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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pembroke Pines is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Pembroke Pines, FL cost?

Median Sold Price

$419,503

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$66,776(+18.9%)

Key Takeaway

Homes in Pembroke Pines have sold for 18.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $125K$155K
+24.0%
2 $209.4K$250K
+19.3%
3 $408K$485K
+18.9%
4 $535K$657.5K
+22.9%
5+ $660K$865K
+31.1%

Median Sold Price Compared To Nearby Cities

Southwest Ranches
+28.6%
Cooper City
+20.6%
Miramar
+20.2%
Pembroke Pines
+18.9%
Miramar-Pembroke Pines
+18.2%

How many homes are available in Pembroke Pines, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
543516-5.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 3236
+12.5%
2 186176
-5.4%
3 167154
-7.8%
4 126118
-6.3%
5+ 3232
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
13587-35.6%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pembroke Pines, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
26 Days27 Days+2.0%

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 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 Pembroke Pines, FL

Pembroke Pines, FL has 516 homes on the market. The number of listings in Pembroke Pines, FL decreased by 5% between October 2022 and November 2022. In November 2022 median list price was $419,503 and the average listing age was 27 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 24% more expensive, 2 bedrooms properties became 19.3% more expensive, the cost of 3 bedrooms properties went up by 18.9%, prices of 4 bedrooms properties went up by 22.9%, prices of 5 bedrooms properties increased by 31.1%. This housing market inventory have changed: volume of 1 bedroom homes went up by 12.5%, 2 bedrooms homes inventory decreased by 5.4%, 3 bedrooms homes inventory decreased by 7.8%, 4 bedrooms homes became 6.3% less available, 5 bedrooms homes inventory did not change. In November 2022 more than 17 listings in Pembroke Pines, FL were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 49 were sold below.

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