$5,936 Closing Credit*
$499,900
1,650 SqFt
3 Beds
•2 Full Baths
Justin Ricke, 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 October 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
$672,495
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$148,495(+28.3%)
Key Takeaway
Homes in Tampa Heights have sold for 28.3% more than they did a year ago.
Summary: The median home sold price in Tampa Heights was $672,495 in October 2024, up 28.3% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $291K | $360K | +23.7% |
| 3 Bedrooms | $527K | $655K | +24.3% |
| 4 Bedrooms | $609.7K | $880K | +44.3% |
| 5+ Bedrooms | $540K | $795K | +47.2% |
Summary: Tampa Heights 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 23.7%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 44.3%, and 5+ bedroom homes increased by 47.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Tampa Heights | $524K | $672.4K | +28.3% |
| Ybor Heights | $305K | $313.5K | +2.8% |
| South Seminole Heights | $472.5K | $480K | +1.6% |
| V.M. Ybor | $353K | $300K | -15.0% |
Housing Supply in Tampa Heights, FL
How many homes are available in Tampa Heights, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 59 | +13.5% |
Summary: The Tampa Heights real estate market had 59 homes for sale in October 2024, a 13.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Tampa Heights 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 remained the same, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tampa Heights, 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 Tampa Heights in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 105 Days | +106.9% |
Summary: Homes in Tampa Heights had an average of 105 days on market in Oct 2024, up by 106.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 October 2024, 4 homes were sold in Tampa Heights; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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