Is New Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Tampa has remained a Seller's Market.
Key Takeaway
New Tampa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Tampa, FL
How much do homes in New Tampa, FL cost?
Median Sold Price
$493,878
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Tampa have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in New Tampa was $493,878 in April 2024, up 7.4% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $177K | +9.3% |
| 2 Bedrooms | $227.4K | $235K | +3.3% |
| 3 Bedrooms | $388.2K | $390K | 0.5% |
| 4 Bedrooms | $579K | $612.4K | +5.8% |
| 5+ Bedrooms | $695K | $689.9K | -0.7% |
Summary: New Tampa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Hunter's Green | $469.7K | $580K | +23.5% |
| West Meadows | $475.7K | $517.4K | +8.8% |
| New Tampa | $460K | $493.8K | +7.4% |
| Richmond Place | $230K | $241K | +4.8% |
| Pebble Creek Village | $447K | $430K | -3.8% |
Housing Supply in New Tampa, FL
How many homes are available in New Tampa, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 274 | 309 | +12.8% |
Summary: The New Tampa real estate market had 309 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 60 | 61 | +1.7% |
| 3 Bedrooms | 69 | 68 | -1.4% |
| 4 Bedrooms | 93 | 113 | +21.5% |
| 5+ Bedrooms | 40 | 54 | +35.0% |
Summary: The New Tampa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 35%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 56 | +21.7% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Tampa, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in New Tampa in April 2024, up by 21.7% month-over-month. Of the 56 sold homes, 68% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for New Tampa, FL
How long does it take to sell a home in New Tampa, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 42 Days | -5.0% |
Summary: Homes in New Tampa had an average of 42 days on market in Apr 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Tampa are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 56 homes were sold in New Tampa; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site. 
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.