$3,859 Closing Credit*
$325,000
1,702 SqFt
3 Beds
•2 Full Baths
Kym Coyle, Listing Office: CHARLES RUTENBERG REALTY INC
Is 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, 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
$435,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,840(+3.0%)
Key Takeaway
Homes in Saint Petersburg have sold for 3% more than they did a year ago.
Summary: The median home sold price in Saint Petersburg was $435,000 in October 2024, up 3% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $169.2K | -6.0% |
| 2 Bedrooms | $353.7K | $349.7K | -1.1% |
| 3 Bedrooms | $465.1K | $486K | +4.5% |
| 4 Bedrooms | $658.7K | $761.5K | +15.6% |
| 5+ Bedrooms | $1.0M | $1.2M | +19.7% |
Summary: Saint Petersburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
| Kenneth City | $318.5K | $330K | +3.6% |
| Pinellas Park | $318.4K | $330K | +3.6% |
| Saint Petersburg | $422.1K | $435K | +3.0% |
| Gulfport | $399.1K | $405K | +1.5% |
| South Pasadena | $377.5K | $345K | -8.6% |
Housing Supply in Saint Petersburg, FL
How many homes are available in Saint Petersburg, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,889 | 2,001 | +5.9% |
Summary: The Saint Petersburg real estate market had 2,001 homes for sale in October 2024, a 5.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 160 | 166 | +3.8% |
| 2 Bedrooms | 628 | 674 | +7.3% |
| 3 Bedrooms | 717 | 741 | +3.3% |
| 4 Bedrooms | 281 | 315 | +12.1% |
| 5+ Bedrooms | 103 | 105 | +1.9% |
Summary: The Saint Petersburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 255 | 255 | 0.0% |
Asking Price vs. Sold Price
180 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
28 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. 70.6% of homes here sold below asking price last month.
Summary: A total of 255 homes were sold or pending in Saint Petersburg in October 2024, the same as the previous month. Of the 255 sold homes, 71% were sold under asking, 18% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 62 Days | +128.0% |
Summary: Homes in Saint Petersburg had an average of 62 days on market in Oct 2024, up by 128% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
61 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 October 2024, 255 homes were sold in Saint Petersburg; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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