Is Pinellas Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinellas Park is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Pinellas Park 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 Park, FL

How much do homes in Pinellas Park, FL cost?

Median Sold Price

$329,455

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$14,080(+4.5%)

Key Takeaway

Homes in Pinellas Park have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Pinellas Park was $329,455 in September 2024, up 4.5% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $132.9K$130.5K
-1.8%
2 $260.6K$275K
+5.5%
3 $353.9K$371.5K
+4.9%
4 $390K$440K
+12.8%
5+ $880K$535K
-39.2%

Summary: Pinellas Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 39.2%.

Median Sold Price Compared To Nearby Cities

Saint Petersburg
+5.5%
Pinellas Park
+4.5%
Largo
+4.5%

Housing Supply in Pinellas Park, FL

How many homes are available in Pinellas Park, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
289262-9.3%

Summary: The Pinellas Park real estate market had 262 homes for sale in September 2024, a 9.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 914
+55.6%
2 133113
-15.0%
3 107101
-5.6%
4 3329
-12.1%
5+ 75
-28.6%

Summary: The Pinellas Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55.6%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7340-45.2%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinellas Park, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Pinellas Park in September 2024, down by 45.2% month-over-month. Of the 40 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.

Days on Market for Pinellas Park, FL

How long does it take to sell a home in Pinellas Park, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
32 Days39 Days+22.4%

Summary: Homes in Pinellas Park had an average of 39 days on market in Sep 2024, up by 22.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pinellas Park are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 40 homes were sold in Pinellas Park; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% 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 30 Days Ago

Newest Listings in Pinellas Park, FL

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