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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tampa is a 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

+$2,697(+0.7%)

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

# BEDSNov 2022Nov 2023CHANGE
1 $240.3K$211.2K
-12.1%
2 $300K$284.4K
-5.2%
3 $388.6K$391.4K
+0.7%
4 $594.7K$577.5K
-2.9%
5+ $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
+1.4%
Tampa
+0.7%
Lutz
-0.6%
Temple Terrace
-5.7%
Thonotosassa
-6.9%

Housing Supply in Tampa, FL

How many homes are available in Tampa, FL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
3,2393,169-2.2%

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

# BEDSOct 2023Nov 2023CHANGE
1 173171
-1.2%
2 647649
0.3%
3 1,3801,342
-2.8%
4 734725
-1.2%
5+ 305282
-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 2023Nov 2023CHANGE
708557-21.3%

Asking Price vs. Sold Price

320 Homes Were Sold
Under Asking

139 Homes Were Sold
At Asking

98 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Nov 2023CHANGE
32 Days35 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

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 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.

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

Report Updated 8 Days Ago

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