Is Tampa Heights, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tampa Heights was a Neutral Market.
Key Takeaway
Tampa Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tampa Heights, FL
How much do homes in Tampa Heights, FL cost?
Median Sold Price
$599,000
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tampa Heights have sold for 19% more than they did a year ago.
Summary: The median home sold price in Tampa Heights was $599,000 in April 2024, up 19% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $307.4K | $360K | +17.1% |
| 3 Bedrooms | $473.5K | $642.4K | +35.7% |
| 4 Bedrooms | $674.8K | $845K | +25.2% |
| 5+ Bedrooms | $699.9K | $915K | +30.7% |
Summary: Tampa Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 30.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Tampa Heights | $503.3K | $599K | +19.0% |
| South Seminole Heights | $492K | $508.5K | +3.4% |
| V.M. Ybor | $340K | $350K | +2.9% |
| Ybor Heights | $345K | $332K | -3.8% |
Housing Supply in Tampa Heights, FL
How many homes are available in Tampa Heights, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 65 | +1.6% |
Summary: The Tampa Heights real estate market had 65 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 37 | 38 | +2.7% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Tampa Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tampa Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Tampa Heights in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Tampa Heights, FL
How long does it take to sell a home in Tampa Heights, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 39 Days | -49.0% |
Summary: Homes in Tampa Heights had an average of 39 days on market in Apr 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tampa Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Tampa Heights; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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