Is Greater Pinellas Point, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greater Pinellas Point is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Greater Pinellas Point was a Seller's Market.

Key Takeaway

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

Housing Prices in Greater Pinellas Point, FL

How much do homes in Greater Pinellas Point, FL cost?

Median Sold Price

$431,500

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,833(+4.8%)

Key Takeaway

Homes in Greater Pinellas Point have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Greater Pinellas Point was $431,500 in October 2024, up 4.8% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $192.5K$173.2K
-10.0%
2 $336.5K$346.3K
+2.9%
3 $439.9K$514K
+16.8%
4 $625K$636K
+1.8%
5+ $1.1M$3.1M
+176.1%

Summary: Greater Pinellas Point housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 176.1%.

Median Sold Price Compared To Nearby Neighborhoods

Lakewood Estates
+11.4%
Greater Pinellas Point
+4.8%

Housing Supply in Greater Pinellas Point, FL

How many homes are available in Greater Pinellas Point, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7779+2.6%

Summary: The Greater Pinellas Point real estate market had 79 homes for sale in October 2024, a 2.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 711
+57.1%
2 2624
-7.7%
3 3029
-3.3%
4 1213
+8.3%
5+ 22
0.0%

Summary: The Greater Pinellas Point housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
106-40.0%

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 Greater Pinellas Point, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Greater Pinellas Point in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Greater Pinellas Point, FL

How long does it take to sell a home in Greater Pinellas Point, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
63 Days47 Days-24.3%

Summary: Homes in Greater Pinellas Point had an average of 47 days on market in Oct 2024, down by 24.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greater Pinellas Point are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Greater Pinellas Point; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 16 Days Ago

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