Is Pinehurst, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinehurst is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Pinehurst, WA

How much do homes in Pinehurst, WA cost?

Median Sold Price

$580,000

$391/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+8.4%)

Key Takeaway

Homes in Pinehurst have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Pinehurst was $580,000 in October 2024, up 8.4% from last year, and the median price per square foot was $391.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $319.5K$282.5K
-11.6%
2 $490K$480K
-2.0%
3 $537.5K$620K
+15.3%
4 $625K$699K
+11.8%
5+ $812K$745K
-8.3%

Summary: Pinehurst housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 8.3%.

Housing Supply in Pinehurst, WA

How many homes are available in Pinehurst, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1925+31.6%

Summary: The Pinehurst real estate market had 25 homes for sale in October 2024, a 31.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 910
+11.1%
4 36
+100.0%
5+ 33
0.0%

Summary: The Pinehurst 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 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinehurst, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Pinehurst in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Pinehurst, WA

How long does it take to sell a home in Pinehurst, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days39 Days+227.8%

Summary: Homes in Pinehurst had an average of 39 days on market in Oct 2024, up by 227.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pinehurst has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Pinehurst; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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