Is Pine Brook, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Brook is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Pine Brook was a Seller's Market.

Key Takeaway

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

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 October 2024.

Difference Since Last Month

-$109,401(-10.9%)

Key Takeaway

Homes in Pine Brook have sold for 10.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $738K$890K
+20.6%
5+ $1.3M-
N/A

Summary: Pine Brook housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes did not change.

Housing Supply in Pine Brook, NJ

How many homes are available in Pine Brook, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1412-14.3%

Summary: The Pine Brook real estate market had 12 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 55
0.0%
5+ 64
-33.3%

Summary: The Pine Brook 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Brook, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Pine Brook in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Pine Brook, NJ

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