Is Saint Petersburg, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Saint Petersburg was a Seller's Market.
Key Takeaway
Saint Petersburg 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 Saint Petersburg, FL
How much do homes in Saint Petersburg, FL cost?
Median Sold Price
$439,766
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Saint Petersburg have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Saint Petersburg was $439,766 in June 2024, up 8.6% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $174.9K | 0% |
| 2 Bedrooms | $348.4K | $355.7K | +2.1% |
| 3 Bedrooms | $443.4K | $489.2K | +10.3% |
| 4 Bedrooms | $632.4K | $741.3K | +17.2% |
| 5+ Bedrooms | $995K | $1.1M | +15.3% |
Summary: Saint Petersburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Kenneth City | $227K | $325K | +43.2% |
| Saint Petersburg | $404.8K | $439.7K | +8.6% |
| Pinellas Park | $317.1K | $326.7K | +3.0% |
| Gulfport | $399.6K | $399K | -0.2% |
| South Pasadena | $375K | $345K | -8.0% |
Housing Supply in Saint Petersburg, FL
How many homes are available in Saint Petersburg, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2,346 | 2,332 | -0.6% |
Summary: The Saint Petersburg real estate market had 2,332 homes for sale in June 2024, a 0.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 200 | 198 | -1.0% |
| 2 Bedrooms | 825 | 792 | -4.0% |
| 3 Bedrooms | 859 | 880 | +2.4% |
| 4 Bedrooms | 341 | 351 | +2.9% |
| 5+ Bedrooms | 121 | 111 | -8.3% |
Summary: The Saint Petersburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 459 | 373 | -18.7% |
Asking Price vs. Sold Price
221 Homes Were Sold
Under Asking
104 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Petersburg, you may be able to get a good deal. 59.2% of homes here sold below asking price last month.
Summary: A total of 373 homes were sold or pending in Saint Petersburg in June 2024, down by 18.7% month-over-month. Of the 373 sold homes, 59% were sold under asking, 28% were sold at asking, and 13% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 34 Days | 39 Days | +14.7% |
Summary: Homes in Saint Petersburg had an average of 39 days on market in Jun 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
224 Homes Were Sold
Under 30 Days
94 Homes Were Sold
In 30 - 90 Days
55 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Petersburg are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 373 homes were sold in Saint Petersburg; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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