Is Port Tampa City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Tampa City is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Port Tampa City was a Seller's Market.

Key Takeaway

Port Tampa City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Port Tampa City, FL

How much do homes in Port Tampa City, FL cost?

Median Sold Price

$643,975

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,475(+6.0%)

Key Takeaway

Homes in Port Tampa City have sold for 6% more than they did a year ago.

Summary: The median home sold price in Port Tampa City was $643,975 in November 2024, up 6% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $297K$314K
+5.7%
3 $410K$420K
+2.4%
4 $643.1K$695K
+8.1%
5+ $711.9K$851.2K
+19.6%

Summary: Port Tampa City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 19.6%.

Median Sold Price Compared To Nearby Neighborhoods

South Tampa
+14.7%
Port Tampa City
+6.0%
Gandy / Sun Bay South
-6.4%

Housing Supply in Port Tampa City, FL

How many homes are available in Port Tampa City, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3035+16.7%

Summary: The Port Tampa City real estate market had 35 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 01
+100.0%
3 2023
+15.0%
4 89
+12.5%
5+ 21
-50.0%

Summary: The Port Tampa City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Tampa City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Port Tampa City in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Port Tampa City, FL

How long does it take to sell a home in Port Tampa City, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days100 Days+355.7%

Summary: Homes in Port Tampa City had an average of 100 days on market in Nov 2024, up by 355.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Port Tampa City are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Port Tampa City; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Port Tampa City, FL

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