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Pinellas County Market Statistics January 2024

Pinellas County Market Statistics January 2024

Written by Kathleen Seide

I have a passion for helping others meet their goals. I focus on the important issues facing people. I am curious and adventurous by nature. I love exploring and understanding the world, sometimes that means meditation and other times I hike hours into the wilderness to see where a path leads.

February 23, 2024

How’s the real estate market?

In this month’s video we talk about how interest rates and legislative changes are affecting the local Pinellas County real estate market.

Interest rate increases and some legislative changes for condos have cooled buyer demand and increased supply for our local market.

Significantly for homeowners, the median sale price peaked in the summer and has come down this winter, although we still see price appreciation year over year. 

Luxury Homes in Pinellas County

Luxury homes are performing slightly better than a year ago, with new sales slightly outpacing inventory levels.

Homes sales in the $1,000,000 and above range almost doubled year to year, while inventory

Median Sale Price Closed Sales Inventory Days to Contract

Price per Sqft

Jan-2023  $1,499,000 46 394 48  $550
Jan-2024  $1,457,500 72 576 39  $648


Median Home Prices went up year to year.

Closing at a median of $455,000 Jan 2024.

That’s up 13.8% from a year prior ($400,000 Jan 2023)

Townhouses and Condos were up by almost 3.6% to $290,000


Inventory is also up quite a bit.

There were 1,771 homes on the market last January, and 2,329 Jan 2024.

That’s an increase of 31.5% year to year.

That represents a 2.8 month supply of inventory (still a seller’s market)

This increase in inventory and longer time on market creates a better experience for buyers who now have a bit more selection when looking for a new home.


574 single-family home sales closed in Jan.

Total number of sales was down only 4.6% year to year – a small drop compared to prior years.

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