In 2023, the real estate market in Pine Ridge has experienced positive growth across various locations. Specifically, in Pine Ridge, the market witnessed a notable uptick in home prices. In June 2023, home prices increased by 16.8% compared to the previous year, reaching a median price of $351K. This significant rise in home values was accompanied by a decrease in the average time homes spent on the market, down to 42 days from 63 days the year prior. Additionally, the number of homes sold in June increased to 37, up from 27 in the same month of the previous year, indicating a robust and active market.
In other locations named Pine Ridge, the real estate market also showed encouraging trends. In Pine Ridge, South Carolina, the median listing home price in August 2023 was $295K, marking a 10.3% increase year-over-year, with the median listing price per square foot at $130. Similarly, Pine Ridge, Pennsylvania, observed an increase in its median listing home price, which rose to $250K in September 2023, a 7.8% increase from the previous year, and the median listing price per square foot was $140. Furthermore, the number of homes for sale in Pine Ridge, South Carolina, saw a substantial increase of 80.0% in August 2023 compared to July. These trends across different Pine Ridge locations reflect a generally strong real estate market, characterized by rising home values, increased sales activity, and an active buyer and seller market.