Is Pinellas County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$412,393
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175.1K | $172.8K | -1.3% |
2 Bedrooms | $303.2K | $315.9K | +4.2% |
3 Bedrooms | $444.3K | $480.8K | +8.2% |
4 Bedrooms | $623.1K | $681.6K | +9.4% |
5+ Bedrooms | $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 | $385.3K | $412.3K | +7.0% |
Hillsborough County | $390.2K | $402.1K | +3.0% |
Pasco County | $329K | $334.6K | +1.7% |
Housing Supply in Pinellas County, FL
How many homes are available in Pinellas County, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9,214 | 9,243 | 0.3% |
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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 856 | 899 | +5.0% |
2 Bedrooms | 3,664 | 3,601 | -1.7% |
3 Bedrooms | 3,090 | 3,078 | -0.4% |
4 Bedrooms | 1,213 | 1,272 | +4.9% |
5+ Bedrooms | 391 | 393 | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
1,669 | 1,345 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
35 Days | 51 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
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.