Pinellas County Real Estate Market Report — September 2025

St. Petersburg Homes Tim Shoup October 14, 2025

Pinellas County Real Estate Market Report — September 2025

Pinellas County's housing market is moving through a pragmatic, post-pandemic reset. Inventory is rebuilding, buyers have more leverage, and sellers are adjusting expectations—especially in condo buildings that have recently navigated reserves and repairs.

Balance is the Theme

Active listings reached 3,744 in August with months' supply rising to 4.4—up 18.3% and 12.8% year over year. Buyers aren't rushing; they're comparing options and negotiating.

September Pulse

Daily MLS reporting through Sept. 29 shows steady closing activity and a clear tilt toward price reductions over increases—evidence of sellers meeting the market this fall.

Buyer & Seller Conditions: How to Play Today's Market

For Buyers

Leverage is back—but varies by micro-market. Homes that are turnkey, out of the riskiest flood zones, or in well-funded condo associations still move quickly. Use rising inventory to shop insurance early, compare HOA budgets and reserve studies, and negotiate on price and repairs where due. Late-September MLS reports show sellers making more cuts than increases—a green light to negotiate.

The 48-day median to contract signals you can be thoughtful, but the best-condition listings can still draw multiple offers if priced right. Have financing and insurance quotes ready so you can act decisively when the right home appears.

For Sellers

Price with the market, not last year. With 4.4 months' supply and list-to-sale convergence around 93–94% of original list, first-week positioning is crucial. Overpricing typically leads to the very price decreases we're seeing in late September. Start at or just under the most recent comp range and let presentation earn the premium.

De-risk the deal with pre-list inspections, wind-mitigation and 4-point documents, elevation certificates where relevant, and clear disclosure of completed building work. These steps help keep buyers and lenders confident and shorten time to contract.

Neighborhood Highlights: What Locals Are Seeing

Pinellas County's diverse neighborhoods each tell their own story in today's market. From the historic charm of St. Petersburg's core to the practical appeal of central county communities and the beach lifestyle of coastal condos, understanding micro-market dynamics is essential for making informed decisions.

St. Petersburg Core

Historic Old Northeast, Kenwood, and Crescent Lake areas feature updated homes near downtown parks and waterfront. Buyers pay for walkability and character but negotiate on condition and flood exposure.

Seminole, Largo & Pinellas Park

Practical single-story homes with garages and larger lots are popular with year-round residents seeking value and room to breathe in central county locations.

Dunedin, Safety Harbor & Palm Harbor

Quaint downtowns and school options keep demand steady. Pricing is rationalizing, not collapsing, with well-priced listings still moving in under a month.

Beach Condos

Performance at St. Pete Beach, Madeira, Indian Rocks, Redingtons, and Clearwater Beach depends heavily on association reserves and completed projects. Well-funded buildings command stronger pricing.