Is Downtown Saint Pete Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downtown Saint Pete Beach is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Downtown Saint Pete Beach was a Neutral Market.

Key Takeaway

Downtown Saint Pete Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Downtown Saint Pete Beach, FL

How much do homes in Downtown Saint Pete Beach, FL cost?

Median Sold Price

$517,500

$580/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$80,957(-13.5%)

Key Takeaway

Homes in Downtown Saint Pete Beach have sold for 13.5% less than they did a year ago.

Summary: The median home sold price in Downtown Saint Pete Beach was $517,500 in October 2024, down 13.5% from last year, and the median price per square foot was $580.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $310K$315K
+1.6%
2 $680K$680K
0.0%
3 $1.1M$1.3M
+17.6%
4 $999K$1.5M
+59.8%
5+ $2.1M-
N/A

Summary: Downtown Saint Pete Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 59.8%, and 5+ bedroom homes did not change.

Housing Supply in Downtown Saint Pete Beach, FL

How many homes are available in Downtown Saint Pete Beach, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4544-2.2%

Summary: The Downtown Saint Pete Beach real estate market had 44 homes for sale in October 2024, a 2.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1212
0.0%
2 2723
-14.8%
3 34
+33.3%
4 13
+200.0%
5+ 22
0.0%

Summary: The Downtown Saint Pete Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downtown Saint Pete Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Downtown Saint Pete Beach in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Downtown Saint Pete Beach, FL

How long does it take to sell a home in Downtown Saint Pete Beach, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days60 Days+1.4%

Summary: Homes in Downtown Saint Pete Beach had an average of 60 days on market in Oct 2024, up by 1.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Downtown Saint Pete Beach; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

Newest Listings in Downtown Saint Pete Beach, FL

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