Pinellas County

Single-Family Homes

In Pinellas County, the median sale price of a single-family home of $435,000 improved 14% over last year but dipped slightly from last quarter’s $438,000 and from this summer’s all-time high of $446,000. The average price of $573,025 was up 12% from last year but also down slightly from 22Q2’s record.

Closed sales during the quarter declined 34% to 2,251, and as a result year-over-year sales volume declined to about $1.3 billion, a 27% decline.

New listings of 2,621 fell by 15% compared to last year, but declining sales still pushed inventories up to 2.5 month’s supply of inventory, compared to just 0.5 month at the end of last year. Active listings rose to 1,837, up 182% from last year and also up compared to the end of September.

The most expensive single-family home sold in Pinellas County during 22Q4 was for $13 million.

Days on market for single-family homes in Pinellas County rose to 33 days, compared to 20 days last year and 21 days last quarter. The percent of sold price to original list price dipped to 96%, down meaningfully from 98% at the end of September and from 99% at the end of 2021.