Clearwater, FL 33761 Real Estate Market Report

ZIP Code: 33761
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Clearwater, FL (ZIP: 33761) real estate market is currently characterized by a median sold price of $595,000, reflecting a significant shift as the market has experienced a cooling trend. The neighborhood has decreased 8% since 2022, indicating a downward trajectory in property values. This decline in sold prices is coupled with a median days on market of 286, suggesting that homes are taking considerably longer to sell, which may indicate a shift towards a more cautious buyer sentiment amidst elevated interest rates.

Inventory conditions reveal elevated levels of supply relative to sales activity, as the market is facing excess supply. This is further compounded by elevated interest rate pressure, which has made affordability a persistent challenge for potential buyers. While local economic indicators remain neutral to slightly positive, the overall market temperature is classified as cold, reflecting the current dynamics of slower transaction volume and declining price trends.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Clearwater, FL are averaging 6.38%, which is 0.88% higher than the 2026 average of 5.50%.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $595,000 indicates a significant price adjustment in the market, reflecting a down trend.

2. Homes are experiencing a median days on market of 286, suggesting a slower sales velocity compared to previous periods.

3. The market temperature is classified as cold, indicating weak demand relative to the available inventory.

4. With a median listing price of $732,500, there is a notable pricing gap that may create pricing friction for sellers.

5. The median market rent stands at $2,650, which has also shown a down trend year-over-year, reflecting broader affordability challenges.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.