$135,000
1.70 Acres
Land
Mike1 Jackson, Listing Office: Michael Marketing Real Estate, Inc.
Is Pine Top, VA 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 Top was a Seller's Market.
Key Takeaway
Pine Top is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pine Top, VA
How much do homes in Pine Top, VA cost?
Median Sold Price
$409,841
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,841(+10.8%)
Key Takeaway
Homes in Pine Top have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Pine Top was $409,841 in November 2024, up 10.8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $572.5K | N/A |
| 2 Bedrooms | $360K | $376.2K | +4.5% |
| 3 Bedrooms | $372.5K | $410K | +10.1% |
| 4 Bedrooms | $420K | $804.7K | +91.6% |
| 5+ Bedrooms | $1.8M | $1.3M | -25.6% |
Summary: Pine Top 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 increased by 4.5%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 91.6%, and 5+ bedroom homes decreased by 25.6%.
Median Sold Price Compared To Nearby Cities
| Hardyville | $420K | $506K | +20.5% |
| Pine Top | $370K | $409.8K | +10.8% |
| Hartfield | $359.5K | $385K | +7.1% |
| Topping | $405K | $369K | -8.9% |
Housing Supply in Pine Top, VA
How many homes are available in Pine Top, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 82 | -5.7% |
Summary: The Pine Top real estate market had 82 homes for sale in November 2024, a 5.7% 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 57 | 53 | -7.0% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pine Top 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 decreased by 22.2%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Top, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Pine Top in November 2024, down by 30.8% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Pine Top, VA
How long does it take to sell a home in Pine Top, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 46 Days | -15.7% |
Summary: Homes in Pine Top had an average of 46 days on market in Nov 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine Top are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Pine Top; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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