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

Housing Market Conditions



Gauge showing Pembroke is a seller's market


Difference Since August 2022

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

How much do homes in Pembroke, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Pembroke have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Pembroke was $565,000 in August 2023, up 5.6% from last year, and the median price per square foot was $318.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $350K$377.5K
2 $397.5K$450K
3 $532.5K$545K
4 $750K$700K
5+ $766.2K$1.1M

Summary: Pembroke housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 47.5%.

Median Sold Price Compared To Nearby Cities


Housing Supply

How many homes are available in Pembroke, MA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Pembroke real estate market had 49 homes for sale in August 2023, a 3.9% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 21
2 1615
3 1717
4 1413
5+ 23

Summary: The Pembroke housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 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. 66.7% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Pembroke in August 2023, down by 45.5% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.

Days on Market

How long does it take to sell a home in Pembroke, MA?

Average Sale Time

Aug 2022Aug 2023CHANGE
19 Days26 Days+35.2%

Summary: Homes in Pembroke had an average of 26 days on market in Aug 2023, up by 35.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 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 August 2023, 12 homes were sold in Pembroke; 67% of homes were sold within 30 days, 33% 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 26 Days Ago

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Nearby Markets

What housing markets are near Pembroke, MA?