Pembroke, MA 02359 Real Estate Market Report

ZIP Code: 02359
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Pembroke, MA housing market is currently characterized by a median sold price of $609,000, reflecting a robust demand and significant price appreciation. The neighborhood has increased 15% since 2023, indicating a strong upward trend in property values. This growth is further supported by a median listing price of $699,450, suggesting that sellers are optimistic about achieving favorable sales outcomes despite the notable gap between listing and sold prices.

Market activity indicates a hot environment, with median days on market at 223, which may suggest slower sales velocity relative to the elevated inventory levels. The current market conditions appear to favor sellers, although the median market rent of $3,250 also highlights strong rental demand, reinforcing the overall positive sentiment in the Pembroke market. This dynamic suggests a resilient market where buyer interest remains high, despite some signs of inventory pressure.

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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

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 near 6.35% in Pembroke MA are approximately 0.4% higher than the average 5.99% seen in January 2026, suggesting property owners locked in a slightly more favorable rate recently.

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 median sold price of $609,000 indicates strong market demand and competitive pricing.

2. With a median listing price of $699,450, there is a notable gap that may reflect seller expectations versus market reality.

3. The median days on market of 223 suggests slower sales velocity, indicating potential pricing friction in the market.

4. The median market rent of $3,250 demonstrates robust rental demand, complementing the sales activity in the area.

5. The market is currently described as hot, suggesting a strong buyer interest despite elevated inventory levels.

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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.