$215,000
0.24 Acres
Land
Stacie Blackshear, Listing Office: SOUTHERN HOMES & REAL ESTATE
Is 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, Tampa was a Seller's Market.
Key Takeaway
Tampa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tampa, FL
How much do homes in Tampa, FL cost?
Median Sold Price
$424,933
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,653(+4.3%)
Key Takeaway
Homes in Tampa have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Tampa was $424,933 in November 2024, up 4.3% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211K | $200K | -5.2% |
| 2 Bedrooms | $284.9K | $284.7K | 0% |
| 3 Bedrooms | $390.8K | $408.3K | +4.5% |
| 4 Bedrooms | $577.4K | $579K | 0.3% |
| 5+ Bedrooms | $905K | $904.6K | 0% |
Summary: Tampa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Temple Terrace | $320K | $355.5K | +11.1% |
| Thonotosassa | $375K | $403K | +7.5% |
| Lutz | $479.4K | $502.7K | +4.8% |
| Tampa | $407.2K | $424.9K | +4.3% |
| Palm River-Gibsonton | $330K | $331.7K | 0.5% |
Housing Supply in Tampa, FL
How many homes are available in Tampa, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,668 | 3,835 | +4.6% |
Summary: The Tampa real estate market had 3,835 homes for sale in November 2024, a 4.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 205 | 220 | +7.3% |
| 2 Bedrooms | 750 | 815 | +8.7% |
| 3 Bedrooms | 1,543 | 1,614 | +4.6% |
| 4 Bedrooms | 818 | 837 | +2.3% |
| 5+ Bedrooms | 352 | 349 | -0.9% |
Summary: The Tampa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 0.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 595 | 488 | -18.0% |
Asking Price vs. Sold Price
298 Homes Were Sold
Under Asking
112 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tampa, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 488 homes were sold or pending in Tampa in November 2024, down by 18.0% month-over-month. Of the 488 sold homes, 61% were sold under asking, 23% were sold at asking, and 16% were sold over asking.
Days on Market for Tampa, FL
How long does it take to sell a home in Tampa, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 51 Days | +47.3% |
Summary: Homes in Tampa had an average of 51 days on market in Nov 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
245 Homes Were Sold
Under 30 Days
141 Homes Were Sold
In 30 - 90 Days
102 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tampa are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 488 homes were sold in Tampa; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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