Is Miramar-Pembroke Pines, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miramar-Pembroke Pines is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Miramar-Pembroke Pines has remained a Seller's Market.

Key Takeaway

Miramar-Pembroke Pines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Miramar-Pembroke Pines, FL cost?

Median Sold Price

$396,749

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$46,963(+13.4%)

Key Takeaway

Homes in Miramar-Pembroke Pines have sold for 13.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $125K$144K
+15.2%
2 $208K$238.4K
+14.7%
3 $360K$416.8K
+15.8%
4 $480.1K$590K
+22.9%
5+ $595K$749.9K
+26.0%

Median Sold Price Compared To Nearby Cities

Cooper City
+22.7%
Miami Gardens
+20.0%
Miramar
+18.4%
Miramar-Pembroke Pines
+13.4%
Pembroke Pines
+9.2%

How many homes are available in Miramar-Pembroke Pines, FL?

Number of Homes For Sale

Apr 2022May 2022%
785830+5.7%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 5457
+5.6%
2 248240
-3.2%
3 237268
+13.1%
4 178173
-2.8%
5+ 6892
+35.3%

Number of Homes Sold

Apr 2022May 2022%
225223-0.9%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

130 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miramar-Pembroke Pines, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
23 Days19 Days-19.5%

Breakdown of Home Sale Times

183 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Miramar-Pembroke Pines are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Miramar-Pembroke Pines, FL

There are 830 homes are for sale in Miramar-Pembroke Pines, FL real estate market. The number of homes for sale in Miramar-Pembroke Pines, FL increased by 5.7% between April 2022 and May 2022. In May 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $396,749. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties prices increased by 15.2%, prices of 2 bedrooms properties went up by 14.7%, 3 bedrooms properties prices increased by 15.8%, 4 bedrooms properties prices increased by 22.9%, 5 bedrooms properties became 26% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 5.6%, volume of 2 bedrooms homes went down by 3.2%, 3 bedrooms homes inventory increased by 13.1%, 4 bedrooms homes became 2.8% less available, volume of 5 bedrooms homes went up by 35.3%. While more than 130 listings in Miramar-Pembroke Pines, FL in May 2022 were sold above asking price, there were more than 35 listings sold at asking price, and more than 58 were sold below.

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