The housing market in Pembroke Pines, Florida, presents a dynamic landscape for both buyers and sellers. Understanding the current trends is essential for making informed decisions.
Current Market Trends
As of March 2026, the median sale price for homes in Pembroke Pines was $497,000, reflecting a 6.3% decrease compared to the previous year. Homes typically sell after 92 days on the market, an increase from 76 days the prior year. Notably, 166 homes were sold in March, up from 125 in the same month last year, indicating a 32.8% increase in sales volume.
Inventory and Competition
The market is experiencing a tightening of inventory. In February 2026, single-family home sales in Pembroke Pines fell by 24% year-over-year, with active inventory decreasing by 29%. This reduction has led to a three-month supply of homes, creating a seller’s market. Despite the limited inventory, median sales prices have remained relatively stable, with single-family homes averaging $663,000, higher than Broward County’s median of $620,000.
New Developments
In April 2026, the Douglas Gardens Residences at Miami Jewish Health opened its doors. This 410-unit affordable living community caters to residents aged 55 and up, combining independent living with on-site healthcare services. Located at 713 SW 88th Ave., this development addresses the growing demand for senior housing in the area.
Conclusion
The Pembroke Pines housing market is characterized by decreasing home prices, reduced inventory, and increased sales activity. Prospective buyers and sellers should stay informed about these trends to navigate the market effectively.