Is Pembroke, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pembroke is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Pembroke was a Seller's Market.

Key Takeaway

Pembroke is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pembroke, NC

How much do homes in Pembroke, NC cost?

Median Sold Price

$180,450

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$11,550(-6.0%)

Key Takeaway

Homes in Pembroke have sold for 6% less than they did a year ago.

Summary: The median home sold price in Pembroke was $180,450 in December 2024, down 6% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $75K$190.9K
+154.5%
3 $165K$170K
+3.0%
4 $500K-
N/A
5+ $205K$308.9K
+50.7%

Summary: Pembroke housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 154.5%, 3 bedroom homes increased by 3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 50.7%.

Housing Supply in Pembroke, NC

How many homes are available in Pembroke, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
770.0%

Summary: The Pembroke real estate market had 7 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 55
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Pembroke housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pembroke, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Pembroke in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pembroke, NC

How long does it take to sell a home in Pembroke, NC?

Average Sale Time

Dec 2023Dec 2024CHANGE
119 Days28 Days-76.5%

Summary: Homes in Pembroke had an average of 28 days on market in Dec 2024, down by 76.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pembroke are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Pembroke; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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