$10,000 Closing Credit*
$1,800,000
2,052 SqFt
2 Beds
•2 Full Baths
Amber Bennett, Listing Office: KELLER WILLIAMS ST PETE REALTY
Is Downtown Saint Petersburg, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Downtown Saint Petersburg was a Seller's Market.
Key Takeaway
Downtown Saint Petersburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Saint Petersburg, FL
How much do homes in Downtown Saint Petersburg, FL cost?
Median Sold Price
$955,000
$585/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$160,017(-14.4%)
Key Takeaway
Homes in Downtown Saint Petersburg have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in Downtown Saint Petersburg was $955,000 in November 2024, down 14.4% from last year, and the median price per square foot was $585.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $412.5K | $308.5K | -25.2% |
| 2 Bedrooms | $1.0M | $1.0M | -2.0% |
| 3 Bedrooms | $1.9M | $1.3M | -31.7% |
| 4 Bedrooms | $1.3M | $7.2M | +439.6% |
| 5+ Bedrooms | $5.1M | - | N/A |
Summary: Downtown Saint Petersburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.2%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 31.7%, 4 bedroom homes increased by 439.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Historic Uptown | $540K | $620K | +14.8% |
| Historic Old Northeast | $1.0M | $1.0M | +1.0% |
| Downtown Saint Petersburg | $1.1M | $955K | -14.4% |
Housing Supply in Downtown Saint Petersburg, FL
How many homes are available in Downtown Saint Petersburg, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 141 | 139 | -1.4% |
Summary: The Downtown Saint Petersburg real estate market had 139 homes for sale in November 2024, a 1.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 23 | +4.5% |
| 2 Bedrooms | 80 | 79 | -1.3% |
| 3 Bedrooms | 34 | 31 | -8.8% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown Saint Petersburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Saint Petersburg, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Downtown Saint Petersburg in November 2024, the same as the previous month. Of the 18 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Saint Petersburg, FL
How long does it take to sell a home in Downtown Saint Petersburg, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 107 Days | +837.1% |
Summary: Homes in Downtown Saint Petersburg had an average of 107 days on market in Nov 2024, up by 837.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downtown Saint Petersburg has remained consistent over time.
Summary: During November 2024, 18 homes were sold in Downtown Saint Petersburg; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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