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 November 2022
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
$683,666
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Saint Pete Beach have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Saint Pete Beach was $683,666 in November 2023, down 2.8% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $293K | -7.0% |
| 2 Bedrooms | $639K | $652.5K | +2.1% |
| 3 Bedrooms | $1.2M | $980K | -19.0% |
| 4 Bedrooms | $1.4M | $1.4M | 0.0% |
| 5+ Bedrooms | $1.9M | $1.1M | -43.9% |
Summary: Saint Pete Beach housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 19%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 43.9%.
Median Sold Price Compared To Nearby Cities
| Treasure Island | $606.3K | $725K | +19.6% |
| Saint Petersburg | $388.6K | $425.1K | +9.4% |
| South Pasadena | $350K | $360K | +2.9% |
| Saint Pete Beach | $703.3K | $683.6K | -2.8% |
Housing Supply in Saint Pete Beach, FL
How many homes are available in Saint Pete Beach, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 156 | 174 | +11.5% |
Summary: The Saint Pete Beach real estate market had 174 homes for sale in November 2023, a 11.5% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 35 | +20.7% |
| 2 Bedrooms | 65 | 66 | +1.5% |
| 3 Bedrooms | 43 | 46 | +7.0% |
| 4 Bedrooms | 16 | 22 | +37.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Saint Pete Beach housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Saint Pete Beach in November 2023, up by 23.1% month-over-month. Of the 16 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 29 Days | 54 Days | +84.8% |
Summary: Homes in Saint Pete Beach had an average of 54 days on market in Nov 2023, up by 84.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 November 2023, 16 homes were sold in Saint Pete Beach; 69% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2023 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.