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 buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Pinellas County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$14,574(+3.8%)

Key Takeaway

Homes in Pinellas County have sold for 3.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $175K$175K
0.0%
2 $304.4K$309.6K
+1.7%
3 $440.8K$468.7K
+6.3%
4 $629.9K$650.9K
+3.3%
5+ $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
+3.8%
Hillsborough County
+1.7%
Pasco County
0.3%

Housing Supply in Pinellas County, FL

How many homes are available in Pinellas County, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7,7308,633+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

# BEDSJan 2024Feb 2024CHANGE
1 758876
+15.6%
2 3,3253,726
+12.1%
3 2,4342,658
+9.2%
4 9091,035
+13.9%
5+ 304338
+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 2024Feb 2024CHANGE
9891,185+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinellas County, you may be able to get a good deal. 73.4% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
43 Days53 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

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 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.

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

Report Updated 27 Days Ago

Newest Listings in Pinellas County, FL

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