Is Tampa, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tampa is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tampa was a Seller's Market.

Key Takeaway

Tampa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tampa, FL

How much do homes in Tampa, FL cost?

Median Sold Price

$424,933

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,653(+4.3%)

Key Takeaway

Homes in Tampa have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Tampa was $424,933 in November 2024, up 4.3% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $211K$200K
-5.2%
2 $284.9K$284.7K
0%
3 $390.8K$408.3K
+4.5%
4 $577.4K$579K
0.3%
5+ $905K$904.6K
0%

Summary: Tampa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Temple Terrace
+11.1%
Thonotosassa
+7.5%
Lutz
+4.8%
Tampa
+4.3%
Palm River-Gibsonton
0.5%

Housing Supply in Tampa, FL

How many homes are available in Tampa, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3,6683,835+4.6%

Summary: The Tampa real estate market had 3,835 homes for sale in November 2024, a 4.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 205220
+7.3%
2 750815
+8.7%
3 1,5431,614
+4.6%
4 818837
+2.3%
5+ 352349
-0.9%

Summary: The Tampa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 0.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
595488-18.0%

Asking Price vs. Sold Price

298 Homes Were Sold
Under Asking

112 Homes Were Sold
At Asking

78 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tampa, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 488 homes were sold or pending in Tampa in November 2024, down by 18.0% month-over-month. Of the 488 sold homes, 61% were sold under asking, 23% were sold at asking, and 16% 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 2023Nov 2024CHANGE
35 Days51 Days+47.3%

Summary: Homes in Tampa had an average of 51 days on market in Nov 2024, up by 47.3% compared to last year.

Breakdown of Home Sale Times

245 Homes Were Sold
Under 30 Days

141 Homes Were Sold
In 30 - 90 Days

102 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tampa are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 488 homes were sold in Tampa; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in Tampa, FL

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