$6,947 Closing Credit*
$585,000
1,648 SqFt
3 Beds
•2 Full Baths
JAY Caballer, Listing Office: HOMETRUST REALTY GROUP
Is 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, Tampa was a Seller's Market.
Key Takeaway
Tampa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Tampa, FL
How much do homes in Tampa, FL cost?
Median Sold Price
$424,741
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,530(+3.8%)
Key Takeaway
Homes in Tampa have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Tampa was $424,741 in October 2024, up 3.8% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.9K | $204K | -5.1% |
| 2 Bedrooms | $286.4K | $284.6K | -0.6% |
| 3 Bedrooms | $394.9K | $406K | +2.8% |
| 4 Bedrooms | $576.9K | $579.5K | 0.4% |
| 5+ Bedrooms | $890.4K | $903.4K | +1.5% |
Summary: Tampa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Temple Terrace | $320K | $360.8K | +12.8% |
| Lutz | $479.4K | $500K | +4.3% |
| Tampa | $409.2K | $424.7K | +3.8% |
| Thonotosassa | $382.5K | $385K | +0.7% |
| Palm River-Gibsonton | $330K | $330.2K | 0.1% |
Housing Supply in Tampa, FL
How many homes are available in Tampa, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3,731 | 3,708 | -0.6% |
Summary: The Tampa real estate market had 3,708 homes for sale in October 2024, a 0.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 208 | 220 | +5.8% |
| 2 Bedrooms | 742 | 763 | +2.8% |
| 3 Bedrooms | 1,578 | 1,545 | -2.1% |
| 4 Bedrooms | 823 | 809 | -1.7% |
| 5+ Bedrooms | 380 | 371 | -2.4% |
Summary: The Tampa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 569 | 545 | -4.2% |
Asking Price vs. Sold Price
349 Homes Were Sold
Under Asking
116 Homes Were Sold
At Asking
80 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tampa, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 545 homes were sold or pending in Tampa in October 2024, down by 4.2% month-over-month. Of the 545 sold homes, 64% were sold under asking, 21% were sold at asking, and 15% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 53 Days | +83.2% |
Summary: Homes in Tampa had an average of 53 days on market in Oct 2024, up by 83.2% compared to last year.
Breakdown of Home Sale Times
264 Homes Were Sold
Under 30 Days
173 Homes Were Sold
In 30 - 90 Days
108 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 October 2024, 545 homes were sold in Tampa; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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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.