Saint Petersburg, FL 33703 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market signal is the median sold price: 293,160, which represents the most reliable indicator of recent transaction values and should be used ahead of asking prices when assessing neighborhood value; the persistent gap between the median sold price: 293,160 and the median listing price: 485,450 suggests meaningful pricing friction between seller expectations and completed transactions.
2. With a median sold price: 293,160 and a long median days on market: 325, the market appears to be experiencing slower sales velocity; this extended time-to-contract may indicate that sellers need to calibrate pricing or offer concessions to match realized sale levels. down trends in rent (rent year-over-year trend: down) further weigh on investor upside while reinforcing buyer negotiation leverage.
3. The median sold price: 293,160 combined with a median price per square foot: 192 provides a consistent per-unit valuation benchmark for underwriting and comps; use the sold-price per-square-foot pairing when evaluating offers or repositioning listings to improve alignment with recent closed deals. flat price year-over-year trend (price year-over-year trend: flat) supports using recent sold comps rather than relying on short-term appreciation for pricing decisions.
4. Interest rate dynamics are a headwind to demand despite the median sold price: 293,160 serving as the transaction anchor: interest rate pressure is described as elevated and Current 30-year fixed mortgage rates in Saint Petersburg FL are averaging 6.53%, which is higher than the 5.98% average seen earlier in 2026; this elevated rate environment may prolong negotiations and sustain the observed pricing gap between listing and sold levels. elevated interest rate pressure

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.