Is Tarpon Springs, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tarpon Springs is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Tarpon Springs was a Seller's Market.

Key Takeaway

Tarpon Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tarpon Springs, FL

How much do homes in Tarpon Springs, FL cost?

Median Sold Price

$463,428

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$53,285(+13.0%)

Key Takeaway

Homes in Tarpon Springs have sold for 13% more than they did a year ago.

Summary: The median home sold price in Tarpon Springs was $463,428 in September 2024, up 13% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $145K$153.5K
+5.9%
2 $269K$250K
-7.1%
3 $450K$460K
+2.2%
4 $615K$643.4K
+4.6%
5+ $987K$1.0M
+3.9%

Summary: Tarpon Springs housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Cities

Tarpon Springs
+13.0%
Palm Harbor
+5.4%

Housing Supply in Tarpon Springs, FL

How many homes are available in Tarpon Springs, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
364348-4.4%

Summary: The Tarpon Springs real estate market had 348 homes for sale in September 2024, a 4.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1010
0.0%
2 105103
-1.9%
3 125124
-0.8%
4 9584
-11.6%
5+ 2927
-6.9%

Summary: The Tarpon Springs housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 6.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5227-48.1%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tarpon Springs, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Tarpon Springs in September 2024, down by 48.1% month-over-month. Of the 27 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.

Days on Market for Tarpon Springs, FL

How long does it take to sell a home in Tarpon Springs, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
47 Days46 Days-2.0%

Summary: Homes in Tarpon Springs had an average of 46 days on market in Sep 2024, down by 2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tarpon Springs are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 27 homes were sold in Tarpon Springs; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in Tarpon Springs, FL

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