$250,000
0.11 Acres
Land
Me'shay Holiday, Listing Office: FUTURE HOME REALTY INC
Is Old West 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, Old West Tampa was a Neutral Market.
Key Takeaway
Old West Tampa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old West Tampa, FL
How much do homes in Old West Tampa, FL cost?
Median Sold Price
$397,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+9.4%)
Key Takeaway
Homes in Old West Tampa have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Old West Tampa was $397,000 in October 2024, up 9.4% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $265K | +51.4% |
| 3 Bedrooms | $355K | $395K | +11.3% |
| 4 Bedrooms | $510K | $502.5K | -1.5% |
| 5+ Bedrooms | $380K | $695.5K | +83.0% |
Summary: Old West Tampa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 83%.
Median Sold Price Compared To Nearby Neighborhoods
| Old West Tampa | $363K | $397K | +9.4% |
| West Tampa | $437.1K | $454.2K | +3.9% |
Housing Supply in Old West Tampa, FL
How many homes are available in Old West Tampa, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Summary: The Old West Tampa real estate market had 31 homes for sale in October 2024, a 19.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Old West Tampa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old West Tampa, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Old West Tampa in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Old West Tampa, FL
How long does it take to sell a home in Old West Tampa, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 84 Days | +151.5% |
Summary: Homes in Old West Tampa had an average of 84 days on market in Oct 2024, up by 151.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old West Tampa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Old West Tampa; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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