Is Pinellas County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinellas County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Pinellas County has remained a Seller's Market.

Key Takeaway

Pinellas County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pinellas County, FL

How much do homes in Pinellas County, FL cost?

Median Sold Price

$400,011

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$13,869(+3.6%)

Key Takeaway

Homes in Pinellas County have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Pinellas County was $400,011 in March 2024, up 3.6% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $175K$175K
0.0%
2 $305.8K$310K
+1.4%
3 $443.1K$469.2K
+5.9%
4 $632.5K$657.3K
+3.9%
5+ $930K$1.0M
+10.8%

Summary: Pinellas County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 10.8%.

Median Sold Price Compared To Nearby Counties

Pinellas County
+3.6%
Hillsborough County
+1.3%
Pasco County
0.0%

Housing Supply in Pinellas County, FL

How many homes are available in Pinellas County, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8,6019,325+8.4%

Summary: The Pinellas County real estate market had 9,325 homes for sale in March 2024, a 8.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 856985
+15.1%
2 3,6903,955
+7.2%
3 2,6782,891
+8.0%
4 1,0481,124
+7.3%
5+ 329370
+12.5%

Summary: The Pinellas County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1,2561,603+27.6%

Asking Price vs. Sold Price

1,170 Homes Were Sold
Under Asking

250 Homes Were Sold
At Asking

183 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinellas County, you may be able to get a good deal. 73% of homes here sold below asking price last month.

Summary: A total of 1,603 homes were sold or pending in Pinellas County in March 2024, up by 27.6% month-over-month. Of the 1,603 sold homes, 73% were sold under asking, 16% were sold at asking, and 11% were sold over asking.

Days on Market for Pinellas County, FL

How long does it take to sell a home in Pinellas County, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days52 Days+22.1%

Summary: Homes in Pinellas County had an average of 52 days on market in Mar 2024, up by 22.1% compared to last year.

Breakdown of Home Sale Times

836 Homes Were Sold
Under 30 Days

424 Homes Were Sold
In 30 - 90 Days

343 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pinellas County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1603 homes were sold in Pinellas County; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Pinellas County, FL

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