's Market.
Key Takeaway
Pine Brook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Brook, NJ
How much do homes in Pine Brook, NJ cost?
Median Sold Price
$890,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$142,500(+19.1%)
Key Takeaway
Homes in Pine Brook have sold for 19.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $460K | - | N/A |
| 3 Bedrooms | $638.5K | $685K | +7.3% |
| 4 Bedrooms | $742.5K | $875K | +17.8% |
| 5+ Bedrooms | $875K | $1.1M | +34.3% |
Summary: Pine Brook 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 did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
| Lake Hiawatha | $380.5K | $507.5K | +33.4% |
| Pine Brook | $747.5K | $890K | +19.1% |
| Montville Township | $699K | $821K | +17.5% |
| Fairfield | $625K | $725K | +16.0% |
| Fairfield Township | $625K | $720K | +15.2% |
Housing Supply in Pine Brook, NJ
How many homes are available in Pine Brook, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Pine Brook real estate market had 10 homes for sale in November 2024, a 9.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pine Brook 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Brook, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Pine Brook in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Pine Brook, NJ
We’re sorry, we don't have information for this market at the moment