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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinellas Park is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Pinellas Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pinellas Park, FL

How much do homes in Pinellas Park, FL cost?

Median Sold Price

$329,611

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,636(+3.0%)

Key Takeaway

Homes in Pinellas Park have sold for 3% more than they did a year ago.

Summary: The median home sold price in Pinellas Park was $329,611 in November 2024, up 3% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $131K$130.5K
-0.4%
2 $262K$279K
+6.5%
3 $359K$373K
+3.9%
4 $400K$445K
+11.3%
5+ $845K$535K
-36.7%

Summary: Pinellas Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 36.7%.

Median Sold Price Compared To Nearby Cities

Largo
+4.5%
Pinellas Park
+3.0%
Saint Petersburg
+1.5%

Housing Supply in Pinellas Park, FL

How many homes are available in Pinellas Park, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
269282+4.8%

Summary: The Pinellas Park real estate market had 282 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1418
+28.6%
2 123127
+3.3%
3 99102
+3.0%
4 2830
+7.1%
5+ 55
0.0%

Summary: The Pinellas Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4542-6.7%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinellas Park, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Pinellas Park in November 2024, down by 6.7% month-over-month. Of the 42 sold homes, 62% were sold under asking, 31% were sold at asking, and 7% were sold over asking.

Days on Market for Pinellas Park, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days52 Days+86.5%

Summary: Homes in Pinellas Park had an average of 52 days on market in Nov 2024, up by 86.5% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 42 homes were sold in Pinellas Park; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% 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 2 Days Ago

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