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 February 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

$436,250

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$36,250(+9.1%)

Key Takeaway

Homes in Tarpon Springs have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Tarpon Springs was $436,250 in February 2024, up 9.1% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $130K$145K
+11.5%
2 $271K$262.5K
-3.1%
3 $439.4K$460K
+4.7%
4 $563K$633.9K
+12.6%
5+ $850K$1.1M
+35.3%

Summary: Tarpon Springs housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 35.3%.

Median Sold Price Compared To Nearby Cities

Tarpon Springs
+9.1%
Palm Harbor
+5.3%

Housing Supply in Tarpon Springs, FL

How many homes are available in Tarpon Springs, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
323342+5.9%

Summary: The Tarpon Springs real estate market had 342 homes for sale in February 2024, a 5.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1113
+18.2%
2 98105
+7.1%
3 120132
+10.0%
4 6865
-4.4%
5+ 2627
+3.8%

Summary: The Tarpon Springs housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 3.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4647+2.2%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 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. 78.7% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Tarpon Springs in February 2024, up by 2.2% month-over-month. Of the 47 sold homes, 79% were sold under asking, 17% were sold at asking, and 4% 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

Feb 2023Feb 2024CHANGE
47 Days49 Days+3.1%

Summary: Homes in Tarpon Springs had an average of 49 days on market in Feb 2024, up by 3.1% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

11 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 February 2024, 47 homes were sold in Tarpon Springs; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% 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 4 Days Ago

Newest Listings in Tarpon Springs, FL

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