Pinellas County Housing Market Report December 2024•Pinellas County, Florida

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Housing Prices in Pinellas County, FL

How much do homes in Pinellas County, FL cost?

Housing Market Conditions

Is Pinellas County, 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

Pinellas County is a Neutral Market

Difference Since December 2023

At the same time last year, Pinellas County was a Seller's Market.

Insight

Pinellas County 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.
$417,320$298/SqFt
+$20,668
+5.2%

Based on all homes sold in the last 12 months

Insight

Homes in Pinellas County have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Pinellas County was $417,320 in December 2024, up 5.2% from last year, and the median price per square foot was $298.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Pinellas County
+5.2%
Pasco County
+3.0%
Hillsborough County
+2.5%

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.
BedsDec 2023Dec 2024Change YoY
1$175.2K$164.9K
-5.8%
2$308.8K$312.6K
+1.2%
3$460.5K$479.6K
+4.1%
4$643.7K$689K
+7.0%
5$1.0M$1.0M
+8.5%

Summary: Pinellas County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -5.8%. The home price for 2 bedroom homes increased by +1.2%. The home price for 3 bedroom homes increased by +4.1%. The home price for 4 bedroom homes increased by +7.0%. The home price for 5 bedroom homes increased by +8.5%.

Housing supply in Pinellas County, FL

How many homes are available in Pinellas County, 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
8,133Last MonthDec 2024
7,9352 months agoNov 2024
+2.5 %
Change MoMNov – Dec

Summary: The Pinellas County real estate market had 8,133 homes for sale in Dec 2024, a 2.5 % increase compared to Nov 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
1,326Last MonthDec 2024
1,0972 months agoNov 2024
+20.9 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
1656713
+8.7%
23,2303,285
+1.7%
32,7142,767
+2.0%
41,0131,046
+3.3%
5322322
0.0%

Summary: Pinellas County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +8.7%. The inventory for 2 bedroom homes increased by +1.7%. The inventory for 3 bedroom homes increased by +2.0%. The inventory for 4 bedroom homes increased by +3.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Pinellas County, 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 Price135 Homes

At Asking Price226 Homes

Under Asking Price965 Homes

Insight

If you're buying a home in Pinellas County, you may be able to get a good deal. 72.8% of homes here sold below asking price last month.

Summary: A total of 1,326 homes were sold or pending in Pinellas County in December 2024, up by 20.9% month-over-month. Of the 1326 sold homes, 73% were sold under asking, 17% were sold at asking, and and 10% were sold over asking.

Days on Market for Pinellas County, FL

How long does it take to sell a home in Pinellas County, FL?

Breakdown of Home Sale Times

Under 30 Days641 Homes

30 – 90 Days335 Homes

Over 90 Days347 Homes

Insight

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

Summary: During December 2024, 1326 homes were sold in Pinellas County; 48% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 26% 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
61 DaysThis YearDec 2024
43 Days1 year agoDec 2023
+40.1 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Pinellas County had an average listing age of 61 days in Dec 2024, up by 40.1% compared to the previous year.

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Newest Listings in Pinellas County, FL

What homes are available in Pinellas County, FL?

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Last updated on: 1/17/2025, 10:19:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Copyright © 2025 Hernando County Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
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Last updated on: 1/17/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.