What does a townhome cost in Pinellas County? The county's own numbers suggest you can get one for about half the price of a house. On the western edge of Greater Woodlawn, a new townhome costs a good deal more than the county's typical house.
The county figure and the 16th Street asking price describe different kinds of homes.
The County Number That Misleads Townhome Shoppers
The Pinellas REALTOR Organization's September 2026 report, released October 16, 2026, puts townhouses and condos together in one category. Single-family homes get their own. Here is how the two compared that month:
| September 2026, Pinellas County | Single-family homes | Townhouses and condos |
|---|---|---|
| Median sale price | $465,000, up 9.4% year over year | $246,750, up 3.7% |
| Closed sales | 746 | 495 |
| Paid in cash | 231 | 304 |
| Median time to contract | 36 days | 61 days |
| Months' supply | 3.7 | 6.5 |
Look at the cash line. In September 2026, 304 of the county's 495 townhouse and condo sales closed in cash, about 61%. For single-family homes it was 231 of 746, about 31%. The combined category, with its lower median and much higher cash share, behaves differently from the single-family market. A three-story townhome with a two-car garage on a neighborhood corridor gets averaged in with every condo sale in the county.
You can read the full Pinellas REALTOR Organization September 2026 report. It is the most recent county release before this post.
St. Petersburg's NTM-1 Zoning Category
NTM-1 is short for Neighborhood Traditional Mixed Residential. City Council created the zoning category with Ordinance 405-H on December 12, 2019. In March 2023, Council voted 7 to 1 to apply it to 2,895 properties in the core of the city. According to the City of St. Petersburg's announcement, eligible owners can convert a home into, or build, up to four residences on a typical single-family lot.
Woodlawn Is Framed by Corridors
The Greater Woodlawn Neighborhood Association describes the neighborhood as 22nd Avenue North to 30th Avenue North, between 16th Street North on the west and 9th Street North on the east. 9th Street used to be called Euclid Boulevard and is now known as Dr. Martin Luther King Jr. Street North. Within those lines are about 625 homes. Most date from the 1920s and '30s, with more from the 1940s and '50s. The neighborhood is made up of 11 subdivisions platted between 1912 and 1950, and its one designated park is Blanc Park on 28th Avenue North.
Both north-south edges are commercial streets. On the MLK side, St. Pete Running and Coffee moved into a former hair salon at 2601 Dr. MLK Jr. Street N and held its grand opening on January 11, 2026. The 16th Street side is where TRB Development has put its Woodlawn townhomes.
The First Project at the Gateway
In June 2022, St. Pete Rising reported that TRB Development, owned by Trevor Burgess and Jon Carlon, had bought a 0.36-acre lot at 2203 16th Street North in December 2021 for just under $1.1 million. The site, at the northeast corner of 16th Street and Greenwood Avenue, had been a medical office. TRB planned seven three-story townhomes there and said it was the first of three projects planned for 16th Street. Carlon told St. Pete Rising that "16th Street forms the western boundary of downtown and is a street ripe for re-development."
The project is now called Greenwood Townhomes. TRB markets it as the gateway to Woodlawn and describes these features:
- Seven townhomes in three floor plans, 1,875 to 2,263 square feet
- Two-car garages of 422 to 459 square feet
- Three bedrooms and three and a half baths
- All-concrete construction, designed by Renker Eich Parks Architects
TRB's site describes the homes as move-in ready and lists them starting at $829,000.
That asking price is about 1.8 times the county's September 2026 single-family median of $465,000 and more than three times the combined townhouse-and-condo median of $246,750. Some of that gap comes from the land. A lot bought for just under $1.1 million and split seven ways comes to roughly $157,000 of land per home before any concrete is poured. The rest comes from the product itself: two-car garages, a 2,000-square-foot class of home, and a builder pitching resiliency and privacy. These homes compete with Woodlawn's detached houses and with new single-family builds nearby. They don't compete with condos.
A Second Project at the Brick Street
TRB also lists a second Woodlawn project at 2727 16th Street North: eight townhomes at the corner of 28th Avenue North, which the builder describes as a brick-lined street with easy access to downtown and I-275. They are listed at about 2,500 square feet plus a two-car garage, with three bedrooms and three and a half baths, designed by Luttrell Architecture. The builder's site labels the project 2026.
28th Avenue North is also the street with Blanc Park. With both projects, Woodlawn's west edge would have new townhomes at two of its avenues, 22nd and 28th, while the brick interior streets keep the 1920s-to-1950s houses described above.
What This Means When You Compare Woodlawn
If you're weighing Woodlawn against neighborhoods nearby, it helps to think of it as two kinds of housing stock in one place.
The interior is about 625 older homes on streets platted a century ago. Prices there follow the county's single-family market, which in September 2026 meant a 36-day median time to contract and 3.7 months of supply.
The corridor edge has new construction, and the new homes there come with concrete walls, garages, and a starting price above most of the county's detached houses. A buyer who expects a townhome to cost less because the county's townhouse median is $246,750 will find that 16th Street doesn't work that way.
Neither part of the neighborhood is the cheaper way into the other. They are separate purchases that happen to share Blanc Park and a neighborhood association. On a smaller scale, the association's yard sale on Saturday, November 14, 2026, from 8 a.m. to 2 p.m., is free for Greater Woodlawn residents to join.
A Few Common Questions
Why don't the county's townhouse numbers match what I see on 16th Street? The Pinellas REALTOR Organization combines townhouses and condos in one category. In September 2026, that combined category had a $246,750 median and about 61% of its sales closed in cash, so a new 16th Street townhome is being measured against a very different mix of homes.
If you're deciding between a new townhome on Woodlawn's 16th Street edge and an older house on one of its brick side streets, Silver and Welch Collective can go through recent sales of each with you, so you know what a fair price looks like on that block before you make an offer. Schedule a free consultation.
