Is Tarpon Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$434,071
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tarpon Springs have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Tarpon Springs was $434,071 in March 2024, up 8.2% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | $147.2K | +9.1% |
| 2 Bedrooms | $274K | $261.2K | -4.7% |
| 3 Bedrooms | $440K | $460K | +4.5% |
| 4 Bedrooms | $565K | $640K | +13.3% |
| 5+ Bedrooms | $907.5K | $1.1M | +24.0% |
Summary: Tarpon Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 24%.
Median Sold Price Compared To Nearby Cities
| Tarpon Springs | $401K | $434K | +8.2% |
| Palm Harbor | $401.6K | $427.8K | +6.5% |
Housing Supply in Tarpon Springs, FL
How many homes are available in Tarpon Springs, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 350 | 376 | +7.4% |
Summary: The Tarpon Springs real estate market had 376 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 108 | 121 | +12.0% |
| 3 Bedrooms | 132 | 134 | +1.5% |
| 4 Bedrooms | 72 | 81 | +12.5% |
| 5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The Tarpon Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 58 | +20.8% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 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. 74.1% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Tarpon Springs in March 2024, up by 20.8% month-over-month. Of the 58 sold homes, 74% were sold under asking, 19% were sold at asking, and 7% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 53 Days | +4.5% |
Summary: Homes in Tarpon Springs had an average of 53 days on market in Mar 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
13 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 March 2024, 58 homes were sold in Tarpon Springs; 41% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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