$5,344 Closing Credit*
$449,999
935 SqFt
2 Beds
•1 Full Bath
Steven Koleno, Listing Office: BEYCOME OF FLORIDA LLC
Is 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, Saint Petersburg was a Seller's Market.
Key Takeaway
Saint Petersburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saint Petersburg, FL
How much do homes in Saint Petersburg, FL cost?
Median Sold Price
$432,379
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,416(+1.5%)
Key Takeaway
Homes in Saint Petersburg have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Saint Petersburg was $432,379 in November 2024, up 1.5% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.4K | $173.2K | -3.5% |
| 2 Bedrooms | $355.1K | $345.1K | -2.8% |
| 3 Bedrooms | $465.5K | $486.9K | +4.6% |
| 4 Bedrooms | $679.6K | $740K | +8.9% |
| 5+ Bedrooms | $1.0M | $1.1M | +10.1% |
Summary: Saint Petersburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Kenneth City | $318.5K | $330K | +3.6% |
| Pinellas Park | $319.9K | $329.6K | +3.0% |
| Gulfport | $397.4K | $406.6K | +2.3% |
| Saint Petersburg | $425.9K | $432.3K | +1.5% |
| South Pasadena | $360K | $349K | -3.1% |
Housing Supply in Saint Petersburg, FL
How many homes are available in Saint Petersburg, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,001 | 2,283 | +14.1% |
Summary: The Saint Petersburg real estate market had 2,283 homes for sale in November 2024, a 14.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 162 | 175 | +8.0% |
| 2 Bedrooms | 672 | 756 | +12.5% |
| 3 Bedrooms | 760 | 901 | +18.6% |
| 4 Bedrooms | 306 | 340 | +11.1% |
| 5+ Bedrooms | 101 | 111 | +9.9% |
Summary: The Saint Petersburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 9.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 272 | 307 | +12.9% |
Asking Price vs. Sold Price
222 Homes Were Sold
Under Asking
59 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Petersburg, you may be able to get a good deal. 72.3% of homes here sold below asking price last month.
Summary: A total of 307 homes were sold or pending in Saint Petersburg in November 2024, up by 12.9% month-over-month. Of the 307 sold homes, 72% were sold under asking, 19% were sold at asking, and 8% were sold over asking.
Days on Market for Saint Petersburg, FL
How long does it take to sell a home in Saint Petersburg, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 54 Days | +74.3% |
Summary: Homes in Saint Petersburg had an average of 54 days on market in Nov 2024, up by 74.3% compared to last year.
Breakdown of Home Sale Times
160 Homes Were Sold
Under 30 Days
89 Homes Were Sold
In 30 - 90 Days
57 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Petersburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 307 homes were sold in Saint Petersburg; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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