Is Saint Petersburg, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Petersburg is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Saint Petersburg has remained a Seller's Market.

Key Takeaway

Saint Petersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Saint Petersburg, FL cost?

Median Sold Price

$382,807

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$67,761(+21.5%)

Key Takeaway

Homes in Saint Petersburg have sold for 21.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $133.4K$172K
+28.9%
2 $263.1K$325.1K
+23.6%
3 $347.2K$424.6K
+22.3%
4 $533K$603.3K
+13.2%
5+ $897.5K$922K
+2.7%

Median Sold Price Compared To Nearby Cities

South Pasadena
+31.1%
Gulfport
+26.6%
Pinellas Park
+26.2%
Saint Petersburg
+21.5%
Kenneth City
-16.7%

How many homes are available in Saint Petersburg, FL?

Number of Homes For Sale

Sep 2022Oct 2022%
1,5321,649+7.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 124121
-2.4%
2 526559
+6.3%
3 604661
+9.4%
4 198226
+14.1%
5+ 8082
+2.5%

Number of Homes Sold

Sep 2022Oct 2022%
343354+3.2%

Asking Price vs. Sold Price

215 Homes Were Sold
Under Asking

65 Homes Were Sold
At Asking

74 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Petersburg, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
20 Days25 Days+24.8%

Breakdown of Home Sale Times

243 Homes Were Sold
Under 30 Days

94 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Petersburg are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Saint Petersburg, FL

There are 1,649 homes are for sale in Saint Petersburg, FL real estate market. Between September 2022 and October 2022, Saint Petersburg, FL real estate market has seen increase in the number of listings by 7.6%. In October 2022 median list price was $382,807 and the average listing age was 25 days. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties became 28.9% more expensive, 2 bedrooms properties became 23.6% more expensive, the cost of 3 bedrooms properties went up by 22.3%, prices of 4 bedrooms properties went up by 13.2%, prices of 5 bedrooms properties went up by 2.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 2.4% less available, the quantity of 2 bedrooms homes went up by 6.3%, 3 bedrooms homes inventory increased by 9.4%, the quantity of 4 bedrooms homes went up by 14.1%, the quantity of 5 bedrooms homes went up by 2.5%. In October 2022 more than 74 listings in Saint Petersburg, FL were sold above the asking price. During the same period more than 65 listings were sold at asking price, while more than 215 were sold below.

Related Housing Market Reports