Is Pine Hill, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pine Hill has remained a Seller's Market.
Housing Prices in Pine Hill, NJ
How much do homes in Pine Hill, NJ cost?
Median Sold Price
$255,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pine Hill was $255,000 in May 2024, up 15.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $167.5K | +179.2% |
2 Bedrooms | $156K | $176.5K | +13.1% |
3 Bedrooms | $225K | $257K | +14.2% |
4 Bedrooms | $270.4K | $300.2K | +11.0% |
5+ Bedrooms | $350.4K | $355K | +1.3% |
Summary: Pine Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 179.2%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Berlin | $310K | $360K | +16.1% |
Pine Hill | $220K | $255K | +15.9% |
Lindenwold | $225K | $235K | +4.4% |
Clementon | $230K | $233.5K | +1.5% |
Housing Supply in Pine Hill, NJ
How many homes are available in Pine Hill, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 46 | +27.8% |
Summary: The Pine Hill real estate market had 46 homes for sale in May 2024, a 27.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Pine Hill in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 0% were sold under asking, 30% were sold at asking, and 70% were sold over asking.
Days on Market for Pine Hill, NJ
How long does it take to sell a home in Pine Hill, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 15 Days | -28.3% |
Summary: Homes in Pine Hill had an average of 15 days on market in May 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Pine Hill; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.