Is Pinellas County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Pinellas County was a Seller's Market.
Housing Prices in Pinellas County, FL
How much do homes in Pinellas County, FL cost?
Median Sold Price
$399,800
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Pinellas County was $399,800 in February 2024, up 3.8% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $175K | 0.0% |
2 Bedrooms | $304.4K | $309.6K | +1.7% |
3 Bedrooms | $440.8K | $468.7K | +6.3% |
4 Bedrooms | $629.9K | $650.9K | +3.3% |
5+ Bedrooms | $930K | $1.0M | +9.2% |
Summary: Pinellas County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Counties
Pinellas County | $385.2K | $399.8K | +3.8% |
Hillsborough County | $392.2K | $399.1K | +1.7% |
Pasco County | $328.9K | $329.9K | 0.3% |
Housing Supply in Pinellas County, FL
How many homes are available in Pinellas County, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7,730 | 8,633 | +11.7% |
Summary: The Pinellas County real estate market had 8,633 homes for sale in February 2024, a 11.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 758 | 876 | +15.6% |
2 Bedrooms | 3,325 | 3,726 | +12.1% |
3 Bedrooms | 2,434 | 2,658 | +9.2% |
4 Bedrooms | 909 | 1,035 | +13.9% |
5+ Bedrooms | 304 | 338 | +11.2% |
Summary: The Pinellas County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 11.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
989 | 1,185 | +19.8% |
Asking Price vs. Sold Price
870 Homes Were Sold
Under Asking
188 Homes Were Sold
At Asking
127 Homes Were Sold
Over Asking
Summary: A total of 1,185 homes were sold or pending in Pinellas County in February 2024, up by 19.8% month-over-month. Of the 1,185 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
43 Days | 53 Days | +21.7% |
Summary: Homes in Pinellas County had an average of 53 days on market in Feb 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
541 Homes Were Sold
Under 30 Days
394 Homes Were Sold
In 30 - 90 Days
250 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1185 homes were sold in Pinellas County; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.