Is Saint Pete Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Saint Pete Beach was a Seller's Market.
Key Takeaway
Saint Pete Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saint Pete Beach, FL
How much do homes in Saint Pete Beach, FL cost?
Median Sold Price
$690,000
$538/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Saint Pete Beach have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Saint Pete Beach was $690,000 in March 2024, down 3.2% from last year, and the median price per square foot was $538.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $326.5K | $292K | -10.6% |
| 2 Bedrooms | $654K | $677.5K | +3.6% |
| 3 Bedrooms | $1.2M | $999K | -18.8% |
| 4 Bedrooms | $1.3M | $1.4M | +7.7% |
| 5+ Bedrooms | $1.9M | $1.1M | -43.9% |
Summary: Saint Pete Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 43.9%.
Median Sold Price Compared To Nearby Cities
| Treasure Island | $595K | $745K | +25.2% |
| Saint Petersburg | $399.9K | $434.8K | +8.7% |
| Saint Pete Beach | $712.5K | $690K | -3.2% |
| South Pasadena | $392K | $345K | -12.0% |
Housing Supply in Saint Pete Beach, FL
How many homes are available in Saint Pete Beach, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 245 | 269 | +9.8% |
Summary: The Saint Pete Beach real estate market had 269 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 48 | 53 | +10.4% |
| 2 Bedrooms | 98 | 108 | +10.2% |
| 3 Bedrooms | 64 | 70 | +9.4% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Saint Pete Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Pete Beach, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Saint Pete Beach in March 2024, up by 20.0% month-over-month. Of the 36 sold homes, 83% were sold under asking, 11% were sold at asking, and 6% were sold over asking.
Days on Market for Saint Pete Beach, FL
How long does it take to sell a home in Saint Pete Beach, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 74 Days | +52.2% |
Summary: Homes in Saint Pete Beach had an average of 74 days on market in Mar 2024, up by 52.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Pete Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 36 homes were sold in Saint Pete Beach; 47% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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