Is Pembroke, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$565,000
$318/sqft
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
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $377.5K | +7.9% |
| 2 Bedrooms | $397.5K | $450K | +13.2% |
| 3 Bedrooms | $532.5K | $545K | +2.3% |
| 4 Bedrooms | $750K | $700K | -6.7% |
| 5+ Bedrooms | $766.2K | $1.1M | +47.5% |
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%.
Housing Supply
How many homes are available in Pembroke, MA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 51 | 49 | -3.9% |
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
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
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 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 22 | 12 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
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 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 19 Days | 26 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
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.
