Gulfport FL & 33712 Home Values | Q3 2025 Real Estate Market Report

by Kirby Drake

What’s really happening in our local market — and what it means for you.

If you live in Gulfport or South St. Pete (ZIP 33712), you’ve probably noticed: homes are taking longer to sell, list prices feel more negotiable, and buyers have more breathing room than they’ve had in years.

As someone who lives right here in 33712, I see these changes daily — not just in the data, but in the conversations I have with neighbors, sellers, and buyers throughout the community. Let’s break down what’s actually driving today’s market and how it affects your home’s value.


Snapshot of the Market

Metric Q3 2025 Estimate Trend vs 2024
Average Home Value (Gulfport) ≈ $372,000 ▼ 8–9 %
Median List Price ≈ $434,000 ▼ 4–5 %
Average Days on Market ~ 60 days ▲ +20 days
Average Value ZIP 33712 ≈ $316,000 ▼ 9–10 %
 

(Sources: Zillow Gulfport Market Overview, Redfin Gulfport Housing Data, Realtor.com Gulfport FL Overview)

In short: prices have softened, but not crashed. Quality, location, and presentation are separating fast sellers from stale listings.


Why Values Shifted

  1. Inventory is up, urgency is down.
    More listings hit the market this summer, giving buyers choice and leverage. Homes that once drew five offers may now see one or two.

  2. Interest rates remain a speed bump.
    Higher borrowing costs have trimmed budgets, especially under $500K. Cash and VA buyers still move quickest.

  3. Condition & curb appeal matter more than ever.
    Updated kitchens, new roofs, and flood-mitigation upgrades stand out. “Move-in ready” sells; “project” properties linger.

  4. Micro-markets diverge.
    Within 33712, homes east of 49th Street or near Childs Park show different momentum than those closer to Downtown St. Pete. Real estate is now hyper-local — sometimes block-by-block.
    Living here, I can tell you — buyers are falling in love with the character of these neighborhoods again, but they’re becoming much more discerning about quality and pricing.

👉 If you’d like to see what’s currently on the market nearby, browse current Gulfport listings.


For Homeowners Thinking of Selling

  • Price to the market, not yesterday’s boom.
    A strategic, data-driven list price captures more eyes online and avoids painful reductions.

  • Invest in first impressions.
    Professional photography, light staging, and small fixes can yield thousands more at closing.

  • Know your competition.
    Buyers compare within half-mile radius and price range — let’s make your property the obvious choice.

  • Stay flexible on terms.
    Offering closing-cost help or inspection flexibility can bridge a deal in today’s cautious climate.


For Buyers Entering the Market

  • Leverage time on market.
    Properties sitting 45+ days often welcome negotiation.

  • Target value, not just price.
    Updated homes with flood-mitigation and efficient systems offset insurance costs long-term.

  • Watch emerging pockets.
    Areas like Greater Childs Park and the edges of Gulfport are still trading below regional averages but are drawing steady demand from first-time buyers.


What to Watch Heading Into Q4 2025

  • Pending vs Active Listings Ratio: if pendings rise, the market is tightening again.

  • Sale-to-List Price Spread: expect 94–96 % averages through year-end.

  • Insurance & Flood-Zone Adjustments: new premium structures could affect buyer affordability more than rates. (Verify your flood zone using the Pinellas County Property Appraiser Map)

  • Local Employment & Infrastructure: corridor improvements along 22nd Ave S and 49th St will quietly boost long-term demand.


My Take

The Gulfport / 33712 market is normalizing — which is a healthy thing.
Balanced conditions mean motivated buyers can finally secure homes, and strategic sellers still win when pricing and presentation align.

And because I live here myself, I take a lot of pride in helping my neighbors navigate these changes with confidence. Whether you’re wondering what your home is worth or just keeping an eye on where values are headed, I’m always happy to share real numbers and a no-pressure strategy conversation.

Schedule your personalized home value consultation.

Kirby Drake

Kirby Drake

Global Real Estate Advisor | License ID: SL3596337

+1(813) 702-2363

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