Is Saint Petersburg, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Saint Petersburg has remained a Seller's Market.
Housing Prices in Saint Petersburg, FL
How much do homes in Saint Petersburg, FL cost?
Median Sold Price
$439,974
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saint Petersburg was $439,974 in May 2024, up 10% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $175K | 0.0% |
2 Bedrooms | $344.6K | $357.2K | +3.7% |
3 Bedrooms | $439.1K | $491.1K | +11.8% |
4 Bedrooms | $629.7K | $760K | +20.7% |
5+ Bedrooms | $950K | $1.1M | +15.8% |
Summary: Saint Petersburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
Kenneth City | $230K | $330K | +43.5% |
Saint Petersburg | $400K | $439.9K | +10.0% |
Pinellas Park | $318K | $325K | +2.2% |
Gulfport | $398.8K | $400K | 0.3% |
South Pasadena | $389K | $346.5K | -10.9% |
Housing Supply in Saint Petersburg, FL
How many homes are available in Saint Petersburg, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,346 | 2,399 | +2.3% |
Summary: The Saint Petersburg real estate market had 2,399 homes for sale in May 2024, a 2.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 210 | 219 | +4.3% |
2 Bedrooms | 822 | 834 | +1.5% |
3 Bedrooms | 867 | 871 | 0.5% |
4 Bedrooms | 334 | 341 | +2.1% |
5+ Bedrooms | 113 | 134 | +18.6% |
Summary: The Saint Petersburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 18.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
472 | 434 | -8.1% |
Asking Price vs. Sold Price
286 Homes Were Sold
Under Asking
88 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 434 homes were sold or pending in Saint Petersburg in May 2024, down by 8.1% month-over-month. Of the 434 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% were sold over asking.
Days on Market for Saint Petersburg, FL
How long does it take to sell a home in Saint Petersburg, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 50 Days | +56.8% |
Summary: Homes in Saint Petersburg had an average of 50 days on market in May 2024, up by 56.8% compared to last year.
Breakdown of Home Sale Times
223 Homes Were Sold
Under 30 Days
127 Homes Were Sold
In 30 - 90 Days
84 Homes Were Sold
Over 90 Days
Summary: During May 2024, 434 homes were sold in Saint Petersburg; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.