Saint Petersburg, FL 33701 Real Estate Market Report

ZIP Code: 33701
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Saint Petersburg, FL (ZIP: 33701) is characterized by a median sold price of $645,000, reflecting a robust demand despite elevated interest rate pressure. The neighborhood has increased 15% since 2023, indicating a strong appreciation in property values. The median listing price stands at $740,000, suggesting a notable pricing gap that may indicate seller expectations are not fully aligned with current market realities.

Market activity shows median days on market at 372, which points to a slower sales velocity and potentially elevated inventory levels. The current market temperature is classified as hot, driven by ongoing demand despite the challenges posed by rising interest rates. The median market rent is recorded at $2,123, reflecting a mixed rental trend with some upward pressure on rental prices. Overall, the market appears to be experiencing a phase of adjustment as buyers navigate the landscape of higher borrowing costs.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. $645,000 is the current median sold price, indicating strong market demand despite elevated interest rate pressure.

2. The median listing price of $740,000 suggests a significant gap between seller expectations and buyer willingness, which may create pricing friction.

3. With median days on market at 372, the market is experiencing slower sales velocity, reflecting a potential adjustment period for buyers and sellers alike.

4. The market temperature is classified as hot, suggesting ongoing demand despite challenges in financing.

5. The median market rent of $2,123 indicates rising rents, contributing to a mixed rental trend in the area.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.