Is New 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, New Tampa was a Seller's Market.
Housing Prices in New Tampa, FL
How much do homes in New Tampa, FL cost?
Median Sold Price
$494,990
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Tampa was $494,990 in March 2024, up 10% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160.4K | $178.5K | +11.2% |
2 Bedrooms | $230K | $234.5K | +2.0% |
3 Bedrooms | $385K | $394.5K | +2.5% |
4 Bedrooms | $592.5K | $610K | +2.9% |
5+ Bedrooms | $700K | $685K | -2.1% |
Summary: New Tampa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Neighborhoods
Hunter's Green | $452K | $582.5K | +28.9% |
New Tampa | $449.9K | $494.9K | +10.0% |
West Meadows | $470K | $502K | +6.8% |
Richmond Place | $232.5K | $241K | +3.7% |
Pebble Creek Village | $438K | $427.7K | -2.3% |
Housing Supply in New Tampa, FL
How many homes are available in New Tampa, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
266 | 280 | +5.3% |
Summary: The New Tampa real estate market had 280 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 58 | 69 | +19.0% |
3 Bedrooms | 74 | 70 | -5.4% |
4 Bedrooms | 86 | 91 | +5.8% |
5+ Bedrooms | 38 | 37 | -2.6% |
Summary: The New Tampa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 19%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 45 | -25.0% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in New Tampa in March 2024, down by 25.0% month-over-month. Of the 45 sold homes, 82% were sold under asking, 13% were sold at asking, and 4% were sold over asking.
Days on Market for New Tampa, FL
How long does it take to sell a home in New Tampa, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 51 Days | +30.8% |
Summary: Homes in New Tampa had an average of 51 days on market in Mar 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in New Tampa; 44% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.