Is Tampa Palms, 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 Palms was a Seller's Market.
Key Takeaway
Tampa Palms is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Tampa Palms, FL
How much do homes in Tampa Palms, FL cost?
Median Sold Price
$402,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tampa Palms have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Tampa Palms was $402,500 in April 2024, down 1.2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.9K | $177K | +3.5% |
| 2 Bedrooms | $235K | $230K | -2.1% |
| 3 Bedrooms | $400K | $404.2K | +1.1% |
| 4 Bedrooms | $630K | $666K | +5.7% |
| 5+ Bedrooms | $950K | $780K | -17.9% |
Summary: Tampa Palms housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 17.9%.
Median Sold Price Compared To Nearby Neighborhoods
| New Tampa | $460K | $493.8K | +7.4% |
| Richmond Place | $230K | $241K | +4.8% |
| Tampa Palms | $407.5K | $402.5K | -1.2% |
Housing Supply in Tampa Palms, FL
How many homes are available in Tampa Palms, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 77 | +8.5% |
Summary: The Tampa Palms real estate market had 77 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Tampa Palms housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tampa Palms, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Tampa Palms in April 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Tampa Palms, FL
How long does it take to sell a home in Tampa Palms, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 50 Days | +864.5% |
Summary: Homes in Tampa Palms had an average of 50 days on market in Apr 2024, up by 864.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tampa Palms are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Tampa Palms; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.