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 March 2023
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.
Housing Prices in Miramar-Pembroke Pines, FL
How much do homes in Miramar-Pembroke Pines, FL cost?
Median Sold Price
$474,692
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Miramar-Pembroke Pines have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Miramar-Pembroke Pines was $474,692 in March 2024, up 5.5% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167K | $180K | +7.8% |
| 2 Bedrooms | $269.4K | $282K | +4.7% |
| 3 Bedrooms | $479.8K | $510K | +6.3% |
| 4 Bedrooms | $650.3K | $686.5K | +5.6% |
| 5+ Bedrooms | $850K | $910K | +7.1% |
Summary: Miramar-Pembroke Pines housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Miami Gardens | $406.6K | $454.7K | +11.8% |
| Cooper City | $584.3K | $643K | +10.0% |
| Miramar | $475.8K | $512.9K | +7.8% |
| Miramar-Pembroke Pines | $449.9K | $474.6K | +5.5% |
| Pembroke Pines | $441.6K | $460.7K | +4.3% |
Housing Supply in Miramar-Pembroke Pines, FL
How many homes are available in Miramar-Pembroke Pines, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 979 | 1,120 | +14.4% |
Summary: The Miramar-Pembroke Pines real estate market had 1,120 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 72 | 85 | +18.1% |
| 2 Bedrooms | 343 | 384 | +12.0% |
| 3 Bedrooms | 303 | 349 | +15.2% |
| 4 Bedrooms | 178 | 205 | +15.2% |
| 5+ Bedrooms | 83 | 97 | +16.9% |
Summary: The Miramar-Pembroke Pines housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 16.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 141 | 188 | +33.3% |
Asking Price vs. Sold Price
126 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
25 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. 67% of homes here sold below asking price last month.
Summary: A total of 188 homes were sold or pending in Miramar-Pembroke Pines in March 2024, up by 33.3% month-over-month. Of the 188 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 37 Days | -20.2% |
Summary: Homes in Miramar-Pembroke Pines had an average of 37 days on market in Mar 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
21 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 March 2024, 188 homes were sold in Miramar-Pembroke Pines; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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