Is West 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, West Tampa has remained a Seller's Market.
Housing Prices in West Tampa, FL
How much do homes in West Tampa, FL cost?
Median Sold Price
$448,999
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Tampa was $448,999 in April 2024, up 3% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242K | $229K | -5.4% |
2 Bedrooms | $323K | $320K | -0.9% |
3 Bedrooms | $440K | $457K | +3.9% |
4 Bedrooms | $650K | $685K | +5.4% |
5+ Bedrooms | $732.5K | $1.0M | +44.6% |
Summary: West Tampa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 44.6%.
Median Sold Price Compared To Nearby Neighborhoods
MacFarlane Park | $390K | $438K | +12.3% |
West Tampa | $436K | $448.9K | +3.0% |
Housing Supply in West Tampa, FL
How many homes are available in West Tampa, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
174 | 202 | +16.1% |
Summary: The West Tampa real estate market had 202 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 11 | -15.4% |
2 Bedrooms | 38 | 40 | +5.3% |
3 Bedrooms | 71 | 94 | +32.4% |
4 Bedrooms | 45 | 49 | +8.9% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The West Tampa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 42 | +27.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in West Tampa in April 2024, up by 27.3% month-over-month. Of the 42 sold homes, 60% were sold under asking, 19% were sold at asking, and 21% were sold over asking.
Days on Market for West Tampa, FL
How long does it take to sell a home in West Tampa, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 39 Days | +10.4% |
Summary: Homes in West Tampa had an average of 39 days on market in Apr 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in West Tampa; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.