St. Petersburg, FL Market Update: What the Data Says for Buyers, Sellers and Investors
List prices down 34.2% to up 40.4% across 11 ZIP codes, 59 to 129 days on market and commercial at $153 to $599 per square foot across 11 ZIP codes. Every number from the Linton Global Market Map, as of September 2026.
Photo: St. Petersburg Florida Waterfront Panorama, February 2024 by Eden, Janine and Jim, CC BY 2.0, via Wikimedia Commons (cropped).
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Michael R. Linton, Florida Broker #BK703722, advises investors, owners, tenants and banks on commercial property, small multifamily, land and distressed assets in St. Petersburg and across Pinellas County through Linton Global Solutions.
St. Pete is a built-out city, and that is the story: there is almost no land, so every commercial building is a redevelopment candidate somewhere down the line. Downtown trades at a premium few Florida cities match.
The Bottom Line on St. Petersburg
St. Petersburg is Pinellas County's largest city, on the peninsula between Tampa Bay and the Gulf. Its downtown waterfront has become one of the most expensive small-city commercial districts in Florida, while the 34th Street, 4th Street and Central Avenue corridors hold the older retail and service buildings most local investors actually trade.
St. Petersburg is a softening housing market where sellers are cutting prices to meet buyers, and its commercial property trades in line with the rest of Pinellas County.
- Homes: median list prices of $198,750 to $1,250,000, down 34.2% to up 40.4% across 11 ZIP codes from a year ago; Pinellas County is down 3.6%.
- Supply: 205 active listings in 33701 (up 10.8%); 177 active listings in 33702 (down 15.5%); 99 active listings in 33704 (down 43.9%); 174 active listings in 33705 (down 15.6%); 275 active listings in 33707 (up 0.5%); 171 active listings in 33709 (up 0.9%); 157 active listings in 33710 (down 14.0%); 167 active listings in 33711 (down 4.3%); 135 active listings in 33713 (down 8.8%); 81 active listings in 33714 (down 15.7%); 42 active listings in 33716 (up 7.8%); 59 to 129 days on market.
- Commercial: median $153 to $599 per square foot, versus $211 countywide.
- Distress: 23 commercial distress transfers or bank-held parcels on the 2026 tax roll.
Where St. Petersburg Is
Downtown and the waterfront are 33701, with the Old Northeast in 33704 and the 4th Street corridor running north through 33702. The Grand Central District and 34th Street are in 33713, Tyrone and 66th Street in 33709, and Lealman's light industrial area along 28th Street in 33714. The Gateway office and flex parks near I-275 and the Howard Frankland Bridge are 33716.
This report covers 33701 (Downtown St. Petersburg and the waterfront), 33702 (North St. Petersburg and the 4th Street corridor), 33704 (Old Northeast and Crescent Lake), 33705 (South St. Petersburg and Midtown), 33707 (West St. Petersburg and Pasadena), 33709 (Tyrone and the 66th Street corridor), 33710 (Northwest St. Petersburg and the 38th Avenue corridor), 33711 (Lakewood Estates and south St. Petersburg), 33713 (The Grand Central District and the 34th Street corridor), 33714 (Lealman and the 28th Street industrial area), 33716 (Gateway and the Carillon office parks), compared with Pinellas County as a whole.
