$534 Closing Credit*
$45,000
1,169 SqFt
3 Beds
•1 Full Bath, 1 Partial
Terry W Ozak, Listing Office: RE/MAX Leading Edge
Is Pembroke, MI 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, Pembroke was a Seller's Market.
Key Takeaway
Pembroke is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pembroke, MI
How much do homes in Pembroke, MI cost?
Median Sold Price
$115,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,900(+19.7%)
Key Takeaway
Homes in Pembroke have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Pembroke was $115,000 in November 2024, up 19.7% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $49K | $66K | +34.7% |
| 3 Bedrooms | $105K | $122K | +16.2% |
| 4 Bedrooms | $149.5K | $179K | +19.7% |
| 5+ Bedrooms | - | $184.7K | N/A |
Summary: Pembroke housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.7%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Pembroke | $96.1K | $115K | +19.7% |
| Bagley Community | $180K | $203.5K | +13.1% |
| Bagley | $157.5K | $170.6K | +8.4% |
| North | $116.4K | $125.4K | +7.7% |
Housing Supply in Pembroke, MI
How many homes are available in Pembroke, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 97 | +6.6% |
Summary: The Pembroke real estate market had 97 homes for sale in November 2024, a 6.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 71 | 75 | +5.6% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Pembroke 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 remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 10 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pembroke, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Pembroke in November 2024, down by 50.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Pembroke, MI
How long does it take to sell a home in Pembroke, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 36 Days | -23.0% |
Summary: Homes in Pembroke had an average of 36 days on market in Nov 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pembroke are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Pembroke; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
