Saint Petersburg, FL 33705 Real Estate Market Report

ZIP Code: 33705
Report Date: May 2026
Market Temperature: COLD
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.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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%, reflecting the broader market environment for property owners in this area.

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

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Key Findings

1. median sold price: $376,350 is the primary indicator of recent transaction value, and given the down year-over-year price trend this level signals a market that has softened relative to prior periods.

2. median days on market: 259 combined with the cold market temperature suggests slower sales velocity and increased holding time for sellers, which may indicate pricing friction rather than immediate buyer urgency.

3. median listing price: $484,950 sitting above the median sold price points to a gap between seller expectations and completed transactions and, together with elevated inventory relative to sales activity, may pressure sellers to reduce asking prices to achieve closings.

4. median price per square foot: $166 and median market rent: $2,091 provide context for valuation and rental comparables while the moderate interest rate pressure and prevailing 30-year fixed mortgage rate averaging 6.3% may continue to dampen purchase power and transaction momentum.

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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.

Saint Petersburg, FL 33705 Real Estate Market Report

ZIP Code: 33705
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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%, reflecting the broader market environment for property owners in this area.

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

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Key Findings

1. median sold price: 468,000 is the primary indicator of market value and, combined with the price year-over-year trend down, indicates recent transaction-level softening in the 33705 market.

2. median days on market: 276 reflects materially slower sales velocity and aligns with the market temperature being cold, which may increase negotiating leverage for buyers and extend time-to-contract windows for sellers.

3. median price per square foot: 419 alongside the median market rent of 2,000 and rent year-over-year trend down suggests rental demand and pricing are softening, while interest rate pressure is moderate, which can continue to weigh on buyer affordability.

4. median sold price: 468,000 must be interpreted with the observed sample showing relatively constrained active supply in the analyzed sample; this supply relationship may provide some floor to declines but does not negate the broader cooling signals from price and rental trends.

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Notable Properties

The following 7 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.