Is Pembroke, MA 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, Pembroke has remained a Seller's Market.
Key Takeaway
Pembroke is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pembroke, MA
How much do homes in Pembroke, MA cost?
Median Sold Price
$575,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pembroke have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Pembroke was $575,000 in May 2024, up 1.3% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $385K | +35.1% |
| 2 Bedrooms | $435K | $512.5K | +17.8% |
| 3 Bedrooms | $547K | $575K | +5.1% |
| 4 Bedrooms | $750K | $750K | 0.0% |
| 5+ Bedrooms | $925K | $1.1M | +22.2% |
Summary: Pembroke housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.1%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 22.2%.
Housing Supply in Pembroke, MA
How many homes are available in Pembroke, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 53 | +35.9% |
Summary: The Pembroke real estate market had 53 homes for sale in May 2024, a 35.9% 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 | 16 | 19 | +18.8% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 3 | 9 | +200.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pembroke 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 18.8%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pembroke, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Pembroke in May 2024, the same as the previous month. Of the 12 sold homes, 8% were sold under asking, 8% were sold at asking, and 83% were sold over asking.
Days on Market for Pembroke, MA
How long does it take to sell a home in Pembroke, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 22 Days | -28.9% |
Summary: Homes in Pembroke had an average of 22 days on market in May 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pembroke are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Pembroke; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
