Is Saint Petersburg, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Saint Petersburg was a Seller's Market.
Housing Prices in Saint Petersburg, FL
How much do homes in Saint Petersburg, FL cost?
Median Sold Price
$431,826
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Saint Petersburg was $431,826 in February 2024, up 8% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175.5K | $178.7K | +1.9% |
2 Bedrooms | $340.1K | $359.9K | +5.8% |
3 Bedrooms | $435.2K | $481K | +10.5% |
4 Bedrooms | $633.9K | $690.6K | +9.0% |
5+ Bedrooms | $930K | $1.1M | +20.3% |
Summary: Saint Petersburg housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Cities
Kenneth City | $172.5K | $329K | +90.7% |
Saint Petersburg | $399.8K | $431.8K | +8.0% |
Gulfport | $399.4K | $399.6K | 0.0% |
Pinellas Park | $319.9K | $316.1K | -1.2% |
South Pasadena | $377.5K | $360K | -4.6% |
Housing Supply in Saint Petersburg, FL
How many homes are available in Saint Petersburg, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,928 | 2,155 | +11.8% |
Summary: The Saint Petersburg real estate market had 2,155 homes for sale in February 2024, a 11.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 172 | 218 | +26.7% |
2 Bedrooms | 715 | 784 | +9.7% |
3 Bedrooms | 702 | 756 | +7.7% |
4 Bedrooms | 243 | 291 | +19.8% |
5+ Bedrooms | 96 | 106 | +10.4% |
Summary: The Saint Petersburg housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 10.4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
260 | 323 | +24.2% |
Asking Price vs. Sold Price
228 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 323 homes were sold or pending in Saint Petersburg in February 2024, up by 24.2% month-over-month. Of the 323 sold homes, 71% were sold under asking, 17% were sold at asking, and 12% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 50 Days | +18.6% |
Summary: Homes in Saint Petersburg had an average of 50 days on market in Feb 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
163 Homes Were Sold
Under 30 Days
95 Homes Were Sold
In 30 - 90 Days
65 Homes Were Sold
Over 90 Days
Summary: During February 2024, 323 homes were sold in Saint Petersburg; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.