Is Miramar-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, Miramar-Pembroke Pines was a Seller's Market.
Housing Prices in Miramar-Pembroke Pines, FL
How much do homes in Miramar-Pembroke Pines, FL cost?
Median Sold Price
$483,599
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Miramar-Pembroke Pines was $483,599 in April 2024, up 6.1% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $184.9K | +9.4% |
2 Bedrooms | $270K | $283.3K | +4.9% |
3 Bedrooms | $480K | $520K | +8.3% |
4 Bedrooms | $655K | $691.1K | +5.5% |
5+ Bedrooms | $850K | $915K | +7.6% |
Summary: Miramar-Pembroke Pines housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Miami Gardens | $412K | $455K | +10.4% |
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% |
Housing Supply in Miramar-Pembroke Pines, FL
How many homes are available in Miramar-Pembroke Pines, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,078 | 1,164 | +8.0% |
Summary: The Miramar-Pembroke Pines real estate market had 1,164 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 79 | 93 | +17.7% |
2 Bedrooms | 357 | 400 | +12.0% |
3 Bedrooms | 341 | 333 | -2.3% |
4 Bedrooms | 204 | 232 | +13.7% |
5+ Bedrooms | 97 | 106 | +9.3% |
Summary: The Miramar-Pembroke Pines housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
212 | 193 | -9.0% |
Asking Price vs. Sold Price
133 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 193 homes were sold or pending in Miramar-Pembroke Pines in April 2024, down by 9.0% month-over-month. Of the 193 sold homes, 69% were sold under asking, 20% were sold at asking, and 11% were sold over asking.
Days on Market for Miramar-Pembroke Pines, FL
How long does it take to sell a home in Miramar-Pembroke Pines, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 44 Days | +8.6% |
Summary: Homes in Miramar-Pembroke Pines had an average of 44 days on market in Apr 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During April 2024, 193 homes were sold in Miramar-Pembroke Pines; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.