Is Pinecrest, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$2,150,000
$706/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pinecrest was $2,150,000 in May 2024, up 7.5% from last year, and the median price per square foot was $706.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263K | $280K | +6.5% |
2 Bedrooms | $325K | $365K | +12.3% |
3 Bedrooms | $1.0M | $1.5M | +40.9% |
4 Bedrooms | $1.8M | $1.9M | +7.0% |
5+ Bedrooms | $3.4M | $3.7M | +9.9% |
Summary: Pinecrest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
Kendall-Palmetto Bay | $697.9K | $791.2K | +13.4% |
Palmetto Bay | $980K | $1.0M | +11.1% |
South Miami | $910K | $985K | +8.2% |
Pinecrest | $2.0M | $2.1M | +7.5% |
Coral Gables | $1.1M | $1.0M | -4.5% |
Housing Supply in Pinecrest, FL
How many homes are available in Pinecrest, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
163 | 162 | -0.6% |
Summary: The Pinecrest real estate market had 162 homes for sale in May 2024, a 0.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 3 | -62.5% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 26 | 29 | +11.5% |
5+ Bedrooms | 104 | 106 | +1.9% |
Summary: The Pinecrest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 62.5%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 18 | -37.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Pinecrest in May 2024, down by 37.9% month-over-month. Of the 18 sold homes, 83% were sold under asking, 11% were sold at asking, and 6% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 94 Days | +34.1% |
Summary: Homes in Pinecrest had an average of 94 days on market in May 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Pinecrest; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.