Tampa, FL 33604 Real Estate Market Report

ZIP Code: 33604
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 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 primary indicator of market value and recent transaction activity is the median sold price, 356,000, which reflects representative recent sale pricing and aligns with the price year-over-year trend being up.

2. The median listing price at 399,000 sits above the median sold price and may indicate pricing friction or seller optimism versus transaction reality; with the market temperature described as neutral, this suggests the market appears balanced rather than strongly one-sided.

3. Liquidity shows slower velocity: the median days on market is 212, which points to extended time-to-sale and suggests pricing friction even as there is elevated inventory relative to sales activity in the sample.

4. Income-side and unit-value metrics provide contextual support: the median market rent is 1,695 and the median price per square foot is 271; combined with rent year-over-year trend being up, these signals may help underpin pricing stability despite moderate interest rate pressure.

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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.

Tampa, FL 33604 Real Estate Market Report

ZIP Code: 33604
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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 primary indicator of market value is the median sold price, which should be treated as the representative recent sale benchmark for pricing and underwriting decisions; current data shows year‑over‑year pricing direction is up (up), supporting modest appreciation narratives.

2. Liquidity appears stretched: the median days on market: 705 points to slower sales velocity and suggests sellers may need extended marketing windows or price concessions to achieve transactions.

3. The sample indicates a market temperature: neutral, which combined with relatively constrained active supply in the analyzed sample suggests a move toward a more balanced market rather than a pronounced seller or buyer advantage (neutral).

4. Pricing and rental context: the median price per square foot: 123 alongside a median market rent: 1,400 and a rent year‑over‑year trend that is up supports steady demand for rental accommodation; given interest rate pressure: moderate, underwriters should stress‑test cashflow assumptions and factor in moderate financing headwinds (rent growth).

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Notable Properties

The following 5 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.