$2,138 Closing Credit*
$180,000
1,288 SqFt
2 Beds
•2 Full Baths
JIM BEDORF, Listing Office: Coldwell Banker Realty
Is Pine Grove, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Pine Grove has remained a Seller's Market.
Key Takeaway
Pine Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Grove, PA
How much do homes in Pine Grove, PA cost?
Median Sold Price
$224,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+8.5%)
Key Takeaway
Homes in Pine Grove have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Pine Grove was $224,000 in October 2024, up 8.5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.7K | $50K | -64.7% |
| 2 Bedrooms | $145K | $169K | +16.6% |
| 3 Bedrooms | $226K | $259.9K | +15.0% |
| 4 Bedrooms | $339.9K | $323.5K | -4.8% |
| 5+ Bedrooms | $508.7K | $311.9K | -38.7% |
Summary: Pine Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.7%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 38.7%.
Median Sold Price Compared To Nearby Cities
| Pine Grove | $206.5K | $224K | +8.5% |
| Pine Grove Township | $242.5K | $224K | -7.6% |
Housing Supply in Pine Grove, PA
How many homes are available in Pine Grove, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Pine Grove real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine Grove 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 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Grove, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Pine Grove in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Pine Grove, PA
How long does it take to sell a home in Pine Grove, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 42 Days | +53.9% |
Summary: Homes in Pine Grove had an average of 42 days on market in Oct 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pine Grove are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Pine Grove; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
