$7,718 Closing Credit*
$649,900
1,489 SqFt
3 Beds
•2 Full Baths
Leslie Sibbitt, Listing Office: COMPASS FLORIDA, LLC
Is Tampa Heights, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Tampa Heights has remained a Buyer's Market.
Key Takeaway
Tampa Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tampa Heights, FL
How much do homes in Tampa Heights, FL cost?
Median Sold Price
$710,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$183,000(+34.7%)
Key Takeaway
Homes in Tampa Heights have sold for 34.7% more than they did a year ago.
Summary: The median home sold price in Tampa Heights was $710,000 in November 2024, up 34.7% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $295K | $355K | +20.3% |
| 3 Bedrooms | $576.2K | $731.5K | +26.9% |
| 4 Bedrooms | $633.3K | $880K | +38.9% |
| 5+ Bedrooms | $619.9K | $795K | +28.2% |
Summary: Tampa Heights 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 20.3%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Tampa Heights | $527K | $710K | +34.7% |
| Ybor Heights | $305K | $309K | +1.3% |
| South Seminole Heights | $477.5K | $468.5K | -1.9% |
| V.M. Ybor | $350K | $300K | -14.3% |
Housing Supply in Tampa Heights, FL
How many homes are available in Tampa Heights, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 67 | +17.5% |
Summary: The Tampa Heights real estate market had 67 homes for sale in November 2024, a 17.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Tampa Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tampa Heights, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Tampa Heights in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 14% were sold at asking, and 86% were sold over asking.
Days on Market for Tampa Heights, FL
How long does it take to sell a home in Tampa Heights, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 100 Days | 86 Days | -14.3% |
Summary: Homes in Tampa Heights had an average of 86 days on market in Nov 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Tampa Heights are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 7 homes were sold in Tampa Heights; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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