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 August 2021

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.

How much do homes in Pinellas County, FL cost?

Median Sold Price

$366,209

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$66,222(+22.1%)

Key Takeaway

Homes in Pinellas County have sold for 22.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $125.1K$160.5K
+28.3%
2 $231.8K$289.7K
+25.0%
3 $344.6K$423.8K
+23.0%
4 $501K$592.5K
+18.3%
5+ $795.5K$910K
+14.4%

Median Sold Price Compared To Nearby Counties

Hillsborough County
+24.7%
Pinellas County
+22.1%
Pasco County
+22.0%

How many homes are available in Pinellas County, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
5,8916,062+2.9%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 412435
+5.6%
2 2,1632,219
+2.6%
3 2,1762,235
+2.7%
4 880906
+3.0%
5+ 260267
+2.7%

Number of Homes Sold

Jul 2022Aug 2022%
1,4221,592+12.0%

Asking Price vs. Sold Price

846 Homes Were Sold
Under Asking

331 Homes Were Sold
At Asking

415 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. 53.1% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
17 Days19 Days+12.7%

Breakdown of Home Sale Times

1,243 Homes Were Sold
Under 30 Days

308 Homes Were Sold
In 30 - 90 Days

41 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.

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

About Pinellas County, FL

There are 6,062 homes are for sale in Pinellas County, FL real estate market. In August 2022 in Pinellas County, FL there were 2.9% more homes for sale than in July 2022. Listings spent 19 days on the market in August 2022, and had a median list price of $366,209 during the same period. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 28.3% more expensive, prices of 2 bedrooms properties increased by 25%, prices of 3 bedrooms properties went up by 23%, prices of 4 bedrooms properties went up by 18.3%, the cost of 5 bedrooms properties went up by 14.4%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory increased by 5.6%, volume of 2 bedrooms homes went up by 2.6%, volume of 3 bedrooms homes went up by 2.7%, number of 4 bedrooms homes increased by 3%, the quantity of 5 bedrooms homes went up by 2.7%. Over 415 listings were sold over their listed price in August 2022 in Pinellas County, FL. In the same period over 846 listings were sold below the listed price and 331 listings were sold for the listed price.

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