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 July 2021

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.

How much do homes in Tampa, FL cost?

Median Sold Price

$384,797

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$55,911(+17.0%)

Key Takeaway

Homes in Tampa have sold for 17% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $173.3K$227.2K
+31.1%
2 $239.4K$281K
+17.4%
3 $309.3K$370K
+19.6%
4 $468.7K$566.6K
+20.9%
5+ $825K$995K
+20.6%

Median Sold Price Compared To Nearby Cities

Palm River-Gibsonton
+37.9%
Temple Terrace
+28.3%
Lutz
+23.8%
Oldsmar
+22.2%
Tampa
+17.0%

How many homes are available in Tampa, FL?

Number of Homes For Sale

Jun 2022Jul 2022%
2,0752,155+3.9%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 99116
+17.2%
2 404431
+6.7%
3 858901
+5.0%
4 446442
-0.9%
5+ 268265
-1.1%

Number of Homes Sold

Jun 2022Jul 2022%
557485-12.9%

Asking Price vs. Sold Price

178 Homes Were Sold
Under Asking

130 Homes Were Sold
At Asking

177 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. 36.7% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
17 Days15 Days-10.3%

Breakdown of Home Sale Times

413 Homes Were Sold
Under 30 Days

62 Homes Were Sold
In 30 - 90 Days

10 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.

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

About Tampa, FL

Homes for sale in Tampa, FL have reached 2,155. The number of homes for sale in Tampa, FL increased by 3.9% between June 2022 and July 2022. While the average time on the market in July 2022 was 15 days, the median list price was $384,797. This housing market listing prices have changed between June 2022 and July 2022: 1 bedroom properties prices increased by 31.1%, the cost of 2 bedrooms properties went up by 17.4%, prices of 3 bedrooms properties increased by 19.6%, prices of 4 bedrooms properties increased by 20.9%, 5 bedrooms properties became 20.6% more expensive. This housing market inventory have changed: 1 bedroom homes inventory increased by 17.2%, 2 bedrooms homes inventory increased by 6.7%, 3 bedrooms homes inventory increased by 5%, 4 bedrooms homes became 0.9% less available, number of 5 bedrooms homes decreased by 1.1%. In July 2022 more than 177 listings in Tampa, FL were sold above the asking price. During the same period more than 130 listings were sold at asking price, while more than 178 were sold below.

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