Is South Pasadena, 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, South Pasadena was a Seller's Market.
Housing Prices in South Pasadena, FL
How much do homes in South Pasadena, FL cost?
Median Sold Price
$346,500
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Pasadena was $346,500 in May 2024, down 10.9% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $248K | -0.8% |
2 Bedrooms | $432.5K | $414K | -4.3% |
3 Bedrooms | $627.4K | $675K | +7.6% |
4 Bedrooms | $839.5K | $765K | -8.9% |
5+ Bedrooms | - | - | N/A |
Summary: South Pasadena housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Saint Petersburg | $400K | $439.9K | +10.0% |
Saint Pete Beach | $700K | $710K | +1.4% |
South Pasadena | $389K | $346.5K | -10.9% |
Housing Supply in South Pasadena, FL
How many homes are available in South Pasadena, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 115 | +12.7% |
Summary: The South Pasadena real estate market had 115 homes for sale in May 2024, a 12.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 34 | 36 | +5.9% |
2 Bedrooms | 57 | 64 | +12.3% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The South Pasadena housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in South Pasadena in May 2024, the same as the previous month. Of the 14 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Pasadena, FL
How long does it take to sell a home in South Pasadena, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 66 Days | +57.3% |
Summary: Homes in South Pasadena had an average of 66 days on market in May 2024, up by 57.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in South Pasadena; 14% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.