Is Pembroke, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pembroke has remained a Seller's Market.
Key Takeaway
Pembroke is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pembroke, MA
How much do homes in Pembroke, MA cost?
Median Sold Price
$575,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Pembroke has remained the same since last year.
Summary: The median home sold price in Pembroke was $575,000 in April 2024, up 0.2% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $370K | $385K | +4.1% |
| 2 Bedrooms | $438K | $512.5K | +17.0% |
| 3 Bedrooms | $547K | $580K | +6.0% |
| 4 Bedrooms | $737.5K | $750K | +1.7% |
| 5+ Bedrooms | $1.1M | $880K | -20.0% |
Summary: Pembroke housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 20%.
Housing Supply in Pembroke, MA
How many homes are available in Pembroke, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The Pembroke real estate market had 37 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 7 | 2 | -71.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pembroke housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pembroke, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Pembroke in April 2024, up by 9.1% month-over-month. Of the 12 sold homes, 8% were sold under asking, 8% were sold at asking, and 83% were sold over asking.
Days on Market for Pembroke, MA
How long does it take to sell a home in Pembroke, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 19 Days | -32.1% |
Summary: Homes in Pembroke had an average of 19 days on market in Apr 2024, down by 32.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pembroke are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Pembroke; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
