Curious about the latest trends in Tampa’s real estate market? Here’s a detailed, neighborhood-by-neighborhood breakdown of last week’s stats, designed to help you make informed decisions—whether you’re buying, selling, or just keeping an eye on the market.
South Tampa (South of Kennedy, North of Gandy)
· New listings: 47
· Median list price (last 7 days): $435,230
· New pendings: 29
· Homes sold (last 7 days): 20
· Median sale price (last 7 days): $1,000,000
· Average days on market (sold): 75
· Total active listings: 741
Market Insight:
South Tampa continues to attract attention with a high median sale price of $1 million, signaling strong demand for premium properties. While the number of new listings and active inventory remains robust, homes are taking longer to sell, with an average of 75 days on the market. This suggests buyers are being selective, but sellers are still achieving top-dollar sales.
North Tampa
· New listings: 52
· Median list price (last 7 days): $278,330
· New pendings: 39
· Homes sold (last 7 days): 23
· Median sale price (last 7 days): $489,000
· Average days on market (sold): 35
· Total active listings: 460
Market Insight:
North Tampa saw the most new listings this week, reflecting a dynamic and active market. With homes selling in just over a month on average and a median sale price well above the median list price, competition among buyers appears strong. This is a great area for both buyers seeking variety and sellers looking for quick transactions.
The Heights
· New listings: 9
· Median list price (last 7 days): $599,900
· New pendings: 7
· Homes sold (last 7 days): 5
· Median sale price (last 7 days): $585,000
· Average days on market: 59
· Total active listings: 151
Market Insight:
Inventory remains tight in The Heights, with only nine new listings and five sales this week. The median sale price is closely aligned with the list price, indicating a balanced market where homes are generally selling for what sellers expect. The 59-day average on market suggests steady—if not rapid—movement.
Odessa
· New listings: 12
· Median list price (last 7 days): $722,000
· New pendings: 14
· Homes sold (last 7 days): 13
· Median sale price (last 7 days): $725,000
· Average days on market: 37
· Total active listings: 195
Market Insight:
Odessa remains a sought-after area for upscale buyers, with a median sale price just above $725,000 and homes moving in a little over a month. The number of new pendings outpaced new listings, hinting at strong buyer demand and potential for continued upward pressure on prices.
Lutz
· New listings: 25
· Median list price (last 7 days): $510,000
· New pendings: 19
· Homes sold (last 7 days): 22
· Median sale price (last 7 days): $517,450
· Average days on market: 43
· Total active listings: 288
Market Insight:
Lutz is showing healthy activity, with a solid number of new listings and sales. The median sale price slightly exceeds the median list price, which often indicates a competitive market. With homes selling in just over six weeks, both buyers and sellers can expect a steady, balanced pace.
Stay tuned for next week’s update, and don’t hesitate to reach out if you’d like a personalized analysis for your neighborhood or property!
