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 neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Pinellas County was a Seller's Market.

Key Takeaway

Pinellas County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pinellas County, FL

How much do homes in Pinellas County, FL cost?

Median Sold Price

$412,393

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$27,056(+7.0%)

Key Takeaway

Homes in Pinellas County have sold for 7% more than they did a year ago.

Summary: The median home sold price in Pinellas County was $412,393 in June 2024, up 7% from last year, and the median price per square foot was $298.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $175.1K$172.8K
-1.3%
2 $303.2K$315.9K
+4.2%
3 $444.3K$480.8K
+8.2%
4 $623.1K$681.6K
+9.4%
5+ $939K$1.0M
+16.9%

Summary: Pinellas County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 16.9%.

Median Sold Price Compared To Nearby Counties

Pinellas County
+7.0%
Hillsborough County
+3.0%
Pasco County
+1.7%

Housing Supply in Pinellas County, FL

How many homes are available in Pinellas County, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
9,2149,2430.3%

Summary: The Pinellas County real estate market had 9,243 homes for sale in June 2024, a 0.3% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 856899
+5.0%
2 3,6643,601
-1.7%
3 3,0903,078
-0.4%
4 1,2131,272
+4.9%
5+ 391393
0.5%

Summary: The Pinellas County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 0.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1,6691,345-19.4%

Asking Price vs. Sold Price

937 Homes Were Sold
Under Asking

259 Homes Were Sold
At Asking

149 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. 69.7% of homes here sold below asking price last month.

Summary: A total of 1,345 homes were sold or pending in Pinellas County in June 2024, down by 19.4% month-over-month. Of the 1,345 sold homes, 70% were sold under asking, 19% 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

Jun 2023Jun 2024CHANGE
35 Days51 Days+44.8%

Summary: Homes in Pinellas County had an average of 51 days on market in Jun 2024, up by 44.8% compared to last year.

Breakdown of Home Sale Times

689 Homes Were Sold
Under 30 Days

413 Homes Were Sold
In 30 - 90 Days

243 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 June 2024, 1345 homes were sold in Pinellas County; 51% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 18% 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 26 Days Ago

Newest Listings in Pinellas County, FL

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