Is Pembroke Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pembroke Park is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Pembroke Park was a Buyer's Market.

Key Takeaway

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

Housing Prices in Pembroke Park, FL

How much do homes in Pembroke Park, FL cost?

Median Sold Price

$183,500

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$22,500(+14.0%)

Key Takeaway

Homes in Pembroke Park have sold for 14% more than they did a year ago.

Summary: The median home sold price in Pembroke Park was $183,500 in March 2024, up 14% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $85K$92.5K
+8.8%
2 $157.5K$139K
-11.7%
3 $297K$361K
+21.5%
4 -$1.2M
N/A
5+ --
N/A

Summary: Pembroke Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 21.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pembroke Park
+14.0%
West Park
+12.7%
Hollywood
+6.8%
Hallandale
+1.0%
Hallandale Beach
+0.8%

Housing Supply in Pembroke Park, FL

How many homes are available in Pembroke Park, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
440.0%

Summary: The Pembroke Park real estate market had 4 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Pembroke Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pembroke Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Pembroke Park in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pembroke Park, FL

How long does it take to sell a home in Pembroke Park, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
5 Days148 Days+2860.0%

Summary: Homes in Pembroke Park had an average of 148 days on market in Mar 2024, up by 2860% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pembroke Park are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in Pembroke Park; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Pembroke Park, FL

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