Housing Market
| Realtor.com, September 2026 | 33701 | 33702 | 33704 | 33705 | 33707 | 33709 | 33710 | 33711 | 33713 | 33714 | 33716 | Pinellas County |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median list price | $1,250,000 | $309,750 | $961,225 | $379,750 | $372,175 | $207,450 | $449,225 | $325,000 | $455,975 | $198,750 | $200,000 | $417,450 |
| vs. a year ago | +40.4% | -6.5% | -8.8% | -6.1% | -17.1% | -5.7% | +8.3% | -14.6% | -3.9% | -34.2% | -10.1% | -3.6% |
| Active listings | 205 | 177 | 99 | 174 | 275 | 171 | 157 | 167 | 135 | 81 | 42 | 6,523 |
| Active vs. a year ago | +10.8% | -15.5% | -43.9% | -15.6% | +0.5% | +0.9% | -14.0% | -4.3% | -8.8% | -15.7% | +7.8% | -9.3% |
| Median days on market | 95 | 82 | 89 | 71 | 93 | 80 | 60 | 96 | 59 | 92 | 129 | 84 |
| Listings with a price cut | 12.1% | 23.2% | 27.8% | 29.4% | 24.8% | 27.2% | 35.7% | 28.5% | 26% | 25.4% | 11.1% | 25% |
| Home values, 5 years (FHFA) | +68.9% | +56.3% | +60.6% | +69.9% | +61.9% | +59.8% | +64.2% | +69.0% | +68.9% | +65.5% | 0.0% | — |
The highest-priced ZIP code is 33701 at $1,250,000. With a quarter or more of listings showing a price cut in parts of town, the asking price is a starting point. The FHFA House Price Index shows five-year gains of 68.9% / 56.3% / 60.6% / 69.9% / 61.9% / 59.8% / 64.2% / 69% / 68.9% / 65.5% / 0%; the run-up is behind us, and today is about pricing to the market.
Who Is Buying: Mortgage Data
| HMDA 2025 home purchases | 33701 | 33702 | 33704 | 33705 | 33707 | 33709 | 33710 | 33711 | 33713 | 33714 | 33716 | Pinellas County |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Home-purchase loans | 219 | 328 | 226 | 319 | 307 | 268 | 411 | 206 | 437 | 183 | 74 | 10,442 |
| Median purchase price | $805,000 | $385,000 | $915,000 | $415,000 | $415,000 | $335,000 | $415,000 | $335,000 | $425,000 | $345,000 | $215,000 | $415,000 |
| Median buyer income | $265,000 | $118,000 | $257,000 | $132,000 | $133,000 | $91,000 | $120,000 | $112,000 | $130,000 | $105,000 | $94,000 | $132,000 |
| FHA / VA / USDA loans | 7.1% | 22.9% | 6.9% | 19.7% | 19% | 26.3% | 26.8% | 25.5% | 18.7% | 29.4% | 14.8% | 20.2% |
| Investor purchases | 14.8% | 14.7% | 11.4% | 20.5% | 10.8% | 11% | 8.7% | 21.6% | 13.3% | 9.4% | 8.1% | 14.3% |
Investors took the largest share of purchase loans in 33711 (21.6%), above the county’s 14.3%. Source: the CFPB's HMDA data browser.
Rents
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom is $1,630 to $2,470. The strongest renter base is in 33716, where 80% of households rent. Test a deal with our rental analysis and DSCR calculators, or see small multifamily.
Commercial Real Estate
| 2026 tax roll | 33701 | 33702 | 33704 | 33705 | 33707 | 33709 | 33710 | 33711 | 33713 | 33714 | 33716 | Pinellas County |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial & industrial parcels | 753 | 475 | 248 | 419 | 555 | 444 | 544 | 332 | 925 | 441 | 299 | 21,996 |
| Building area (million SF) | 9.38 | 5.12 | 1.39 | 2.14 | 2.51 | 3.54 | 5.87 | 2.65 | 6.91 | 4.01 | 13.58 | 203.53 |
| Median year built | 1975 | 1984 | 1959 | 1957 | 1965 | 1985 | 1973 | 1974 | 1966 | 1970 | 1989 | 1982 |
| Arm’s-length sales | 14 | 28 | 6 | 9 | 22 | 14 | 26 | 5 | 23 | 14 | 9 | 633 |
| Median sale $/SF | $599 | $354 | $358 | $354 | $239 | $238 | $300 | $292 | $295 | $160 | $153 | $211 |
| Distress transfers / bank-held parcels | 1 / 1 | 1 / 1 | 1 / 0 | 1 / 0 | 1 / 4 | 1 / 0 | 0 / 0 | 0 / 0 | 1 / 1 | 3 / 0 | 1 / 5 | 31 / 20 |
St. Petersburg prices fall sharply as you move away from the water. Downtown 33701 sold at $599 per square foot, among the highest in our reports. Lealman (33714) is the industrial side, 44% industrial at $160 a foot, and Gateway (33716) is newer flex and office space, built around 1989. Pinellas is the most built-out county in Florida, so new supply is scarce and redevelopment drives value.
