Is Downtown Saint Petersburg, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown Saint Petersburg was a Seller's Market.
Housing Prices in Downtown Saint Petersburg, FL
How much do homes in Downtown Saint Petersburg, FL cost?
Median Sold Price
$1,248,570
$650/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown Saint Petersburg was $1,248,570 in April 2024, up 73.4% from last year, and the median price per square foot was $650.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $505K | $361K | -28.5% |
2 Bedrooms | $722.5K | $1.1M | +61.4% |
3 Bedrooms | $1.1M | $1.8M | +60.9% |
4 Bedrooms | $950K | $1.6M | +77.6% |
5+ Bedrooms | $5.1M | - | N/A |
Summary: Downtown Saint Petersburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.5%, 2 bedroom homes increased by 61.4%, 3 bedroom homes increased by 60.9%, 4 bedroom homes increased by 77.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Downtown Saint Petersburg | $720K | $1.2M | +73.4% |
Historic Old Northeast | $887K | $1.0M | +17.6% |
Historic Uptown | $628.7K | $570K | -9.3% |
Housing Supply in Downtown Saint Petersburg, FL
How many homes are available in Downtown Saint Petersburg, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
154 | 144 | -6.5% |
Summary: The Downtown Saint Petersburg real estate market had 144 homes for sale in April 2024, a 6.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 26 | -16.1% |
2 Bedrooms | 72 | 68 | -5.6% |
3 Bedrooms | 47 | 44 | -6.4% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Saint Petersburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.1%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 18 | -37.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Downtown Saint Petersburg in April 2024, down by 37.9% month-over-month. Of the 18 sold homes, 83% were sold under asking, 6% were sold at asking, and 11% were sold over asking.
Days on Market for Downtown Saint Petersburg, FL
How long does it take to sell a home in Downtown Saint Petersburg, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 69 Days | +79.2% |
Summary: Homes in Downtown Saint Petersburg had an average of 69 days on market in Apr 2024, up by 79.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Downtown Saint Petersburg; 39% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.