Is Pinellas County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pinellas County has remained a Seller's Market.
Key Takeaway
Pinellas County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pinellas County, FL
How much do homes in Pinellas County, FL cost?
Median Sold Price
$409,500
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pinellas County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Pinellas County was $409,500 in May 2024, up 6% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175.1K | $174.9K | -0.1% |
| 2 Bedrooms | $304.5K | $314.8K | +3.4% |
| 3 Bedrooms | $444.7K | $478.8K | +7.7% |
| 4 Bedrooms | $625.1K | $678.4K | +8.5% |
| 5+ Bedrooms | $942K | $1.0M | +7.8% |
Summary: Pinellas County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Counties
| Pinellas County | $386.2K | $409.5K | +6.0% |
| Hillsborough County | $390.7K | $400.1K | +2.4% |
| Pasco County | $329.6K | $331K | 0.4% |
Housing Supply in Pinellas County, FL
How many homes are available in Pinellas County, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9,292 | 9,400 | +1.2% |
Summary: The Pinellas County real estate market had 9,400 homes for sale in May 2024, a 1.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 881 | 909 | +3.2% |
| 2 Bedrooms | 3,762 | 3,751 | -0.3% |
| 3 Bedrooms | 3,083 | 3,116 | +1.1% |
| 4 Bedrooms | 1,181 | 1,218 | +3.1% |
| 5+ Bedrooms | 385 | 406 | +5.5% |
Summary: The Pinellas County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 5.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,742 | 1,583 | -9.1% |
Asking Price vs. Sold Price
1,109 Homes Were Sold
Under Asking
277 Homes Were Sold
At Asking
197 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pinellas County, you may be able to get a good deal. 70.1% of homes here sold below asking price last month.
Summary: A total of 1,583 homes were sold or pending in Pinellas County in May 2024, down by 9.1% month-over-month. Of the 1,583 sold homes, 70% were sold under asking, 17% were sold at asking, and 12% were sold over asking.
Days on Market for Pinellas County, FL
How long does it take to sell a home in Pinellas County, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 52 Days | +50.3% |
Summary: Homes in Pinellas County had an average of 52 days on market in May 2024, up by 50.3% compared to last year.
Breakdown of Home Sale Times
786 Homes Were Sold
Under 30 Days
492 Homes Were Sold
In 30 - 90 Days
305 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pinellas County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1583 homes were sold in Pinellas County; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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