Saint Petersburg, Florida Housing Market

What stands out in Saint Petersburg?

• Listings spend a median 90 days on the market: among the longest times on market of 765 tracked cities. Stale listings are common. Sellers who have waited are open to offers.
• 20.1% of homes are vacant: among the highest vacancy of 765 tracked cities. Tenants have choices. Budget extra vacancy.

How much more is for sale in Saint Petersburg than before the pandemic?

There are 2,917 homes for sale in Saint Petersburg, 43% more than in 2017–2019 at this time of year. That count is down 9% on last year, with 786 new listings this month. The build-up is biggest in 33707 (275 for sale, 65% above its 2017–2019 level) and 33709 (171 for sale, 62% above its 2017–2019 level). More choice means you can walk away from any home priced for the market of three years ago.

How much can you negotiate in Saint Petersburg?

For every 100 homes still for sale, 24 are under contract. In 2017–2019 at this time of year it was 52. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

Saint Petersburg listings spend a median 90 days on the market. There are 2,917 homes for sale in Saint Petersburg. That is 5.8 times the tightest month on record, but below the peak of 3,762. Supply is shrinking against last year.

What to do about it

• Start in 33715, 33706, and 33711, the softest ZIP codes in Saint Petersburg: in 33715, 17% of sellers have cut and listings spend a median 123 days on the market.
• Filter for listings older than 180 days with a price cut, and offer below the reduced price.
• Keep your inspection and financing contingencies.

How does Saint Petersburg compare with other Florida markets?

Ranked among the 52 Florida markets we track:

• Asking price: 11th priciest of 52. Saint Petersburg is at $451,838. Closest: Ocoee and Sarasota.
• Buyer competition: 8th least competitive of 43. Saint Petersburg is at 0.24 buyers per home. Closest: Fort Pierce and Pompano Beach.
• Time on market: 10th longest time on market of 52. Saint Petersburg is at a median of 90 days on market. Closest: Fort Lauderdale and Port Orange.
• Price cuts: 15th most price cuts of 52. Saint Petersburg is at 23% of sellers cutting. Closest: Cape Coral and Gainesville.

Who will rent from you in Saint Petersburg?

In Saint Petersburg, 34 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 36 in 100. Saint Petersburg added about 1,400 renter households in five years. Renter households average 1.9 people. Singles and couples rent here. Two bedrooms beat four.

Households grew 8% in five years. The housing stock grew 3%. Demand is outrunning supply. 20.1% of homes sit empty. Tenants have options. Budget extra weeks of vacancy between leases.

The median Saint Petersburg household earns $75,445 a year. Incomes here have grown 5.8% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 6.0 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. At 30% of income, a tenant on the median income can pay about $1,886 a month.

To see what one Saint Petersburg address would rent for and cash flow, run it through the app.

When do Saint Petersburg prices dip?

Across 9 full years, Saint Petersburg asking prices ran lowest in January, about 3.5% below the year's average. They peaked in May. The most homes for sale show up in November, about 6% above the yearly average. Shop in November for choice, and expect the softest asking prices in January.

What numbers should you underwrite a Saint Petersburg deal with?

• Price growth to assume — +2.0%/yr. Saint Petersburg grew 5.9% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Saint Petersburg grows about 2.0% a year. That is the number to type in. Prices fell 1.8% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 4. Budget at least 90 days of holding costs, the current median time on market, when you exit or refinance.
• Comp on price per square foot — $384/sqft. The typical Saint Petersburg listing shrank from 1,480 to 1,347 sqft since Jul 2016. So median price hides real growth: 81% per sqft versus 62% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — -9%. Homes for sale in Saint Petersburg are down 9% on last year, so your resale faces less competition than today's comps did.

Read what days on market tells you about leverage and how we read these numbers, then run the numbers on a deal.

What is the median home price in Saint Petersburg?

The median asking price in Saint Petersburg is about $452,000 as of Sep 2026, down 4.0% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Saint Petersburg figures cover the 29 ZIP codes with a Saint Petersburg mailing address, which can reach past city limits.

Is Saint Petersburg a buyer's or seller's market in 2026?

Buyers have more room in Saint Petersburg than usual. We compare Saint Petersburg with 2017–2019 at this time of year: there are 24 pending sales per 100 listings, against 52 then; there are 43% more homes for sale; listings spend 36% more days on the market.

Are Saint Petersburg home prices going up or down?

The median asking price is 12.2% below its Jan 2024 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

Which Saint Petersburg ZIP code has the most negotiating room?

33715. Only 15 homes under contract for every 100 still for sale. 17% of sellers there have cut their price, and listings there spend a median 123 days on the market.

What is the fair market rent in Saint Petersburg?

HUD's fiscal year 2026 fair market rent for Pinellas County is $1,977 a month for 2 bedrooms and $2,527 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.