The housing market in Pembroke Pines, Florida, has experienced notable shifts recently, reflecting broader trends in Broward County. Understanding these changes is essential for prospective buyers, sellers, and renters.
Current Market Trends
As of May 2026, the median sale price for homes in Pembroke Pines was approximately $507,000, marking a 4.3% decrease compared to the previous year. Homes typically remained on the market for about 78 days before being sold. Despite the decline in prices, the number of homes sold increased by 29.6% year-over-year, indicating sustained demand in the area.
Inventory and Competition
The city has faced a tightening inventory, with active listings decreasing by 13.62% over the past year. This reduction has contributed to a more competitive market, positioning Pembroke Pines among the most sought-after areas in Broward County. The limited supply has created a seller’s market, where buyers may encounter increased competition and potentially higher prices.
Rental Market Overview
For renters, the median rent in Pembroke Pines stood at $2,590 per month as of May 2026, reflecting a 2.78% increase from the previous year. The rental market remains robust, with a 16.22% rise in available rental properties over the same period, offering a variety of options for prospective tenants.
New Developments
In April 2026, the Douglas Gardens Residences at Miami Jewish Health opened its doors, providing 410 affordable housing units for residents aged 55 and older. Located at 713 SW 88th Ave., this development integrates independent living with on-site healthcare services, addressing the growing demand for senior housing in the community.
Conclusion
The Pembroke Pines housing market presents a dynamic landscape characterized by decreasing home prices, limited inventory, and a competitive environment. Both buyers and renters should stay informed about these trends to make well-informed decisions. The introduction of new developments like the Douglas Gardens Residences also highlights the city’s commitment to meeting the diverse housing needs of its residents.