Is Pine Plains, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Plains is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Pine Plains has remained a Seller's Market.

Key Takeaway

Pine Plains is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pine Plains, NY

How much do homes in Pine Plains, NY cost?

Median Sold Price

$542,500

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$182,500(+50.7%)

Key Takeaway

Homes in Pine Plains have sold for 50.7% more than they did a year ago.

Summary: The median home sold price in Pine Plains was $542,500 in December 2024, up 50.7% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $700.5K-
N/A
2 $167.5K$338.7K
+102.2%
3 $367.5K$540K
+46.9%
4 $357K$660K
+84.9%
5+ $335.5K$1.4M
+345.3%

Summary: Pine Plains housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 102.2%, 3 bedroom homes increased by 46.9%, 4 bedroom homes increased by 84.9%, and 5+ bedroom homes increased by 345.3%.

Median Sold Price Compared To Nearby Cities

Pine Plains
+50.7%
Gallatin
+1.1%
Ancram
-11.4%

Housing Supply in Pine Plains, NY

How many homes are available in Pine Plains, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1916-15.8%

Summary: The Pine Plains real estate market had 16 homes for sale in December 2024, a 15.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 74
-42.9%
4 56
+20.0%
5+ 44
0.0%

Summary: The Pine Plains housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Plains, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Pine Plains in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pine Plains, NY

How long does it take to sell a home in Pine Plains, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
215 Days336 Days+56.3%

Summary: Homes in Pine Plains had an average of 336 days on market in Dec 2024, up by 56.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pine Plains are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 3 homes were sold in Pine Plains; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 4 Days Ago

Newest Listings in Pine Plains, NY

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