$10,000 Closing Credit*
$860,000
3,744 SqFt
4 Beds
•2 Full Baths, 1 Partial
Robert Combes, II, Listing Office: UNIVERSITY REALTY OF TAMPA
Is Tampa Palms, 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 Palms has remained a Seller's Market.
Key Takeaway
Tampa Palms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tampa Palms, FL
How much do homes in Tampa Palms, FL cost?
Median Sold Price
$475,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$75,000(+18.8%)
Key Takeaway
Homes in Tampa Palms have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Tampa Palms was $475,000 in November 2024, up 18.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176K | $167K | -5.1% |
| 2 Bedrooms | $234K | $230K | -1.7% |
| 3 Bedrooms | $397K | $425K | +7.1% |
| 4 Bedrooms | $645K | $680K | +5.4% |
| 5+ Bedrooms | $780K | $775K | -0.6% |
Summary: Tampa Palms housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Tampa Palms | $400K | $475K | +18.8% |
| New Tampa | $484.9K | $502.5K | +3.6% |
| Richmond Place | $241K | $238K | -1.2% |
Housing Supply in Tampa Palms, FL
How many homes are available in Tampa Palms, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 65 | -5.8% |
Summary: The Tampa Palms real estate market had 65 homes for sale in November 2024, a 5.8% decrease 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 | 20 | 18 | -10.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Tampa Palms 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 decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tampa Palms, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Tampa Palms in November 2024, down by 7.7% month-over-month. Of the 12 sold homes, 92% were sold under asking, 8% were sold at asking, and 0% were sold over asking.
Days on Market for Tampa Palms, FL
How long does it take to sell a home in Tampa Palms, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 77 Days | +116.7% |
Summary: Homes in Tampa Palms had an average of 77 days on market in Nov 2024, up by 116.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tampa Palms are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Tampa Palms; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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