Is Pembroke Lakes, 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, Pembroke Lakes has remained a Seller's Market.
Key Takeaway
Pembroke Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pembroke Lakes, FL
How much do homes in Pembroke Lakes, FL cost?
Median Sold Price
$405,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pembroke Lakes have sold for 11% more than they did a year ago.
Summary: The median home sold price in Pembroke Lakes was $405,000 in March 2024, up 11% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | $177.4K | +31.5% |
| 2 Bedrooms | $252.5K | $295K | +16.8% |
| 3 Bedrooms | $426.7K | $487.5K | +14.2% |
| 4 Bedrooms | $590K | $699K | +18.5% |
| 5+ Bedrooms | - | $761.5K | N/A |
Summary: Pembroke Lakes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.5%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Pembroke Lakes | $365K | $405K | +11.0% |
| Villa Lakes | $415K | $460K | +10.8% |
Housing Supply in Pembroke Lakes, FL
How many homes are available in Pembroke Lakes, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 112 | +14.3% |
Summary: The Pembroke Lakes real estate market had 112 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 6 | +200.0% |
| 2 Bedrooms | 65 | 72 | +10.8% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pembroke Lakes housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pembroke Lakes, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Pembroke Lakes in March 2024, up by 35.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for Pembroke Lakes, FL
How long does it take to sell a home in Pembroke Lakes, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 41 Days | -9.5% |
Summary: Homes in Pembroke Lakes had an average of 41 days on market in Mar 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pembroke Lakes are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Pembroke Lakes; 68% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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