Tampa, FL
Housing Market
Tampa's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Tampa's supply and demand trends. Our report equips you with the information you need to make well-informed decisions.
Verified Data
Updated Monthly
Fast Insights
Real-time Analytics
Last updated
Overview
Supply
Demand
Buy or SellTampa Housing Market Overview
The real estate trends in Tampa indicate a relatively less competitive market in recent months. The median home price in Tampa, FL has increased by 5.4% YoY and reached $450,000 in February 2025. Properties typically stay on the market for 54 days before they go under contract. Additionally, home sales in Tampa hit 427 properties this February, which marks a slow 1.4% YoY increase.
The housing market in Tampa is a mix of luxury high-rise condos, single-family homes, and historic properties, with options across budgets and lifestyles. Over the years, the city has experienced steady property value appreciation due to population growth, favorable tax conditions, and strong rental yields. Tampa’s real estate market remains a key driver of Florida's economy. The largest city in the Tampa Bay area and a major business center, it attracts both domestic and international buyers. Sellers can capitalize by offering concessions to attract serious buyers.
The housing market in Tampa is a mix of luxury high-rise condos, single-family homes, and historic properties, with options across budgets and lifestyles. Over the years, the city has experienced steady property value appreciation due to population growth, favorable tax conditions, and strong rental yields. Tampa’s real estate market remains a key driver of Florida's economy. The largest city in the Tampa Bay area and a major business center, it attracts both domestic and international buyers. Sellers can capitalize by offering concessions to attract serious buyers.
Median Sale Price
$
0% year-over-year
All Home Types 
1 year
3 year
5 year
Tampa
Tampa Housing Supply
Tampa is an attractive market for real estate investors due to its high demand and affordable housing, with condos available under $300K. The city offers beautiful beaches, rich culinary experiences, and robust job opportunities. The available homes for sale in Tampa increased to 1,929 properties—a nearly 32% YoY rise. This uptick also includes 715 new listings. The increase in Tampa’s housing inventory creates negotiation leverage for buyers. The Tampa housing supply currently stands at nearly 6 months city-wide, which indicates low demand.
Tampa offers an appealing lifestyle at a lower cost of living than the national average. It’s a popular place for families, with great schools, and a mix of urban convenience and warm weather. Tampa’s cost of living is 3% lower than the national and 2% lower than the state average. If you plan to buy a home in Tampa right now, you will get low competition in most neighborhoods. Moreover, the cost of housing in Tampa is 3% lower than the national. Popular areas like Channel District with waterfront condos, and Seminole Heights with strong infrastructure, are among the best areas in Tampa, FL to buy a home. However, you will have to pay HOA fees for common areas in apartments and condos. As a buyer, take the time to thoroughly inspect potential properties before committing. You can also request seller concessions or wait till the prices subside a bit.
Tampa offers an appealing lifestyle at a lower cost of living than the national average. It’s a popular place for families, with great schools, and a mix of urban convenience and warm weather. Tampa’s cost of living is 3% lower than the national and 2% lower than the state average. If you plan to buy a home in Tampa right now, you will get low competition in most neighborhoods. Moreover, the cost of housing in Tampa is 3% lower than the national. Popular areas like Channel District with waterfront condos, and Seminole Heights with strong infrastructure, are among the best areas in Tampa, FL to buy a home. However, you will have to pay HOA fees for common areas in apartments and condos. As a buyer, take the time to thoroughly inspect potential properties before committing. You can also request seller concessions or wait till the prices subside a bit.
# of Homes for Sale
0% year-over-year
All Home Types
1 year
3 year
5 year
Tampa
Tampa Housing Demand
Tampa’s real estate market has shown decreased competition recently. Only 12.6% of homes sold above the list price, while over 32% of homes saw price drops. This represents significant pricing flexibility with sellers. Moreover, the sale-to-list price ratio has dropped to 96.6%. This means that sellers typically get 4% less than their asking price. Under these circumstances, the sale-to-list price ratio and strategic pricing decide who will have better negotiation power in the market.
As home sellers, if you initially price your houses in Tampa accurately, you can avoid the need for price reductions. Also, consider offering concessions to buyers if you want to sell the home quickly. You can list your home on the Florida MLS to reach more buyers. If the sale-to-list price ratio is around 100% and demand is high, expect to get multiple offers from buyers. If you plan to buy a home in Tampa, FL, focus on houses with extended listing periods. You can also consider homes with previous price reductions, so you have more room for negotiation.
As home sellers, if you initially price your houses in Tampa accurately, you can avoid the need for price reductions. Also, consider offering concessions to buyers if you want to sell the home quickly. You can list your home on the Florida MLS to reach more buyers. If the sale-to-list price ratio is around 100% and demand is high, expect to get multiple offers from buyers. If you plan to buy a home in Tampa, FL, focus on houses with extended listing periods. You can also consider homes with previous price reductions, so you have more room for negotiation.
