Saint Petersburg, FL 33703 Real Estate Market Report

ZIP Code: 33703
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Saint Petersburg, FL (ZIP: 33703) is characterized by a median sold price of $358,500, reflecting a robust demand despite elevated interest rates. This price point indicates a stable market environment, with moderate price appreciation observed. The neighborhood has increased 15% since 2023, showcasing a positive trend in property values.

Transaction activity appears to be moderated by 273 days on market, suggesting a slower sales velocity. Elevated inventory levels relative to sales activity may indicate a shift in market dynamics, where buyers have more options, potentially leading to pricing friction. The median listing price stands at $449,500, which is significantly higher than the sold price, indicating that sellers may need to adjust expectations to align with current market realities.

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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

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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 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.

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Key Findings

1. $358,500 is the median sold price, indicating strong market performance despite elevated interest rates.

2. 273 days on market reflects a slower sales velocity, suggesting potential pricing friction in the market.

3. $449,500 is the median listing price, which is notably higher than the sold price, indicating a gap that may require seller adjustments.

4. The market temperature is neutral, suggesting balanced conditions between buyers and sellers.

5. $2,530 is the median market rent, indicating strong rental demand that supports the housing market.

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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.