Is North 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, 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
$390,768
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Tampa have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in North Tampa was $390,768 in April 2024, up 8.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $165K | +3.1% |
| 2 Bedrooms | $236.5K | $240K | +1.5% |
| 3 Bedrooms | $356.8K | $385K | +7.9% |
| 4 Bedrooms | $548K | $600K | +9.5% |
| 5+ Bedrooms | $892K | $960K | +7.6% |
Summary: North Tampa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
| University Square | $270K | $310K | +14.8% |
| North Tampa | $361.6K | $390.7K | +8.1% |
| North Tampa Community | $263K | $282K | +7.2% |
| Forest Hills | $405K | $380K | -6.2% |
Housing Supply in North Tampa, FL
How many homes are available in North Tampa, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 574 | 554 | -3.5% |
Summary: The North Tampa real estate market had 554 homes for sale in April 2024, a 3.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 19 | -17.4% |
| 2 Bedrooms | 124 | 118 | -4.8% |
| 3 Bedrooms | 223 | 210 | -5.8% |
| 4 Bedrooms | 157 | 153 | -2.5% |
| 5+ Bedrooms | 47 | 54 | +14.9% |
Summary: The North Tampa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 17.4%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 14.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 140 | 151 | +7.9% |
Asking Price vs. Sold Price
90 Homes Were Sold
Under Asking
36 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. 59.6% of homes here sold below asking price last month.
Summary: A total of 151 homes were sold or pending in North Tampa in April 2024, up by 7.9% month-over-month. Of the 151 sold homes, 60% were sold under asking, 24% were sold at asking, and 17% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 36 Days | -9.5% |
Summary: Homes in North Tampa had an average of 36 days on market in Apr 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
104 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
17 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 April 2024, 151 homes were sold in North Tampa; 69% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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