Is Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tampa has remained a Seller's Market.
Key Takeaway
Tampa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tampa, FL
How much do homes in Tampa, FL cost?
Median Sold Price
$411,476
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Tampa has remained the same since last year.
Summary: The median home sold price in Tampa was $411,476 in April 2024, down 0.5% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.6K | $210K | -7.7% |
| 2 Bedrooms | $300K | $284.8K | -5.0% |
| 3 Bedrooms | $394.9K | $399.9K | +1.2% |
| 4 Bedrooms | $578.8K | $585.4K | +1.1% |
| 5+ Bedrooms | $925.8K | $915.9K | -1.1% |
Summary: Tampa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Temple Terrace | $319.9K | $351K | +9.7% |
| Palm River-Gibsonton | $330.4K | $335K | +1.4% |
| Lutz | $485K | $489.5K | +0.9% |
| Tampa | $413.5K | $411.4K | -0.5% |
| Thonotosassa | $420K | $310K | -26.2% |
Housing Supply in Tampa, FL
How many homes are available in Tampa, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3,602 | 3,695 | +2.6% |
Summary: The Tampa real estate market had 3,695 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 202 | 214 | +5.9% |
| 2 Bedrooms | 753 | 773 | +2.7% |
| 3 Bedrooms | 1,487 | 1,487 | 0.0% |
| 4 Bedrooms | 831 | 849 | +2.2% |
| 5+ Bedrooms | 329 | 372 | +13.1% |
Summary: The Tampa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 2.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 13.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 779 | 755 | -3.1% |
Asking Price vs. Sold Price
457 Homes Were Sold
Under Asking
167 Homes Were Sold
At Asking
131 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tampa, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.
Summary: A total of 755 homes were sold or pending in Tampa in April 2024, down by 3.1% month-over-month. Of the 755 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Tampa, FL
How long does it take to sell a home in Tampa, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 40 Days | +3.7% |
Summary: Homes in Tampa had an average of 40 days on market in Apr 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
451 Homes Were Sold
Under 30 Days
189 Homes Were Sold
In 30 - 90 Days
115 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tampa are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 755 homes were sold in Tampa; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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