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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pembroke is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Pembroke was a Seller's Market.

Key Takeaway

Pembroke is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pembroke, NC

How much do homes in Pembroke, NC cost?

Median Sold Price

$215,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$35,000(+19.4%)

Key Takeaway

Homes in Pembroke have sold for 19.4% more than they did a year ago.

Summary: The median home sold price in Pembroke was $215,000 in February 2024, up 19.4% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $106.5K$75K
-29.6%
3 $181.5K$176.5K
-2.8%
4 $192K$500K
+160.4%
5+ -$205K
N/A

Summary: Pembroke housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 160.4%, and 5+ bedroom homes did not change.

Housing Supply in Pembroke, NC

How many homes are available in Pembroke, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
98-11.1%

Summary: The Pembroke real estate market had 8 homes for sale in February 2024, a 11.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 65
-16.7%
4 11
0.0%
5+ 22
0.0%

Summary: The Pembroke housing inventory by bedroom type for February 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pembroke, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Pembroke in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pembroke, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
103 Days9 Days-91.3%

Summary: Homes in Pembroke had an average of 9 days on market in Feb 2024, down by 91.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 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 February 2024, 1 homes were sold in Pembroke; 100% of homes were sold within 30 days, 0% 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 27 Days Ago

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