Is South Pasadena, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Pasadena is a buyer's market

Buyer's
Market

Difference Since July 2021

At the same time last year, South Pasadena was a Seller's Market.

Key Takeaway

South Pasadena is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in South Pasadena, FL cost?

Median Sold Price

$350,000

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$100,000(+40.0%)

Key Takeaway

Homes in South Pasadena have sold for 40% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $198K$247.4K
+25.0%
2 $280K$405K
+44.6%
3 $549K$589K
+7.3%
4 $637.5K$1.4M
+130.7%
5+ -$1.7M
N/A

Median Sold Price Compared To Nearby Cities

South Pasadena
+40.0%
Saint Pete Beach
+39.3%
Saint Petersburg
+19.9%

How many homes are available in South Pasadena, FL?

Number of Homes For Sale

Jun 2022Jul 2022%
5851-12.1%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 1411
-21.4%
2 3933
-15.4%
3 36
+100.0%
4 10
-100.0%
5+ 11
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
206-70.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Pasadena, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
26 Days12 Days-51.1%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Pasadena 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 South Pasadena, FL

South Pasadena, FL has 51 homes on the market. Between June 2022 and July 2022, South Pasadena, FL real estate market has seen decrease in the number of listings by 12.1%. In July 2022 median list price was $350,000 and the average listing age was 12 days. This housing market listing prices have changed between June 2022 and July 2022: prices of 1 bedroom properties went up by 25%, prices of 2 bedrooms properties went up by 44.6%, the cost of 3 bedrooms properties went up by 7.3%, 4 bedrooms properties became 130.7% more expensive, 5 bedrooms properties became 0% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 21.4%, 2 bedrooms homes inventory decreased by 15.4%, number of 3 bedrooms homes increased by 100%, number of 4 bedrooms homes decreased by 100%, volume of 5 bedrooms homes stayed the same. Over 0 listings were sold over their listed price in July 2022 in South Pasadena, FL. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.

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