Is Pine Top, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pine Top has remained a Seller's Market.
Housing Prices in Pine Top, VA
How much do homes in Pine Top, VA cost?
Median Sold Price
$385,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pine Top was $385,000 in April 2024, down 0.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158.7K | $550K | +246.5% |
2 Bedrooms | $320K | $370K | +15.6% |
3 Bedrooms | $403.5K | $389K | -3.6% |
4 Bedrooms | $665K | $470K | -29.3% |
5+ Bedrooms | $1.4M | $1.8M | +26.6% |
Summary: Pine Top housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 246.5%, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 29.3%, and 5+ bedroom homes increased by 26.6%.
Median Sold Price Compared To Nearby Cities
Hartfield | $315K | $385K | +22.2% |
Pine Top | $388K | $385K | -0.8% |
Housing Supply in Pine Top, VA
How many homes are available in Pine Top, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 44 | -2.2% |
Summary: The Pine Top real estate market had 44 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 25 | 24 | -4.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pine Top housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Pine Top in April 2024, up by 11.1% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 66 Days | +70.1% |
Summary: Homes in Pine Top had an average of 66 days on market in Apr 2024, up by 70.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Pine Top; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.