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Monday, November 4, 2024

First half of 2022: Home prices in Pembroke Park increased

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The median sale price of a home sold in the first half of 2022 in Pembroke Park rose by $2,500 while total sales increased by 153.6 percent, according to BlockShopper.com.

From January through June, there were 142 homes sold, with a median sale price of $115,000 - a 2.2 percent increase over the $112,500 median sale price for the same period of the previous year. There were 56 homes sold in Pembroke Park in the first half of 2021.

The median sales tax in Pembroke Park for the most recent year with available data, 2017, was $1,817, approximately 1.6 percent of the median home sale price for the first half of 2022.

The following table compares Pembroke Park to other Broward County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Hallandale Beach1,1521,1420.9$279,500$230,00021.5
Dania Beach4854556.6$275,000$242,00013.6
North Lauderdale3893821.8$255,000$210,00021.4
Sunrise1,2151,2150$255,000$245,0004.1
Tamarac1,2881,1938$251,950$220,00014.5
Margate8247569$249,250$195,00027.8
Coconut Creek703806-12.8$240,000$193,00024.4
Deerfield Beach1,5151,4117.4$198,000$185,1007
Lauderhill1,03885721.1$137,000$113,00021.2
Pembroke Park14256153.6$115,000$112,5002.2
Lauderdale Lakes53335052.3$100,000$82,00022

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