Is Pinellas County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pinellas County has remained a Seller's Market.
Housing Prices in Pinellas County, FL
How much do homes in Pinellas County, FL cost?
Median Sold Price
$403,637
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pinellas County was $403,637 in April 2024, up 4% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $174.9K | 0% |
2 Bedrooms | $305.4K | $312.5K | +2.3% |
3 Bedrooms | $444.2K | $474.1K | +6.7% |
4 Bedrooms | $630.3K | $671.7K | +6.6% |
5+ Bedrooms | $925K | $1.0M | +12.8% |
Summary: Pinellas County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Counties
Pinellas County | $388.2K | $403.6K | +4.0% |
Hillsborough County | $392.8K | $399.9K | +1.8% |
Pasco County | $329.5K | $329.9K | 0.1% |
Housing Supply in Pinellas County, FL
How many homes are available in Pinellas County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9,192 | 9,525 | +3.6% |
Summary: The Pinellas County real estate market had 9,525 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 918 | 945 | +2.9% |
2 Bedrooms | 3,833 | 3,956 | +3.2% |
3 Bedrooms | 2,925 | 3,052 | +4.3% |
4 Bedrooms | 1,150 | 1,188 | +3.3% |
5+ Bedrooms | 366 | 384 | +4.9% |
Summary: The Pinellas County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,669 | 1,666 | -0.2% |
Asking Price vs. Sold Price
1,167 Homes Were Sold
Under Asking
294 Homes Were Sold
At Asking
205 Homes Were Sold
Over Asking
Summary: A total of 1,666 homes were sold or pending in Pinellas County in April 2024, down by 0.2% month-over-month. Of the 1,666 sold homes, 70% were sold under asking, 18% were sold at asking, and 12% were sold over asking.
Days on Market for Pinellas County, FL
How long does it take to sell a home in Pinellas County, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 49 Days | +18.6% |
Summary: Homes in Pinellas County had an average of 49 days on market in Apr 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
870 Homes Were Sold
Under 30 Days
482 Homes Were Sold
In 30 - 90 Days
314 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1666 homes were sold in Pinellas County; 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.