Is Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$407,393
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Tampa have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Tampa was $407,393 in November 2023, up 0.7% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240.3K | $211.2K | -12.1% |
| 2 Bedrooms | $300K | $284.4K | -5.2% |
| 3 Bedrooms | $388.6K | $391.4K | +0.7% |
| 4 Bedrooms | $594.7K | $577.5K | -2.9% |
| 5+ Bedrooms | $955.8K | $903.3K | -5.5% |
Summary: Tampa housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Palm River-Gibsonton | $325.4K | $330K | +1.4% |
| Tampa | $404.6K | $407.3K | +0.7% |
| Lutz | $481.3K | $478.3K | -0.6% |
| Temple Terrace | $339.2K | $320K | -5.7% |
| Thonotosassa | $400K | $372.5K | -6.9% |
Housing Supply in Tampa, FL
How many homes are available in Tampa, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 3,239 | 3,169 | -2.2% |
Summary: The Tampa real estate market had 3,169 homes for sale in November 2023, a 2.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 173 | 171 | -1.2% |
| 2 Bedrooms | 647 | 649 | 0.3% |
| 3 Bedrooms | 1,380 | 1,342 | -2.8% |
| 4 Bedrooms | 734 | 725 | -1.2% |
| 5+ Bedrooms | 305 | 282 | -7.5% |
Summary: The Tampa housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 7.5%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 708 | 557 | -21.3% |
Asking Price vs. Sold Price
320 Homes Were Sold
Under Asking
139 Homes Were Sold
At Asking
98 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tampa, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.
Summary: A total of 557 homes were sold or pending in Tampa in November 2023, down by 21.3% month-over-month. Of the 557 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 32 Days | 35 Days | +10.3% |
Summary: Homes in Tampa had an average of 35 days on market in Nov 2023, up by 10.3% compared to last year.
Breakdown of Home Sale Times
347 Homes Were Sold
Under 30 Days
158 Homes Were Sold
In 30 - 90 Days
52 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 November 2023, 557 homes were sold in Tampa; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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