Is East Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, East Tampa was a Seller's Market.
Housing Prices in East Tampa, FL
How much do homes in East Tampa, FL cost?
Median Sold Price
$295,266
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Tampa was $295,266 in March 2024, up 4.2% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $132.5K | -1.9% |
2 Bedrooms | $214.9K | $219.9K | +2.3% |
3 Bedrooms | $284.8K | $313K | +9.9% |
4 Bedrooms | $335K | $327.7K | -2.2% |
5+ Bedrooms | $500K | $350K | -30.0% |
Summary: East Tampa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Neighborhoods
Rainbow Heights | $260K | $307.4K | +18.2% |
East Tampa | $283.2K | $295.2K | +4.2% |
Housing Supply in East Tampa, FL
How many homes are available in East Tampa, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 93 | +6.9% |
Summary: The East Tampa real estate market had 93 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 48 | 57 | +18.8% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The East Tampa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in East Tampa in March 2024, up by 25.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for East Tampa, FL
How long does it take to sell a home in East Tampa, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 43 Days | -25.7% |
Summary: Homes in East Tampa had an average of 43 days on market in Mar 2024, down by 25.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in East Tampa; 40% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.