$1,661 Closing Credit*
$139,900
693 SqFt
1 Bed
•1 Full Bath
Jessie Le, Listing Office: ROBERT SLACK LLC
Is New Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, New Tampa was a Seller's Market.
Key Takeaway
New Tampa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Tampa, FL
How much do homes in New Tampa, FL cost?
Median Sold Price
$512,250
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,616(+7.5%)
Key Takeaway
Homes in New Tampa have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in New Tampa was $512,250 in October 2024, up 7.5% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.9K | $165K | -3.5% |
| 2 Bedrooms | $235K | $233.5K | -0.6% |
| 3 Bedrooms | $380K | $402.5K | +5.9% |
| 4 Bedrooms | $583.7K | $599.5K | +2.7% |
| 5+ Bedrooms | $675K | $715K | +5.9% |
Summary: New Tampa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| New Tampa | $476.6K | $512.2K | +7.5% |
| Pebble Creek Village | $420K | $439.9K | +4.8% |
| West Meadows | $498.5K | $513K | +2.9% |
| Hunter's Green | $550K | $562.5K | +2.3% |
| Richmond Place | $245K | $240K | -2.0% |
Housing Supply in New Tampa, FL
How many homes are available in New Tampa, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 354 | 356 | +0.6% |
Summary: The New Tampa real estate market had 356 homes for sale in October 2024, a 0.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 63 | 65 | +3.2% |
| 3 Bedrooms | 100 | 99 | -1.0% |
| 4 Bedrooms | 114 | 112 | -1.8% |
| 5+ Bedrooms | 67 | 69 | +3.0% |
Summary: The New Tampa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 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. 70.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in New Tampa in October 2024, up by 11.6% month-over-month. Of the 48 sold homes, 71% were sold under asking, 21% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 60 Days | +106.7% |
Summary: Homes in New Tampa had an average of 60 days on market in Oct 2024, up by 106.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Tampa has remained consistent over time.
Summary: During October 2024, 48 homes were sold in New Tampa; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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