Is Pinecrest, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Pinecrest was a Seller's Market.
Housing Prices in Pinecrest, FL
How much do homes in Pinecrest, FL cost?
Median Sold Price
$2,175,000
$728/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Pinecrest was $2,175,000 in June 2024, up 8.8% from last year, and the median price per square foot was $728.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $287.5K | +8.5% |
2 Bedrooms | $330K | $370.5K | +12.3% |
3 Bedrooms | $1.2M | $1.5M | +22.0% |
4 Bedrooms | $1.8M | $1.8M | +2.8% |
5+ Bedrooms | $3.4M | $4.0M | +19.9% |
Summary: Pinecrest housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
South Miami | $887K | $1.0M | +14.1% |
Palmetto Bay | $980K | $1.0M | +11.1% |
Kendall-Palmetto Bay | $710.8K | $779.8K | +9.7% |
Pinecrest | $2.0M | $2.1M | +8.8% |
Coral Gables | $1.1M | $1.0M | -6.6% |
Housing Supply in Pinecrest, FL
How many homes are available in Pinecrest, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
157 | 152 | -3.2% |
Summary: The Pinecrest real estate market had 152 homes for sale in June 2024, a 3.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 30 | 22 | -26.7% |
5+ Bedrooms | 99 | 105 | +6.1% |
Summary: The Pinecrest housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
21 | 14 | -33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Pinecrest in June 2024, down by 33.3% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
70 Days | 61 Days | -13.2% |
Summary: Homes in Pinecrest had an average of 61 days on market in Jun 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 14 homes were sold in Pinecrest; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.