$5,047 Closing Credit*
$425,000
1,424 SqFt
3 Beds
•2 Full Baths
Danielle Waters, Listing Office: WATERS REAL ESTATE GROUP
Is West Tampa, 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, West Tampa was a Neutral Market.
Key Takeaway
West Tampa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Tampa, FL
How much do homes in West Tampa, FL cost?
Median Sold Price
$456,200
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,866(+3.4%)
Key Takeaway
Homes in West Tampa have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in West Tampa was $456,200 in November 2024, up 3.4% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $225K | -4.3% |
| 2 Bedrooms | $320K | $305K | -4.7% |
| 3 Bedrooms | $449.4K | $453.5K | +0.9% |
| 4 Bedrooms | $699.4K | $667.9K | -4.5% |
| 5+ Bedrooms | $1.0M | $915K | -9.7% |
Summary: West Tampa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Neighborhoods
| MacFarlane Park | $420K | $449K | +6.9% |
| West Tampa | $441.3K | $456.2K | +3.4% |
Housing Supply in West Tampa, FL
How many homes are available in West Tampa, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 242 | 274 | +13.2% |
Summary: The West Tampa real estate market had 274 homes for sale in November 2024, a 13.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 16 | +6.7% |
| 2 Bedrooms | 46 | 50 | +8.7% |
| 3 Bedrooms | 109 | 135 | +23.9% |
| 4 Bedrooms | 59 | 64 | +8.5% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The West Tampa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Tampa, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in West Tampa in November 2024, up by 3.3% month-over-month. Of the 31 sold homes, 65% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for West Tampa, FL
How long does it take to sell a home in West Tampa, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 56 Days | +17.9% |
Summary: Homes in West Tampa had an average of 56 days on market in Nov 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Tampa are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in West Tampa; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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