Is Pine Top, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pine Top was a Seller's Market.
Housing Prices in Pine Top, VA
How much do homes in Pine Top, VA cost?
Median Sold Price
$383,750
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pine Top was $383,750 in May 2024, down 2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158.7K | $550K | +246.5% |
2 Bedrooms | $320K | $367.5K | +14.8% |
3 Bedrooms | $404.5K | $383.5K | -5.2% |
4 Bedrooms | $665K | $500K | -24.8% |
5+ Bedrooms | $1.4M | $1.8M | +26.6% |
Summary: Pine Top housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 246.5%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes increased by 26.6%.
Median Sold Price Compared To Nearby Cities
Hartfield | $353K | $382.5K | +8.4% |
Pine Top | $391.5K | $383.7K | -2.0% |
Housing Supply in Pine Top, VA
How many homes are available in Pine Top, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 46 | +15.0% |
Summary: The Pine Top real estate market had 46 homes for sale in May 2024, a 15.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 22 | 28 | +27.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pine Top housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Pine Top in May 2024, down by 30.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 86 Days | +138.2% |
Summary: Homes in Pine Top had an average of 86 days on market in May 2024, up by 138.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Pine Top; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.