$4,738 Closing Credit*
$399,000
1,110 SqFt
2 Beds
•2 Full Baths
Betty Hernandez, Listing Office: HomeFind Realty Corp
Is Pinecrest, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$2,075,000
$755/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$125,000(-5.7%)
Key Takeaway
Homes in Pinecrest have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Pinecrest was $2,075,000 in October 2024, down 5.7% from last year, and the median price per square foot was $755.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $263K | $286.2K | +8.8% |
| 2 Bedrooms | $347.5K | $370.5K | +6.6% |
| 3 Bedrooms | $1.3M | $1.4M | +9.6% |
| 4 Bedrooms | $2.0M | $1.8M | -8.0% |
| 5+ Bedrooms | $3.7M | $4.2M | +14.2% |
Summary: Pinecrest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Coral Gables | $1.1M | $1.2M | +16.4% |
| South Miami | $950K | $999.5K | +5.2% |
| Kendall-Palmetto Bay | $744.6K | $779.6K | +4.7% |
| Palmetto Bay | $1.0M | $1.0M | +2.4% |
| Pinecrest | $2.2M | $2.0M | -5.7% |
Housing Supply in Pinecrest, FL
How many homes are available in Pinecrest, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 161 | +15.0% |
Summary: The Pinecrest real estate market had 161 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 86 | 97 | +12.8% |
Summary: The Pinecrest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 12.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
6 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. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pinecrest in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 43 Days | -41.6% |
Summary: Homes in Pinecrest had an average of 43 days on market in Oct 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pinecrest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Pinecrest; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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