Homes Sold Above List Price
%0% year-over-year
All Home Types
1 year
3 year
5 year
Tampa
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Tampa Housing Market: When to Buy or Sell?
Tampa’s housing market has historically cycled between buyer-friendly and seller-friendly conditions. The Tampa real estate market is less competitive than the Florida housing market and can favor buyers and sellers according to seasonal trends. When competition is low with increased inventory, buyers have more negotiation opportunities. Contrarily, sellers can benefit from higher prices and quicker sales when demand outpaces supply.
Moreover, if the months of Tampa’s housing supply rise above the balanced conditions of the US real estate market (5 to 6 months), it can give buyers more time to consider their options. On the other hand, sellers receive multiple offers on their Tampa homes when the months of supply are between 1-3 months. Understanding these market forces can help you time your purchase or sale strategically.
From Hot Trends to Hidden Gems—All in Your Pocket!
The Houzeo app brings the entire real estate journey to your fingertips. Browse, list, and close—anytime, anywhere.
Download the Houzeo Mobile App Now!
Check the Real Estate Trends in Your State
- Alabama Housing Market
- Alaska Housing Market
- Arizona Housing Market
- Arkansas Housing Market
- California Housing Market
- Colorado Housing Market
- Connecticut Housing Market
- Delaware Housing Market
- Florida Housing Market
- Georgia Housing Market
- Hawaii Housing Market
- Idaho Housing Market
- Illinois Housing Market
- Indiana Housing Market
- Iowa Housing Market
- Kansas Housing Market
- Kentucky Housing Market
- Louisiana Housing Market
- Maine Housing Market
- Maryland Housing Market
- Massachusetts Housing Market
- Michigan Housing Market
- Minnesota Housing Market
- Mississippi Housing Market
Show more
Search by Top Cities in Florida
- Miami Housing Market
- Orlando Housing Market
- Naples Housing Market
- Cape Coral Housing Market
- Tampa Housing Market
- Jacksonville Housing Market
- Port St. Lucie Housing Market
- Sarasota Housing Market
- St Augustine Housing Market
- Fort Myers Housing Market
- Fort Lauderdale Housing Market
- Key West Housing Market
- The Villages Housing Market
- Boca Raton Housing Market
- Ocala Housing Market
- St Petersburg Housing Market
Frequently Asked Questions
How has the average home price in Tampa changed over the past year?
The average house price in Tampa has continued to rise over the past years at an average growth rate from 3% to 12%, with multiple regions seeing double-digit percentage growth. You can check your home’s fair market value with our free home value estimator and compare it with nearby properties.
What is the Tampa housing market forecast for 2025?
House prices in Tampa will drop in 2025. Statewide, prices rose only 0.8% YoY in January, signaling slowed growth. Demand has fallen across the Florida housing market , which allows buyers to negotiate better deals. However, affordability can be a challenge due to high home prices and rising mortgage rates.
Is this a good time to buy a home in Tampa, FL?
Check Tampa real estate market trends regarding housing prices and inventory. It will help you understand whether it’s a buyer’s or seller’s market. Sellers can benefit from high demand and rising prices. However, if the mortgage rates are stable, demand is low, and housing inventory is plentiful, it’s the best time to buy a house in Tampa.
What’s the average home price in Tampa?
The price of real estate in Tampa, Florida depends on factors like home type, size, and local market conditions. Condo prices typically start around $285,000, while single-family homes average $489,900.
Where can I check Tampa's housing market trends?
The housing demand as well as the competition is low in the housing market in Tampa, Florida. Properties tend to stay longer than the average on the market. If you want to buy a house in Tampa, you can check housing market trends and decide on the right time to invest.
When will the Tampa housing market crash?
As per housing market forecasts, it's very unlikely that the market will crash. Home prices and demand may increase during the summer. It will remain steady with sustained growth projected through 2025. You can also invest in properties in places like Channel District and Seminole Heights.
How to buy a home in Tampa?
The steps to purchasing a house in Tampa must start with a clear budget and mortgage pre-approval. Buyers should then search for homes for sale in Tampa, submit offers, secure loans, and complete the closing process.
How can I list my home for sale in Tampa, FL?
You can list your home for sale with a Flat Fee MLS Florida listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average cost of living in Tampa?
The cost of living in Tampa, Florida is 2% lower than the state and 3% lower than the national average. Moreover, housing costs are 3% lower than the national average. The typical single-family home in Tampa costs $489K with regional price variations. You can check your local region’s cost of living using our free cost of living calculator in Tampa.
Where can I buy cheap houses in Tampa in the current housing market?
You can easily find cheap houses for sale in Tampa, FL within your budget. There are 800+ properties within the $150K to $350K price range across the city’s neighborhoods.
Important Legal Disclosures