$5,047 Closing Credit*
$425,000
1,215 SqFt
3 Beds
•2 Full Baths
Alfredo Rodriguez Fonseca, Listing Office: LPT REALTY
Is West Tampa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, West Tampa was a Seller's 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
$454,250
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,100(+3.9%)
Key Takeaway
Homes in West Tampa have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in West Tampa was $454,250 in October 2024, up 3.9% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | $224.9K | -7.1% |
| 2 Bedrooms | $320K | $305K | -4.7% |
| 3 Bedrooms | $444.6K | $459K | +3.2% |
| 4 Bedrooms | $707.2K | $650K | -8.1% |
| 5+ Bedrooms | $991K | $934K | -5.8% |
Summary: West Tampa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
| MacFarlane Park | $415K | $449K | +8.2% |
| West Tampa | $437.1K | $454.2K | +3.9% |
Housing Supply in West Tampa, FL
How many homes are available in West Tampa, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 227 | 249 | +9.7% |
Summary: The West Tampa real estate market had 249 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 40 | 47 | +17.5% |
| 3 Bedrooms | 102 | 114 | +11.8% |
| 4 Bedrooms | 56 | 59 | +5.4% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The West Tampa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 29 | +26.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 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. 62.1% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in West Tampa in October 2024, up by 26.1% month-over-month. Of the 29 sold homes, 62% were sold under asking, 17% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 51 Days | +66.8% |
Summary: Homes in West Tampa had an average of 51 days on market in Oct 2024, up by 66.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 29 homes were sold in West Tampa; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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