Is Pembroke, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pembroke is a seller's market

Buyer's
Market

Difference Since October 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

$585,500

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,500(+4.6%)

Key Takeaway

Homes in Pembroke have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Pembroke was $585,500 in October 2024, up 4.6% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $357.5K-
N/A
2 $475K$470K
-1.1%
3 $551K$575K
+4.4%
4 $690K$780.7K
+13.2%
5+ $1.2M$1.0M
-21.6%

Summary: Pembroke housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 21.6%.

Median Sold Price Compared To Nearby Cities

Hanson
+24.0%
Duxbury
+11.9%
Hanover
+7.6%
Pembroke
+4.6%
Kingston
+3.7%

Housing Supply in Pembroke, MA

How many homes are available in Pembroke, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5254+3.8%

Summary: The Pembroke real estate market had 54 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1212
0.0%
3 2623
-11.5%
4 1218
+50.0%
5+ 21
-50.0%

Summary: The Pembroke housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pembroke, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Pembroke in October 2024, up by 14.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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

Oct 2023Oct 2024CHANGE
19 Days23 Days+21.1%

Summary: Homes in Pembroke had an average of 23 days on market in Oct 2024, up by 21.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 16 homes were sold in Pembroke; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

Newest Listings in Pembroke, MA

Nearby Markets to Pembroke, MA

What housing markets are near Pembroke, MA?