Tampa, FL 33603 Real Estate Market Report

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

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Executive Overview

As of April 2026, the real estate market in Tampa, FL (ZIP: 33603) reflects a median sold price of $384,750, indicating a shift in market dynamics with a down trend in pricing. The neighborhood has decreased 8% since 2022, suggesting a cooling market where buyers may have more negotiation power. The median listing price stands at $465,000, which highlights a notable gap between seller expectations and actual transaction values, potentially leading to pricing friction in negotiations.

Market velocity appears to be slowing, as evidenced by a median days on market of 272. This extended timeframe suggests that properties are taking longer to sell, contributing to elevated inventory levels. The overall market temperature is currently neutral, indicating a balance between supply and demand, but with signs of softening due to increased inventory and longer selling times. Rental demand remains robust, although the median market rent is also experiencing a down trend, which may affect overall investment attractiveness in the area.

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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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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 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.

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Key Findings

1. The median sold price of $384,750 indicates a significant gap from the median listing price of $465,000, suggesting potential pricing friction.

2. With a median days on market of 272, properties are experiencing slower sales velocity, indicating a shift towards a more balanced market.

3. The market temperature is currently neutral, reflecting a balance between supply and demand, but with signs of softening due to elevated inventory levels.

4. The median market rent is $2,123, which has also seen a down trend, suggesting a cooling rental market despite ongoing demand.

5. The 8% decrease since 2022 in sold prices indicates a potential adjustment period for sellers as the market stabilizes.

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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.