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 seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Pinellas Park has remained a Seller's Market.

Key Takeaway

Pinellas Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pinellas Park, FL

How much do homes in Pinellas Park, FL cost?

Median Sold Price

$335,143

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$17,643(+5.6%)

Key Takeaway

Homes in Pinellas Park have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Pinellas Park was $335,143 in December 2024, up 5.6% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $134.9K$130.5K
-3.3%
2 $259.7K$280K
+7.8%
3 $357K$380K
+6.4%
4 $400K$442.5K
+10.6%
5+ $837.5K$527.1K
-37.1%

Summary: Pinellas Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 37.1%.

Median Sold Price Compared To Nearby Cities

Pinellas Park
+5.6%
Largo
+4.8%
Saint Petersburg
+1.0%

Housing Supply in Pinellas Park, FL

How many homes are available in Pinellas Park, FL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
273280+2.6%

Summary: The Pinellas Park real estate market had 280 homes for sale in December 2024, a 2.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1516
+6.7%
2 127126
-0.8%
3 97105
+8.2%
4 3029
-3.3%
5+ 44
0.0%

Summary: The Pinellas Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4365+51.2%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

10 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. 64.6% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in Pinellas Park in December 2024, up by 51.2% month-over-month. Of the 65 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% 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

Dec 2023Dec 2024CHANGE
28 Days42 Days+46.6%

Summary: Homes in Pinellas Park had an average of 42 days on market in Dec 2024, up by 46.6% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

12 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 December 2024, 65 homes were sold in Pinellas Park; 55% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 18% 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 4 Days Ago

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