$6,223 Closing Credit*
$524,000
772 SqFt
1 Bed
•1 Full Bath
Monty Rifaie, Listing Office: NATIONWIDE REALTY SOLUTIONS LL
Is Downtown Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Downtown Tampa has remained a Buyer's Market.
Key Takeaway
Downtown Tampa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Tampa, FL
How much do homes in Downtown Tampa, FL cost?
Median Sold Price
$440,000
$631/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$62,500(-12.4%)
Key Takeaway
Homes in Downtown Tampa have sold for 12.4% less than they did a year ago.
Summary: The median home sold price in Downtown Tampa was $440,000 in October 2024, down 12.4% from last year, and the median price per square foot was $631.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $452.5K | $421.2K | -6.9% |
| 2 Bedrooms | $710.5K | $675K | -5.0% |
| 3 Bedrooms | $3.5M | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Downtown Tampa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Tampa Heights | $524K | $672.4K | +28.3% |
| Channel District | $566.5K | $551K | -2.7% |
| Historic Ybor | $315K | $280K | -11.1% |
| Downtown Tampa | $502.5K | $440K | -12.4% |
Housing Supply in Downtown Tampa, FL
How many homes are available in Downtown Tampa, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Downtown Tampa real estate market had 34 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Tampa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Tampa, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Downtown Tampa in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Tampa, FL
How long does it take to sell a home in Downtown Tampa, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 126 Days | +2000.0% |
Summary: Homes in Downtown Tampa had an average of 126 days on market in Oct 2024, up by 2000% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Downtown Tampa are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Downtown Tampa; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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