Saint Petersburg, FL 33705 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 value signal is the 308,000 median sold price, which indicates recent transaction levels are materially below asking expectations and may signal a need for sellers to adjust pricing to align with closed deals; downward pressure on realized prices suggests pricing resets may be required.
2. There is a notable gap between the 499,950 median listing price and the 308,000 median sold price, which appears to reflect persistent pricing friction and may indicate sellers are overpricing relative to what buyers are closing on; cold market temperature reinforces that list-to-sale convergence is weak.
3. The 291 median days on market points to slower sales velocity and extended marketing periods, which may require sellers to improve condition, incentives, or pricing to accelerate transactions; longer time to contract suggests liquidity is muted.
4. The 155 median price per square foot and 2,100 median market rent, coupled with a down rent year-over-year trend and moderate interest rate pressure, imply that both capital and rental markets are softening—investors should reassess yield expectations and underwriting assumptions given current financing costs (~6.5% average 30-year fixed) and weakening rent dynamics.

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.