Tampa, FL 33603 Real Estate Market Report

ZIP Code: 33603
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Tampa, FL (ZIP: 33603) is characterized by a median sold price of $411,000, reflecting a market that has decreased 8% since 2022. This decline suggests a shift in buyer sentiment and market dynamics, as the area undergoes a normalization phase following previous rapid appreciation. The median listing price stands at $482,000, indicating a notable gap between seller expectations and actual transaction values, which may contribute to slower sales activity.

The market is experiencing elevated inventory levels, with a median days on market of 190, indicating a slower sales velocity. This prolonged time frame for properties on the market suggests that buyers are exercising caution, leading to a more balanced market environment. Despite the median market rent being $2,123, affordability remains a challenge, compounded by moderate interest rate pressure, which may further influence buyer behavior and market liquidity.

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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

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Tampa, FL, around 5.999% are slightly lower than the recent 2026 average of 6.07%, indicating property owners locked in a marginally favorable rate.

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 $411,000 indicates a market that has decreased by 8% since 2022, reflecting shifting buyer sentiment.

2. With a median days on market of 190, properties are experiencing slower sales velocity, suggesting buyers are taking more time to make decisions.

3. The median listing price of $482,000 shows a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. Elevated inventory levels relative to sales activity suggest an excess supply that may pressure prices further.

5. The market temperature is currently neutral, indicating balanced conditions despite the challenges in affordability.

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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.