Is North Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Tampa has remained a Seller's Market.
Key Takeaway
North Tampa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Tampa, FL
How much do homes in North Tampa, FL cost?
Median Sold Price
$390,102
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Tampa have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in North Tampa was $390,102 in May 2024, up 6.8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.2K | $165K | +2.3% |
| 2 Bedrooms | $235K | $239.6K | +2.0% |
| 3 Bedrooms | $360.3K | $385K | +6.8% |
| 4 Bedrooms | $549.9K | $608.9K | +10.7% |
| 5+ Bedrooms | $899K | $950K | +5.7% |
Summary: North Tampa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Neighborhoods
| East Forest Hills | $299K | $350K | +17.1% |
| University Square | $270K | $310K | +14.8% |
| North Tampa | $365.1K | $390.1K | +6.8% |
| North Tampa Community | $265.5K | $281K | +5.8% |
| Forest Hills | $410K | $380K | -7.3% |
Housing Supply in North Tampa, FL
How many homes are available in North Tampa, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 600 | 623 | +3.8% |
Summary: The North Tampa real estate market had 623 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 133 | 135 | +1.5% |
| 3 Bedrooms | 233 | 227 | -2.6% |
| 4 Bedrooms | 160 | 191 | +19.4% |
| 5+ Bedrooms | 56 | 52 | -7.1% |
Summary: The North Tampa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 156 | 152 | -2.6% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Tampa, you may be able to get a good deal. 57.2% of homes here sold below asking price last month.
Summary: A total of 152 homes were sold or pending in North Tampa in May 2024, down by 2.6% month-over-month. Of the 152 sold homes, 57% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for North Tampa, FL
How long does it take to sell a home in North Tampa, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 38 Days | +5.0% |
Summary: Homes in North Tampa had an average of 38 days on market in May 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Tampa are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 152 homes were sold in North Tampa; 66% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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