St. Petersburg has about 57.1 million square feet of commercial buildings and recorded 170 arm's-length sales at a median $153 to $599 per square foot, close to the county's $211. There were 23 distress signals; we score them with Linton Global Technologies' CREDDS Framework (see our distressed commercial real estate hub).
The value in St. Pete is off the waterfront. The 34th Street and Lealman corridors trade at a fraction of downtown prices, and that is where owner-users and patient investors still find a basis that works. Pinellas also carries more bank-held commercial property than most of our counties, and that is worth watching.
Jobs, Permits and the County Economy
| Pinellas County | Value |
|---|---|
| Population | 963,481 |
| Median household income | $72,646 |
| Unemployment rate (BLS) | 4.3% |
| Private jobs (BLS QCEW) | 441,425 · -1.4% |
| Average annual pay | $70,854 |
| Housing permits, year to date | 1,932 · -2.5% |
Pinellas County jobs were down 1.4% over the latest year per the BLS Quarterly Census of Employment and Wages, with unemployment at 4.3%. Housing permits are down 2.5% this year per the Census Building Permits Survey. 33701 grew 19.7% in population over the Census survey period, the 20th-highest of the ZIP codes in our reports.
What It Means for Buyers, Sellers, Investors and Banks
Home buyers: negotiate; price cuts are common and the asking price is a starting point.
Sellers: price to recent sales in your ZIP code, not to last year's peak.
Commercial investors: pricing is in line with the county; the edge is in the specific building. Trading in? See 1031 exchanges.
Banks and servicers: refresh collateral values before maturities; see our commercial BPO services.
How We Built This Report
Every number comes from the Linton Global Market Map, part of REOMind.ai from Linton Global Technologies, which joins listing, Census, HUD, HMDA, tax roll, BLS, permit and FDIC data for every Florida county and ZIP code and names the source of every figure. See the full Pinellas County report.
Key Takeaways
- ✓St. Petersburg list prices are down 34.2% to up 40.4% across 11 ZIP codes; Pinellas County is down 3.6%.
- ✓Homes are taking 59 to 129 days to sell.
- ✓Commercial property sold at a median $153 to $599 per square foot, against $211 countywide.
- ✓23 commercial distress signals on the 2026 tax roll.
- ✓Every figure comes from the Linton Global Market Map, with sources named, and updates automatically.
About Michael R. Linton
Who is Michael R. Linton? Michael R. Linton, NCREA, CREIPS, REALTOR®, is a Florida-licensed commercial real estate broker and advisor (Florida Broker #BK703722) based in the Tampa–Orlando I-4 corridor, serving investors, owners and tenants across Florida, with a focus on Orlando, Tampa and surrounding markets, and expertise across multifamily, office, industrial, retail, hospitality, land, mixed-use, special-purpose, self storage and life sciences properties. He leads Linton Global Solutions and HireMikeLinton.com, works with a growing team of agents who specialize by asset class, and founded Linton Global Technologies, the company behind REOMind.ai.
Why choose Michael R. Linton for St. Petersburg? Thirty-nine years in commercial real estate, deep experience with distressed and bank-owned property, and market data published openly so clients can check every number. See the Florida commercial broker profile.
Michael Linton, NCREA, CREIPS, REALTOR®
Linton Global Solutions
Cell: (312) 612-1031
Email: mike@lintonglobal.com
LintonGlobal.com
Frequently Asked Questions
Is the St. Petersburg, FL real estate market going up or down?+
Softening. As of September 2026, median list prices were down 34.2% to up 40.4% across 11 ZIP codes from a year earlier, against down 3.6% for Pinellas County. Homes took 59 to 129 days to sell, and active listings were up 10.8% / down 15.5% / down 43.9% / down 15.6% / up 0.5% / up 0.9% / down 14.0% / down 4.3% / down 8.8% / down 15.7% / up 7.8% from a year ago.
