Is Pinecrest, 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, Pinecrest was a Seller's Market.
Housing Prices in Pinecrest, FL
How much do homes in Pinecrest, FL cost?
Median Sold Price
$2,175,000
$713/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pinecrest was $2,175,000 in April 2024, up 9.8% from last year, and the median price per square foot was $713.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263K | $280K | +6.5% |
2 Bedrooms | $325K | $355K | +9.2% |
3 Bedrooms | $1.0M | $1.4M | +34.9% |
4 Bedrooms | $1.8M | $1.9M | +5.6% |
5+ Bedrooms | $3.6M | $3.7M | +1.6% |
Summary: Pinecrest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 34.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Palmetto Bay | $963.2K | $1.1M | +14.2% |
Kendall-Palmetto Bay | $703.6K | $773.9K | +10.0% |
Pinecrest | $1.9M | $2.1M | +9.8% |
South Miami | $900K | $965K | +7.2% |
Coral Gables | $1.1M | $1.0M | -7.7% |
Housing Supply in Pinecrest, FL
How many homes are available in Pinecrest, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
149 | 166 | +11.4% |
Summary: The Pinecrest real estate market had 166 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 100 | 106 | +6.0% |
Summary: The Pinecrest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Pinecrest in April 2024, up by 15.8% month-over-month. Of the 22 sold homes, 77% were sold under asking, 18% were sold at asking, and 5% were sold over asking.
Days on Market for Pinecrest, FL
How long does it take to sell a home in Pinecrest, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 63 Days | +6.1% |
Summary: Homes in Pinecrest had an average of 63 days on market in Apr 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Pinecrest; 45% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.