Is Port Tampa City, 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, Port Tampa City has remained a Seller's Market.
Housing Prices in Port Tampa City, FL
How much do homes in Port Tampa City, FL cost?
Median Sold Price
$635,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Port Tampa City was $635,000 in April 2024, up 32% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $275K | $297K | +8.0% |
3 Bedrooms | $420K | $425K | +1.2% |
4 Bedrooms | $638.3K | $665K | +4.2% |
5+ Bedrooms | $710K | $753.8K | +6.2% |
Summary: Port Tampa City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
Port Tampa City | $481K | $635K | +32.0% |
Gandy / Sun Bay South | $455K | $480K | +5.5% |
South Tampa | $623.5K | $653.2K | +4.8% |
Housing Supply in Port Tampa City, FL
How many homes are available in Port Tampa City, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 34 | -19.0% |
Summary: The Port Tampa City real estate market had 34 homes for sale in April 2024, a 19.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 22 | 17 | -22.7% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Port Tampa City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 6 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Port Tampa City in April 2024, down by 60.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Port Tampa City, FL
How long does it take to sell a home in Port Tampa City, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 59 Days | +6.5% |
Summary: Homes in Port Tampa City had an average of 59 days on market in Apr 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Port Tampa City; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.