Pembroke, MA 02359 Real Estate Market Report

ZIP Code: 02359
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Pembroke, MA are approximately 6.3% compared to the 5.9% average observed during February 2026, reflecting a market-wide increase in borrowing costs.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator is the median sold price of 609,000, which points to realized transaction value and suggests recent sales are tracking above the median listing price of 534,900; this disparity may indicate seller-price strength and pricing friction between asking and cleared transactions.

2. Liquidity appears slower: the median days on market is 240, which, when combined with a relatively constrained active supply in the analyzed sample, suggests slower sales velocity and possible elongated time-to-close for priced-to-market listings.

3. On unit economics, the median price per square foot is 249 while the median market rent is 2,617; with price year-over-year trend noted as up and rent year-over-year trend noted as up, these signals collectively indicate persistent demand-side support even as interest rate pressure is elevated.

4. Strategic implication for participants: lenders and buyers must account for financing headwinds—Current 30-year fixed mortgage rates in Pembroke, MA are approximately 6.3% compared to the 5.9% average observed during February 2026—while sellers can consider disciplined pricing given the market temperature is described as hot and the median sold price reflects realized market strength.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Pembroke, MA 02359 Real Estate Market Report

ZIP Code: 02359
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Pembroke, MA are approximately 6.3% compared to the 5.9% average observed during February 2026, reflecting a market-wide increase in borrowing costs.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's median sold price is 509,900, which serves as the primary indicator of current market value and anchors pricing expectations for recent transactions in Pembroke, MA.

2. Despite a hot market temperature and prices trending up, the long median days on market of 325 suggests slower sales velocity and potential pricing friction between asking and achieved sale levels.

3. The market shows strong per-unit pricing with a median price per square foot of 376 and rents also trending up with a median market rent of 2,617, indicating continued demand support for both owner-occupied and condominium segments.

4. Borrowing cost pressure is a material headwind: interest rate pressure is characterized as elevated, and current mortgage conditions note that "Current 30-year fixed mortgage rates in Pembroke, MA are approximately 6.3% compared to the 5.9% average observed during February 2026," which may temper buyer capacity and extend time-to-contract despite upward price trends.

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Notable Properties

The following 6 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.