Saint Petersburg, FL 33704 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

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.

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

Key Findings

1. The primary market indicator, the median sold price, is $622,000, which reflects recent transaction-level value; combined with the long median days on market of 291, this suggests slower sales velocity and pricing friction in consummating deals.
2. There is a wide divergence between the median listing price of $1,199,000 and the median sold price of $622,000, indicating a material pricing gap that may reflect elevated seller expectations relative to realized sale prices.
3. Current conditions appear to show relatively constrained active supply alongside moderate transaction volume, while the median price per square foot sits at $316; the marketTemperature is neutral, which suggests a generally balanced market with localized softness rather than a clear seller advantage.
4. Rental dynamics are strengthening: the median market rent is $2,269 and rent year-over-year trend is up, even as interest rate pressure is described as moderate, implying sustained rental demand that may support investor interest but also moderates buyer affordability.

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.