Spencer
Homes for Sale in St. Petersburg, FL

This is a small, tightly held slice of St Petersburg — 193 homes with a majority owner-occupied at a homestead share near 64% — where age and condition, not square footage alone, set the price.

Stellar MLS sales records identify 11 homes in Spencer that have changed hands since 2013, built between 1953 and 1975 (median 1956), with a median living area of about 1,503 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Spencer is too small for its own price trend, so here is the market around it.

In ZIP 33707, 338 homes are on the market and 19% are under contract — a steady corner of St Petersburg.

Across Pinellas County, 6,628 homes are active and 1,729 pending (21% under contract).

In ZIP 33707 (St Petersburg), 729 homes closed in the last 12 months at a median of $385K ($307/sq ft), down 1.1% year over year, with a median 48 days on market. Right now 192 active and 46 pending listings put supply at about 4.9 months — a buyer's market. See the live ZIP 33707 housing market and the Pinellas County market.

ZIP and county figures describe the wider market, not Spencer specifically. Momentum Research analysis of MLS records.

With a median year built of 1955 and a range stretching back to 1921, the bones here are old Florida — bungalows and mid-century construction on modest lots. The presence of homes as new as 2024 signals infill and rebuilds are happening, which widens the price spread and makes per-square-foot comparisons unreliable house to house. A buyer should read each listing on its own merits: roof, systems, foundation, and how much of the original has been updated.

The homestead share near 64% points to a community held more by owner-occupants than by short-term turnover, which tends to support steadier upkeep but also thinner inventory. Combined with a small closings window, that means comps are scarce and each new sale carries weight. Expect to lean on condition-adjusted judgment rather than a clean band of recent trades.

In a thin-turnover, vintage market like Spencer, the comp math is only as good as the condition read behind it. We walk the difference between a genuinely renovated 1950s home and one that has been staged over deferred maintenance, and we price and negotiate to that reality — not to a median that flattens real distinctions.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.