$6,531 Closing Credit*
$549,999
2,450 SqFt
5 Beds
•3 Full Baths
Phavie Eberhardt, Listing Office: QUICKSILVER REAL ESTATE GROUP
Is New Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$502,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,521(+3.6%)
Key Takeaway
Homes in New Tampa have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in New Tampa was $502,500 in November 2024, up 3.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | $165K | -4.6% |
| 2 Bedrooms | $233K | $231.5K | -0.6% |
| 3 Bedrooms | $385K | $396K | +2.9% |
| 4 Bedrooms | $590K | $596K | +1.0% |
| 5+ Bedrooms | $678.5K | $715K | +5.4% |
Summary: New Tampa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Pebble Creek Village | $415K | $439.9K | +6.0% |
| New Tampa | $484.9K | $502.5K | +3.6% |
| Hunter's Green | $557K | $562.5K | +1.0% |
| Richmond Place | $241K | $238K | -1.2% |
Housing Supply in New Tampa, FL
How many homes are available in New Tampa, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 346 | 339 | -2.0% |
Summary: The New Tampa real estate market had 339 homes for sale in November 2024, a 2.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 61 | 62 | +1.6% |
| 3 Bedrooms | 100 | 106 | +6.0% |
| 4 Bedrooms | 111 | 94 | -15.3% |
| 5+ Bedrooms | 62 | 64 | +3.2% |
Summary: The New Tampa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 39 | -27.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Tampa, you may be able to get a good deal. 74.4% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in New Tampa in November 2024, down by 27.8% month-over-month. Of the 39 sold homes, 74% were sold under asking, 23% were sold at asking, and 3% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 64 Days | +84.1% |
Summary: Homes in New Tampa had an average of 64 days on market in Nov 2024, up by 84.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
11 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 November 2024, 39 homes were sold in New Tampa; 46% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 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.