$10,000 Closing Credit*
$2,199,000
2,006 SqFt
2 Beds
•3 Full Baths
Peggy Wolfe, Listing Office: SMITH & ASSOCIATES REAL ESTATE
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 October 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
$1,100,000
$614/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,465(+5.2%)
Key Takeaway
Homes in Downtown Saint Petersburg have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Downtown Saint Petersburg was $1,100,000 in October 2024, up 5.2% from last year, and the median price per square foot was $614.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $407.5K | $310K | -23.9% |
| 2 Bedrooms | $1.0M | $1.1M | +12.3% |
| 3 Bedrooms | $1.7M | $1.5M | -15.1% |
| 4 Bedrooms | $1.3M | $7.2M | +448.0% |
| 5+ Bedrooms | $5.1M | - | N/A |
Summary: Downtown Saint Petersburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes increased by 448%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Historic Uptown | $550K | $620K | +12.7% |
| Historic Old Northeast | $947.5K | $1.0M | +8.3% |
| Downtown Saint Petersburg | $1.0M | $1.1M | +5.2% |
Housing Supply in Downtown Saint Petersburg, FL
How many homes are available in Downtown Saint Petersburg, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 128 | 143 | +11.7% |
Summary: The Downtown Saint Petersburg real estate market had 143 homes for sale in October 2024, a 11.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 23 | +4.5% |
| 2 Bedrooms | 66 | 78 | +18.2% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown Saint Petersburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 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. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Downtown Saint Petersburg in October 2024, up by 12.5% month-over-month. Of the 18 sold homes, 72% were sold under asking, 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 76 Days | +591.7% |
Summary: Homes in Downtown Saint Petersburg had an average of 76 days on market in Oct 2024, up by 591.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Downtown Saint Petersburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Downtown Saint Petersburg; 44% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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