Is Miramar-Pembroke Pines, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Miramar-Pembroke Pines was a Seller's Market.
Key Takeaway
Miramar-Pembroke Pines is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Miramar-Pembroke Pines, FL
How much do homes in Miramar-Pembroke Pines, FL cost?
Median Sold Price
$496,596
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Miramar-Pembroke Pines have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Miramar-Pembroke Pines was $496,596 in June 2024, up 8.1% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171.2K | $180K | +5.1% |
| 2 Bedrooms | $270K | $285.6K | +5.8% |
| 3 Bedrooms | $485K | $524.6K | +8.2% |
| 4 Bedrooms | $659.6K | $690.6K | +4.7% |
| 5+ Bedrooms | $852.9K | $945K | +10.8% |
Summary: Miramar-Pembroke Pines housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Cooper City | $611K | $678K | +11.0% |
| Miami Gardens | $420K | $460.2K | +9.6% |
| Miramar | $489.7K | $529.7K | +8.2% |
| Miramar-Pembroke Pines | $459.5K | $496.5K | +8.1% |
| Pembroke Pines | $452.2K | $481.6K | +6.5% |
Housing Supply in Miramar-Pembroke Pines, FL
How many homes are available in Miramar-Pembroke Pines, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,183 | 1,218 | +3.0% |
Summary: The Miramar-Pembroke Pines real estate market had 1,218 homes for sale in June 2024, a 3.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 99 | 109 | +10.1% |
| 2 Bedrooms | 385 | 419 | +8.8% |
| 3 Bedrooms | 341 | 329 | -3.5% |
| 4 Bedrooms | 249 | 246 | -1.2% |
| 5+ Bedrooms | 109 | 115 | +5.5% |
Summary: The Miramar-Pembroke Pines housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 5.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 219 | 155 | -29.2% |
Asking Price vs. Sold Price
101 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miramar-Pembroke Pines, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 155 homes were sold or pending in Miramar-Pembroke Pines in June 2024, down by 29.2% month-over-month. Of the 155 sold homes, 65% were sold under asking, 17% were sold at asking, and 18% were sold over asking.
Days on Market for Miramar-Pembroke Pines, FL
How long does it take to sell a home in Miramar-Pembroke Pines, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 36 Days | 42 Days | +15.6% |
Summary: Homes in Miramar-Pembroke Pines had an average of 42 days on market in Jun 2024, up by 15.6% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Miramar-Pembroke Pines are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 155 homes were sold in Miramar-Pembroke Pines; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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