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Saint Petersburg, FL 33703 Real Estate Market Report

ZIP Code: 33703
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


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.

Analysis Window
90 Days
Total Properties Analyzed
227
Active Listings
128
Sold Properties
99

Market Metrics

Median Listing Price
$482,000
Median Sold Price
$390,000
Median Price per Sqft
$211/sqft

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.


Rental Market

Median Market Rent
$2,400

Property Taxes

Property Tax Rate
0.92%

Liquidity & Velocity

Median Days on Market
255
Sale-to-List Ratio
100.0%

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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Saint Petersburg, FL, are averaging 6.3% to 6.5%, reflecting a stable market environment for property owners in this area compared to earlier in 2026.

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 indicator, the median sold price: 390,000, shows recent transaction values and aligns with a broader down price trend, indicating realized prices are under pressure relative to recent seller expectations.

  2. There is a meaningful spread between the median listing price: 482,000 and the median sold price: 390,000, which suggests pricing friction and that sellers may need to adjust expectations to transact at recent market levels.

  3. The median days on market: 255 points to slower sales velocity and prolonged time-to-contract, which may indicate reduced liquidity and more negotiation opportunity for buyers rather than fast turnover for sellers.

  4. Local rent and financing signals are softening: median market rent: 2,400 and a year-over-year rent trend of down reduce rental income momentum, while elevated interest rate pressure and prevailing mortgage rates of 6.3% to 6.5% may constrain buyer affordability and support cautious pricing behavior.


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.

Recent Transactions

1901 Kansas Ave Ne, Saint Petersburg, FL 33703
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
4 baths
2,898 sqft
$2,275,000
Feb 1, 2026
$785/sqft/sqft
346 days on market
2096 Iowa Ave Ne, Saint Petersburg, FL 33703
Premium

Sold above market average

5 beds
3 baths
2,760 sqft
$1,825,000
Mar 1, 2026
$661/sqft/sqft
221 days on market
1336 51st Ave Ne, Saint Petersburg, FL 33703
Premium

Sold above market average

5 beds
4 baths
3,859 sqft
$1,575,000
Mar 1, 2026
$408/sqft/sqft
442 days on market
1140 49th Ave N, Saint Petersburg, FL 33703
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
1,128 sqft
$405,000
Mar 1, 2026
$359/sqft/sqft
105 days on market
1810 Maryland Ave Ne, Saint Petersburg, FL 33703
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

4 beds
2 baths
2,011 sqft
$395,000
Apr 1, 2026
$196/sqft/sqft
108 days on market
611 49th Ave N, Saint Petersburg, FL 33703
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
2,962 sqft
$380,000
Mar 1, 2026
$128/sqft/sqft
244 days on market
1758 Michigan Ave Ne, Saint Petersburg, FL 33703
Value

Sold below market average

- beds
- baths
2,270 sqft
$165,000
Mar 1, 2026
$73/sqft/sqft
1835 New Hampshire Ave Ne, Saint Petersburg, FL 33703
Value

Sold below market average

3 beds
3 baths
3,677 sqft
$150,000
Apr 1, 2026
$41/sqft/sqft
1484 days on market

Saint Petersburg, FL 33703 Real Estate Market Report

ZIP Code: 33703
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.


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.

Analysis Window
90 Days
Total Properties Analyzed
127
Active Listings
28
Sold Properties
99

Market Metrics

Median Listing Price
$174,250
Median Sold Price
$149,950
Median Price per Sqft
$171/sqft

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.


Rental Market

Median Market Rent
$1,750

Property Taxes

Property Tax Rate
1.25%

Liquidity & Velocity

Median Days on Market
360
Sale-to-List Ratio
100.0%

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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Saint Petersburg, FL, are averaging 6.3% to 6.5%, reflecting a stable market environment for property owners in this area compared to earlier in 2026.

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 indicator is the $149,950 median sold price, which represents recent transaction activity and suggests realized value is tracking below asking levels in the neighborhood.

  2. There is a persistent listing-to-sale gap: the $174,250 median listing price exceeds the median sold price, which may indicate pricing friction between seller expectations and recent transactions.

  3. Liquidity appears slower based on a 360 median days on market, which suggests extended marketing time and downward pressure on achievable prices.

  4. Broader trend signals reinforce softening conditions: year-over-year price direction is down, rent trends are down, market temperature is neutral, and interest rate pressure is elevated, together suggesting cautious buyer behavior and selective transaction activity.


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.

Recent Transactions

562 Andorra Cir Ne, Saint Petersburg, FL 33703
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

1 beds
1 baths
910 sqft
$360,000
Feb 1, 2026
$396/sqft/sqft
455 days on market
4778 Palermo Ct Ne, Saint Petersburg, FL 33703
Premium

Sold above market average

- beds
- baths
1,035 sqft
$265,000
Apr 1, 2026
$256/sqft/sqft
1267 days on market
4651 1st St Ne Unit 303, Saint Petersburg, FL 33703
Premium

Sold above market average

- beds
- baths
1,050 sqft
$247,000
Apr 1, 2026
$235/sqft/sqft
4895 Bay St Ne Apt 103, Saint Petersburg, FL 33703
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

- beds
- baths
1,035 sqft
$165,000
Apr 1, 2026
$159/sqft/sqft
4895 Bay St Ne Apt 311, Saint Petersburg, FL 33703
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
- baths
1,035 sqft
$150,000
Mar 1, 2026
$145/sqft/sqft
420 days on market
4915 Bay St Ne Apt 328, Saint Petersburg, FL 33703
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

- beds
- baths
930 sqft
$137,500
Mar 1, 2026
$148/sqft/sqft
4895 Bay St Ne Apt 211, Saint Petersburg, FL 33703
Value

Sold below market average

2 beds
2 baths
1,035 sqft
$72,500
Mar 1, 2026
$70/sqft/sqft
282 days on market
5080 Locust St Ne Apt 223, Saint Petersburg, FL 33703
Value

Sold below market average

2 beds
2 baths
1,035 sqft
$51,000
Feb 1, 2026
$49/sqft/sqft
160 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$57/mo
33703 Avg Rent
33703 Cost to Own
Rent$2,400
Own$2,343

20% down, 6.3% rate, 0.9% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

33703 Avg nightly rate
33703 Avg occupancy (days/year)
Nightly rate$224/night
Occupancy85 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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