Is Pembroke Pines, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pembroke Pines was a Seller's Market.
Housing Prices in Pembroke Pines, FL
How much do homes in Pembroke Pines, FL cost?
Median Sold Price
$469,335
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pembroke Pines was $469,335 in April 2024, up 4.4% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160.6K | $180K | +12.0% |
2 Bedrooms | $265K | $270K | +1.9% |
3 Bedrooms | $510K | $550K | +7.8% |
4 Bedrooms | $684.7K | $720K | +5.1% |
5+ Bedrooms | $867K | $915K | +5.5% |
Summary: Pembroke Pines housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Cooper City | $597.3K | $650.4K | +8.9% |
Miramar | $481.6K | $518K | +7.5% |
Miramar-Pembroke Pines | $455.9K | $483.5K | +6.1% |
Pembroke Pines | $449.5K | $469.3K | +4.4% |
Southwest Ranches | $1.3M | $1.3M | -6.0% |
Housing Supply in Pembroke Pines, FL
How many homes are available in Pembroke Pines, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
727 | 782 | +7.6% |
Summary: The Pembroke Pines real estate market had 782 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 70 | 82 | +17.1% |
2 Bedrooms | 304 | 336 | +10.5% |
3 Bedrooms | 208 | 201 | -3.4% |
4 Bedrooms | 116 | 130 | +12.1% |
5+ Bedrooms | 29 | 33 | +13.8% |
Summary: The Pembroke Pines housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
138 | 124 | -10.1% |
Asking Price vs. Sold Price
92 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 124 homes were sold or pending in Pembroke Pines in April 2024, down by 10.1% month-over-month. Of the 124 sold homes, 74% were sold under asking, 18% were sold at asking, and 8% were sold over asking.
Days on Market for Pembroke Pines, FL
How long does it take to sell a home in Pembroke Pines, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 49 Days | +14.0% |
Summary: Homes in Pembroke Pines had an average of 49 days on market in Apr 2024, up by 14% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 124 homes were sold in Pembroke Pines; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.