- The Pembroke Pines Report
- Posts
- 99 New Listings and Contracts Hit the Market This Week in Pembroke Pines
99 New Listings and Contracts Hit the Market This Week in Pembroke Pines
Median price of homes going under contract? $491,500 — here's what that tells us.

A Busy Week in Pembroke Pines Real Estate
The Pembroke Pines housing market had a solid surge in activity this past week with 99 homes either newly listed or going under contract.
Whether you’re shopping for your next place or watching the market for investment opportunities, here’s what the latest activity tells us — especially about pricing and days on market.
Market Snapshot
New Homes Listed in last 7 days: 58
New Homes Under Contract in last 7 days: 41
Median Days on Market: 28.5
Median Price: $491,500
💡 Pro Tip:
This tells us: well-priced homes in that $450K–$500K range are getting solid attention and are being snapped up within 4–6 weeks, or sooner.
👉 Why it matters:
If you’re listing this month, that $475K–$500K price point is the sweet spot.
Prep your home right and expect a fast turnaround.
Buyers are active, but picky — condition and presentation still matter.
Mortgage Snapshot
Interest Rate: 6.91%
For example:
If you wanted to buy a home for: $491,500
Downpayment (5%): $24,575
Est. Monthly Mortgage payment: $3,091
💡 Pro Tip:
A 5% down payment on a $491K home is about $24,575 up front — but the real pressure is in the monthly. With today’s 6.91% rate, you're looking at around $3,091/mo just in principal and interest. Want to compete? Know your number before you start shopping.
👉 Why it matters: At today’s rate, every $10K increase in price adds ~$63/month to your payment. That’s why smart pricing and pre-approval matters more than ever. Lock in a rate early and budget with total monthly cost in mind — not just purchase price.
💬 Thinking about buying?
With the market moving quickly, all of our clients are already pre-approved and ready to make offers. If you’d like an intro to a trusted mortgage lender, just hit reply — I’m happy to connect you.