Pembroke Pines Housing Market Update: Prices Ease, Inventory Builds Into Spring
Pembroke Pines, FL – March 13, 2026 – Home prices edged lower year over year as inventory topped 1,100 listings and buyers gained leverage.
Top takeaways
- Median sale price was $520K in February, down 2.8% year over year.
- Average home value sits near $486K, off 4.8% from a year ago.
- Inventory reached 1,110 active listings at the end of February.
Market snapshot
The Pembroke Pines housing market is showing modest cooling heading into mid-March. Redfin reports a February median sale price of $520K, with homes taking about 84 days to sell on average. Roughly 119 homes closed during the month, fewer than a year earlier, and most properties sold below list price.
Zillow’s latest data puts the typical home value at $486,041, down 4.8% year over year. Active inventory stood at 1,110 homes at the end of February, alongside 198 new listings for the month. The median sale-to-list ratio was 0.972, indicating sellers are often accepting slightly under asking.
Overall, conditions resemble a balanced-to-buyer-leaning market, with more negotiating room than during the peak pandemic years.
What’s for sale
- Single-family homes in gated communities, many listed from the high $400Ks to mid $600Ks.
- Townhomes and villas commonly priced in the $300Ks and low $400Ks.
- Condo inventory offering entry points below many single-family options.
Listings span established neighborhoods and newer developments, giving buyers a broader mix of price points and property types than seen in prior springs.
Outlook
With mortgage rates below their 2023 peaks and inventory up from last year, spring activity will hinge on buyer confidence and pricing strategy. Sellers who align with recent comparable sales appear best positioned as days on market remain elevated compared to prior cycles.
Sources
What are you seeing in your neighborhood — more price cuts, or renewed competition?