Is Pinecrest, FL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Pinecrest is a buyer's market


Difference Since March 2023

At the same time last year, Pinecrest was a Seller's Market.

Key Takeaway

Pinecrest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pinecrest, FL

How much do homes in Pinecrest, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Pinecrest have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Pinecrest was $2,150,000 in March 2024, up 7.5% from last year, and the median price per square foot was $707.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $250K$270K
2 $313.5K$360K
3 $1.0M$1.4M
4 $1.8M$1.9M
5+ $3.6M$3.6M

Summary: Pinecrest housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 36.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 1.5%.

Median Sold Price Compared To Nearby Cities

Palmetto Bay
Kendall-Palmetto Bay
South Miami
Coral Gables

Housing Supply in Pinecrest, FL

How many homes are available in Pinecrest, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Pinecrest real estate market had 163 homes for sale in March 2024, a 11.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 88
2 54
3 1521
4 2421
5+ 94109

Summary: The Pinecrest 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 decreased by 20%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinecrest, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Pinecrest in March 2024, up by 28.6% month-over-month. Of the 18 sold homes, 89% were sold under asking, 6% were sold at asking, and 6% were sold over asking.

Days on Market for Pinecrest, FL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
56 Days75 Days+32.6%

Summary: Homes in Pinecrest had an average of 75 days on market in Mar 2024, up by 32.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pinecrest are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 18 homes were sold in Pinecrest; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 44% 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 Pinecrest, FL

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