$8,500,000
7,708 SqFt
7 Beds
•9 Full Baths, 1 Partial
Clara-Susana Escobar, Listing Office: EXP Realty LLC
Is Pinecrest, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pinecrest was a Neutral 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
$2,245,000
$757/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$78,000(+3.6%)
Key Takeaway
Homes in Pinecrest have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Pinecrest was $2,245,000 in November 2024, up 3.6% from last year, and the median price per square foot was $757.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $261.5K | $285K | +9.0% |
| 2 Bedrooms | $355K | $370.5K | +4.4% |
| 3 Bedrooms | $1.3M | $1.4M | +9.6% |
| 4 Bedrooms | $2.1M | $1.8M | -11.9% |
| 5+ Bedrooms | $3.5M | $4.4M | +25.8% |
Summary: Pinecrest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
| Coral Gables | $1.1M | $1.2M | +15.7% |
| South Miami | $950K | $1.0M | +5.3% |
| Pinecrest | $2.1M | $2.2M | +3.6% |
| Kendall-Palmetto Bay | $748.4K | $772.2K | +3.2% |
| Palmetto Bay | $1.0M | $1.0M | -1.8% |
Housing Supply in Pinecrest, FL
How many homes are available in Pinecrest, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 158 | 172 | +8.9% |
Summary: The Pinecrest real estate market had 172 homes for sale in November 2024, a 8.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 28 | 34 | +21.4% |
| 5+ Bedrooms | 96 | 102 | +6.3% |
Summary: The Pinecrest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pinecrest, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Pinecrest in November 2024, up by 22.2% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 94 Days | +232.4% |
Summary: Homes in Pinecrest had an average of 94 days on market in Nov 2024, up by 232.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pinecrest are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 11 homes were sold in Pinecrest; 0% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.
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