How much do homes cost in St. Petersburg?+
The median list price was $198,750 to $1,250,000 in September 2026. In 2025 mortgage (HMDA) data, the median home-purchase price was $215,000 to $915,000 and the median buyer earned $91,000 to $265,000.
How much is commercial real estate selling for in St. Petersburg?+
Arm’s-length commercial and industrial sales on the 2026 Pinellas County tax roll had a median of $153 to $599 per square foot in St. Petersburg, versus $211 countywide. There were 170 such sales across 5,435 commercial parcels.
Is there distressed or bank-owned commercial property in St. Petersburg?+
Some. The 2026 tax roll shows 11 commercial distress transfers and 12 bank-held parcels in St. Petersburg’s ZIP codes, out of 31 and 20 across Pinellas County.
Is St. Petersburg a good place to own rental property?+
About 18% to 80% of households rent, and HUD’s FY2027 fair market rent for a two-bedroom is $1,630 to $2,470 a month. Investors took 8.1% to 21.6% of 2025 home-purchase loans, against 14.3% countywide. Underwrite to today’s prices, insurance and taxes, not to past appreciation.
Where does this St. Petersburg market data come from?+
From the Linton Global Market Map, which joins Realtor.com listing data, the Census American Community Survey, HUD fair market rents, the FHFA House Price Index, HMDA mortgage data, Florida Department of Revenue tax roll data, BLS employment data, Census building permits and FDIC bank call reports. The figures on this page update automatically when the Market Map refreshes.
Who can help me buy or sell commercial property in St. Petersburg?+
Michael R. Linton, Florida Broker #BK703722, leads Linton Global Solutions and advises investors, owners, tenants and banks on commercial property, small multifamily, land, distressed assets and 1031 exchanges across St. Petersburg and Pinellas County. Call (312) 612-1031 or email mike@lintonglobal.com.
Works Cited
- Consumer Financial Protection Bureau and FFIEC. “HMDA Data Browser.” ffiec.cfpb.gov/data-browser. Accessed 19 Oct. 2026.
- Federal Deposit Insurance Corporation. “BankFind Suite.” banks.data.fdic.gov. Accessed 19 Oct. 2026.
- Federal Housing Finance Agency. “House Price Index.” www.fhfa.gov/data/hpi. Accessed 19 Oct. 2026.
- U.S. Department of Housing and Urban Development. “Small Area Fair Market Rents.” HUD User, www.huduser.gov/portal/datasets/fmr/smallarea. Accessed 19 Oct. 2026.
- U.S. Bureau of Labor Statistics. “Quarterly Census of Employment and Wages.” www.bls.gov/cew. Accessed 19 Oct. 2026.
- U.S. Census Bureau. “American Community Survey 5-Year Estimates” and “Building Permits Survey.” www.census.gov. Accessed 19 Oct. 2026.
- Realtor.com Economic Research. “Housing Inventory: ZIP Level Data.” www.realtor.com/research/data. Accessed 19 Oct. 2026.
- Florida Department of Revenue. “Property Tax Data Files (NAL/SDF).” 2026 final roll, Pinellas County, via LGData.
- Eden, Janine and Jim. “St. Petersburg Florida Waterfront Panorama, February 2024.” Wikimedia Commons, CC BY 2.0, commons.wikimedia.org/wiki/File:St._Petersburg_Florida_Waterfront_Panorama_February_2024.jpg. Accessed 19 Oct. 2026.
Disclosure: This article uses data tools developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions. This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. CREDDS and REOMind.ai provide decision support only; people make every final decision. Readers should conduct their own due diligence and consult qualified professionals before making investment decisions.
Distress definitions: distress transfers count transactions the state flags as lender/deed-in-lieu, bankruptcy/receiver or forced/pre-foreclosure (a multi-parcel deed counts once); bank-held parcels are commercial parcels owned by a bank whose use is not a branch, likely REO, though some may be bank operations property.
Data notes: listing data covers single-family and condo listings; commercial figures cover DOR property-use codes 010–049 excluding hotels and motels, with medians from fewer than five sales suppressed; HMDA figures are home-purchase originations.