Paradise Island Housing Market Report January 2025•Pinellas County, Florida

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Housing Prices in Paradise Island, FL

How much do homes in Paradise Island, FL cost?

Housing Market Conditions

Is Paradise Island, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Paradise Island is a Neutral Market

Difference Since January 2024

At the same time last year, Paradise Island was a Seller's Market.

Insight

Paradise Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$620,000$397/SqFt
-$87,000
-12.3%

Based on all homes sold in the last 12 months

Insight

Homes in Paradise Island have sold for 12.3% less than they did a year ago.

Summary: The median home sold price in Paradise Island was $620,000 in January 2025, down 12.3% from last year, and the median price per square foot was $397.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$300K$315K
+5.0%
2$647.5K$458.7K
-29.2%
3$1.2M$980K
-20.8%
4$2.1M$1.5M
-24.9%
5--
N/A

Summary: Paradise Island housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.0%. The home price for 2 bedroom homes decreased by -29.2%. The home price for 3 bedroom homes decreased by -20.8%. The home price for 4 bedroom homes decreased by -24.9%. The home price for 5 bedroom homes did not change.

Housing supply in Paradise Island, FL

How many homes are available in Paradise Island, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
38Last MonthJan 2025
352 months agoDec 2024
+8.6 %
Change MoMDec – Jan

Summary: The Paradise Island real estate market had 38 homes for sale in Jan 2025, a 8.6 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthJan 2025
22 months agoDec 2024
+200.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
102
+100.0%
21416
+14.3%
31817
-5.6%
422
0.0%
511
0.0%

Summary: Paradise Island housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes decreased by -5.6%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Paradise Island, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price5 Homes

Insight

If you're buying a home in Paradise Island, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Paradise Island in January 2025, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and and 0% were sold over asking.

Days on Market for Paradise Island, FL

How long does it take to sell a home in Paradise Island, FL?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in Paradise Island are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 6 homes were sold in Paradise Island; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
33 DaysThis YearJan 2025
29 Days1 year agoJan 2024
+10.9 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Paradise Island had an average listing age of 33 days in Jan 2025, up by 10.9% compared to the previous year.

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Newest Listings in Paradise Island, FL

What homes are available in Paradise Island, FL?

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MLS Disclaimers and Copyright

Based on information from Stellar MLS, for the period 02/01/2023 - 02/01/2025

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 5:20:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.