$5,641 Closing Credit*
$475,000
1,454 SqFt
3 Beds
•2 Full Baths
Tia Hockensmith, Listing Office: SMITH & ASSOCIATES REAL ESTATE
Is Tarpon Springs, 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, Tarpon Springs was a Neutral Market.
Key Takeaway
Tarpon Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tarpon Springs, FL
How much do homes in Tarpon Springs, FL cost?
Median Sold Price
$447,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,115(+4.5%)
Key Takeaway
Homes in Tarpon Springs have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Tarpon Springs was $447,000 in November 2024, up 4.5% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $157K | +8.3% |
| 2 Bedrooms | $266.2K | $250K | -6.1% |
| 3 Bedrooms | $459.5K | $450K | -2.1% |
| 4 Bedrooms | $628.8K | $640K | +1.8% |
| 5+ Bedrooms | $1.1M | $1.0M | -6.1% |
Summary: Tarpon Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Palm Harbor | $410K | $439.2K | +7.1% |
| Tarpon Springs | $427.8K | $447K | +4.5% |
Housing Supply in Tarpon Springs, FL
How many homes are available in Tarpon Springs, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 323 | 348 | +7.7% |
Summary: The Tarpon Springs real estate market had 348 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 99 | 108 | +9.1% |
| 3 Bedrooms | 114 | 125 | +9.6% |
| 4 Bedrooms | 79 | 76 | -3.8% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Tarpon Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 37 | -11.9% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tarpon Springs, you may be able to get a good deal. 83.8% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Tarpon Springs in November 2024, down by 11.9% month-over-month. Of the 37 sold homes, 84% were sold under asking, 11% were sold at asking, and 5% were sold over asking.
Days on Market for Tarpon Springs, FL
How long does it take to sell a home in Tarpon Springs, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 63 Days | +85.4% |
Summary: Homes in Tarpon Springs had an average of 63 days on market in Nov 2024, up by 85.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tarpon Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in Tarpon Springs; 46% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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