Is Tarpon Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Tarpon Springs was a Seller's Market.
Key Takeaway
Tarpon Springs 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 Tarpon Springs, FL
How much do homes in Tarpon Springs, FL cost?
Median Sold Price
$465,116
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Tarpon Springs have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Tarpon Springs was $465,116 in June 2024, up 16.3% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148.4K | $145K | -2.3% |
| 2 Bedrooms | $268.5K | $260K | -3.2% |
| 3 Bedrooms | $432K | $475K | +10.0% |
| 4 Bedrooms | $589.9K | $655K | +11.0% |
| 5+ Bedrooms | $907.5K | $1.1M | +21.2% |
Summary: Tarpon Springs housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Tarpon Springs | $400K | $465.1K | +16.3% |
| Palm Harbor | $400K | $435.7K | +8.9% |
Housing Supply in Tarpon Springs, FL
How many homes are available in Tarpon Springs, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 379 | 383 | +1.1% |
Summary: The Tarpon Springs real estate market had 383 homes for sale in June 2024, a 1.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 104 | 105 | +1.0% |
| 3 Bedrooms | 133 | 123 | -7.5% |
| 4 Bedrooms | 94 | 104 | +10.6% |
| 5+ Bedrooms | 33 | 36 | +9.1% |
Summary: The Tarpon Springs housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 64 | 57 | -10.9% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tarpon Springs, you may be able to get a good deal. 80.7% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Tarpon Springs in June 2024, down by 10.9% month-over-month. Of the 57 sold homes, 81% were sold under asking, 9% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 36 Days | 63 Days | +71.6% |
Summary: Homes in Tarpon Springs had an average of 63 days on market in Jun 2024, up by 71.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tarpon Springs are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 57 homes were sold in Tarpon Springs; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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