Is Saint Petersburg, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Saint Petersburg has remained a Seller's Market.
Housing Prices in Saint Petersburg, FL
How much do homes in Saint Petersburg, FL cost?
Median Sold Price
$436,952
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saint Petersburg was $436,952 in April 2024, up 9.2% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $175K | 0.0% |
2 Bedrooms | $345K | $355.1K | +3.0% |
3 Bedrooms | $439K | $486K | +10.7% |
4 Bedrooms | $644.1K | $760.8K | +18.1% |
5+ Bedrooms | $950K | $1.1M | +15.8% |
Summary: Saint Petersburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
Kenneth City | $212.5K | $330K | +55.3% |
Saint Petersburg | $400.1K | $436.9K | +9.2% |
Pinellas Park | $320K | $320K | 0.0% |
Gulfport | $400K | $394.5K | -1.4% |
South Pasadena | $390.5K | $350K | -10.4% |
Housing Supply in Saint Petersburg, FL
How many homes are available in Saint Petersburg, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,294 | 2,359 | +2.8% |
Summary: The Saint Petersburg real estate market had 2,359 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 231 | 214 | -7.4% |
2 Bedrooms | 817 | 833 | +2.0% |
3 Bedrooms | 825 | 862 | +4.5% |
4 Bedrooms | 319 | 338 | +6.0% |
5+ Bedrooms | 102 | 112 | +9.8% |
Summary: The Saint Petersburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
463 | 453 | -2.2% |
Asking Price vs. Sold Price
293 Homes Were Sold
Under Asking
84 Homes Were Sold
At Asking
76 Homes Were Sold
Over Asking
Summary: A total of 453 homes were sold or pending in Saint Petersburg in April 2024, down by 2.2% month-over-month. Of the 453 sold homes, 65% were sold under asking, 19% were sold at asking, and 17% were sold over asking.
Days on Market for Saint Petersburg, FL
How long does it take to sell a home in Saint Petersburg, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 46 Days | +12.5% |
Summary: Homes in Saint Petersburg had an average of 46 days on market in Apr 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
250 Homes Were Sold
Under 30 Days
115 Homes Were Sold
In 30 - 90 Days
88 Homes Were Sold
Over 90 Days
Summary: During April 2024, 453 homes were sold in Saint Petersburg; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.