Tampa, FL 33604 Real Estate Market Report

ZIP Code: 33604
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Tampa, FL (ZIP: 33604) is characterized by a median sold price of $327,350, reflecting a period of stabilization following previous rapid appreciation. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. This decline in sold prices, coupled with a median listing price of $379,900, suggests a notable pricing gap that may lead to adjustments as sellers respond to current market conditions.

Transaction activity appears to be moderate, with median days on market extending to 193 days, which points to slower sales velocity and a potential excess supply relative to sales activity. The overall market temperature is currently classified as neutral, indicating a balanced environment where neither buyers nor sellers hold a distinct advantage. As inventory levels rise, the market is in a rebalancing phase, driven by ongoing job growth and population influx, which supports long-term demand despite current price adjustments.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Tampa market at 6.38% are slightly lower than the recent national average of 6.43% seen in mid-March 2026.

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 $327,350 indicates a significant price adjustment, having decreased 8% since 2022, reflecting softening market conditions.

2. With a median listing price of $379,900, there is a notable pricing gap compared to sold prices, suggesting potential pricing friction as sellers may need to adjust expectations.

3. The median days on market of 193 days points to slower sales velocity, indicating that properties are taking longer to sell in the current market environment.

4. The market temperature is neutral, suggesting a balanced market where inventory levels are elevated relative to sales activity, leading to a more stable pricing environment.

5. The median market rent of $2,123 reflects ongoing demand for rental properties, although the year-over-year trend is down, indicating potential challenges in the rental market.

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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.