State of the Market: Pinecrest
Located just 12 miles from Downtown, Pinecrest is consistently ranked among the most desirable neighborhoods in Miami-Dade County. It’s famous for its lush greenery, oversized lots, quiet streets, and close access to the some of the best schools in the United States.
Here’s what you need to know about how Pinecrest’s Residential Real Estate market is currently looking:
Inventory and Sales in Pinecrest
In January 2025, there were 127 homes for sale in Pinecrest, or about 14 months worth of inventory. That’s more inventory than any month of 2024, and a key indicator of a buyer’s market. Inventories higher than anything we’ve seen since 2019 has been the case for several other popular neighborhoods of Miami, particularly Coral Gables.
Sales volume in Pinecrest started 2025 on the low side — just nine homes were sold in Pinecrest in January of 2025, down 35.7% from the previous month.
How are Homes Priced in Pinecrest?
The sold/original list price ratio was at 94% in January 2025 – which is up 10.6% from December 2024. The average price per square foot in January 2025 was $879, which is up 5.4% from December 2024 but down 9% from January 2024.
Considerable fluctuations in average selling prices are fairly common in Pinecrest, especially at the beginning of the year. This is commonly dependent on the volume of properties sold as home prices in Pinecrest tend to range from $1,000,000 to north of $15,000,000.
What This Means for Buyers and Sellers
Due to the many external factors at play (such as the global economy), it’s hard to say how long Pinecrest will remain in a buyer’s market. As of now, there are fewer buyers to compete with on average, but this is why how we market a property is so important – just because overall demand is in one part of the spectrum doesn’t mean the demand for a particular home will at that rate.
So, if you’re looking to buy or sell property in Pinecrest, we are here to help you find the right situation. Contact us for an individualized analysis at your property looking to sell or we can create one for a property you’re looking to buy.
