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.
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
$411,383
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Tampa has remained the same since last year.
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
Key Takeaway
If you're buying a home in Tampa, you may be able to get a good deal. 60% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Tampa are selling fast, if you're buying plan to act quickly.
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.
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