St. Petersburg & Pinellas County Real Estate Market Update – March 2025

 

The spring real estate season is well underway in Pinellas County — from the sandy shores of St. Pete Beach to the historic streets of downtown St. Petersburg. Whether you're in Clearwater, Seminole, or Gulfport, understanding local trends gives you a competitive edge in today’s market. Here's a look at how the Pinellas County housing market performed in March 2025 — and what it means if you're thinking of buying or selling.

🏢 Condo & Townhome Market: Buyers Regain Leverage

• Inventory: 8.89 months (↑ 190.5% year-over-year)

• Median Sale Price: $275,000 (↑ 0.36% month-over-month)

• Sold-to-List Price Ratio: 95.6%

• Average Days on Market: 59

• Units Sold: 657 (MLS + public record)

• New Listings: 1,026

• Pending Sales: 649

Market Insight:
The condo market across Pinellas — especially in coastal areas like St. Pete Beach, Indian Rocks Beach, and Clearwater — has seen a significant jump in inventory. Buyers now have more options and stronger negotiating power. Prices are holding, but motivated sellers are adjusting to compete. This is an ideal time to explore condos for sale near the Gulf, whether you're looking for a vacation home or an investment property.

🏠 Single-Family Homes: More Inventory, Steady Demand

• Inventory: 4.85 months (↑ 158% year-over-year)

• Median Sale Price: $470,000 (↑ 1.08% month-over-month)

• Sold-to-List Price Ratio: 96.7%

• Average Days on Market: 37

• Units Sold: 1,015

• New Listings: 1,381

• Pending Sales: 1,093

Market Insight:
From Northeast St. Pete to Largo and Dunedin, the single-family home market remains active. More listings are hitting the market, but demand continues — especially for move-in-ready homes in walkable neighborhoods and waterfront communities. Buyers are still moving quickly on well-priced properties, making expert pricing and presentation essential for sellers.

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💡 Thinking of Selling Your Pinellas County Home?

As more homes hit the market this spring, standing out is key. Whether you're in St. Petersburg, Clearwater, Gulfport, or Seminole, having the right pricing strategy and local marketing plan can make all the difference.

📞 Let’s talk about your home’s value and the best time to sell.
Visit www.SuncoastHome.com or call/text Keyvan Kohan at (727) 204-5001 for a free home valuation and custom selling strategy.