Is Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tampa has remained a Seller's Market.
Housing Prices in Tampa, FL
How much do homes in Tampa, FL cost?
Median Sold Price
$411,383
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tampa was $411,383 in March 2024, down 0.4% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.4K | $214.9K | -6.3% |
2 Bedrooms | $303.1K | $284.9K | -6.0% |
3 Bedrooms | $390.7K | $399.6K | +2.3% |
4 Bedrooms | $589.5K | $579.1K | -1.8% |
5+ Bedrooms | $952.4K | $913.3K | -4.1% |
Summary: Tampa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
Temple Terrace | $322.5K | $348K | +7.9% |
Tampa | $412.8K | $411.3K | -0.4% |
Lutz | $488.2K | $486K | -0.4% |
Palm River-Gibsonton | $333.4K | $330.9K | -0.8% |
Thonotosassa | $415K | $340K | -18.1% |
Housing Supply in Tampa, FL
How many homes are available in Tampa, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,446 | 3,552 | +3.1% |
Summary: The Tampa real estate market had 3,552 homes for sale in March 2024, a 3.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 187 | 218 | +16.6% |
2 Bedrooms | 709 | 761 | +7.3% |
3 Bedrooms | 1,444 | 1,451 | 0.5% |
4 Bedrooms | 811 | 806 | -0.6% |
5+ Bedrooms | 295 | 316 | +7.1% |
Summary: The Tampa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.6%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
683 | 735 | +7.6% |
Asking Price vs. Sold Price
441 Homes Were Sold
Under Asking
164 Homes Were Sold
At Asking
130 Homes Were Sold
Over Asking
Summary: A total of 735 homes were sold or pending in Tampa in March 2024, up by 7.6% month-over-month. Of the 735 sold homes, 60% were sold under asking, 22% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 47 Days | -0.2% |
Summary: Homes in Tampa had an average of 47 days on market in Mar 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
419 Homes Were Sold
Under 30 Days
183 Homes Were Sold
In 30 - 90 Days
133 Homes Were Sold
Over 90 Days
Summary: During March 2024, 735 homes were sold in Tampa; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.