Is Saint Pete Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Saint Pete Beach was a Seller's Market.
Housing Prices in Saint Pete Beach, FL
How much do homes in Saint Pete Beach, FL cost?
Median Sold Price
$710,000
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saint Pete Beach was $710,000 in May 2024, up 1.4% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | $289.9K | -7.2% |
2 Bedrooms | $662.5K | $685K | +3.4% |
3 Bedrooms | $1.2M | $1.1M | -6.3% |
4 Bedrooms | $1.2M | $1.5M | +16.3% |
5+ Bedrooms | $1.4M | $1.7M | +23.0% |
Summary: Saint Pete Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Cities
Treasure Island | $637.5K | $778.3K | +22.1% |
Saint Petersburg | $400K | $439.9K | +10.0% |
Saint Pete Beach | $700K | $710K | +1.4% |
South Pasadena | $389K | $346.5K | -10.9% |
Housing Supply in Saint Pete Beach, FL
How many homes are available in Saint Pete Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
275 | 285 | +3.6% |
Summary: The Saint Pete Beach real estate market had 285 homes for sale in May 2024, a 3.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 46 | +2.2% |
2 Bedrooms | 104 | 114 | +9.6% |
3 Bedrooms | 92 | 88 | -4.3% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Saint Pete Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 37 | +2.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Saint Pete Beach in May 2024, up by 2.8% month-over-month. Of the 37 sold homes, 84% were sold under asking, 14% were sold at asking, and 3% were sold over asking.
Days on Market for Saint Pete Beach, FL
How long does it take to sell a home in Saint Pete Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 102 Days | +67.4% |
Summary: Homes in Saint Pete Beach had an average of 102 days on market in May 2024, up by 67.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in Saint Pete Beach; 35% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.