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.
Key Takeaway
Pinecrest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Pinecrest have sold for 9.8% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Pinecrest, you may be able to get a good deal. 77.3% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Pinecrest are selling fast, if you're buying plan to act quickly.
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.
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