Is Saint Petersburg, FL 33701 a buyer’s or seller’s market?

The Saint Petersburg housing market right now

In the three months ending August 31, 2026, 3% of homes in Saint Petersburg, FL 33701 sold above their list price, the typical home went under contract in 62 days and there were 7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 104 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (3% then), homes sold more slowly (44 days then) and the median sale price fell 35% to $731,683. Overall, Saint Petersburg is less competitive than a year ago, which gives buyers more room.

Within Pinellas County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell less often over asking than in 85%. On our competition score, Saint Petersburg ranks #647 of 796 FL ZIP codes with enough sales (score 10 out of 100).

Nearby, buyers who want less competition could look at Crystal Beach 34681 (0% sold over asking), while Safety Harbor 34695 (21% sold over asking) and Saint Petersburg 33710 (20% sold over asking) are even more competitive.