Tampa, FL 33604 Real Estate Market Report

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

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Executive Overview

The median sold price in Tampa, FL (ZIP: 33604) stands at $330,499.50, reflecting a market that has experienced a down trend in prices. This shift suggests a potential adjustment phase as buyers gain leverage amid increasing inventory levels. The market appears to be stabilizing, with homes taking longer to sell, evidenced by a median days on market of 162 days. This extended timeframe may indicate a slower sales velocity, impacting overall liquidity in the market.

Current market conditions show elevated inventory levels relative to sales activity, which may lead to pricing friction as sellers adjust expectations. Although some segments remain competitive, the overall market temperature is classified as neutral, suggesting a balanced dynamic between buyers and sellers. High insurance costs continue to pose challenges for affordability, further complicating the landscape for potential homeowners.

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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 Tampa, FL, around 6.000% are slightly below the forecasted 2026 average of 6.3%, indicating property owners locked in a 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 $330,499.50 indicates a market that has seen a down trend in pricing, suggesting potential adjustments in seller expectations.

2. With a median days on market of 162 days, the market is experiencing slower sales velocity, which may impact liquidity and buyer engagement.

3. The median listing price of $418,000 reflects a significant gap compared to the sold price, indicating potential pricing friction as sellers adjust to market realities.

4. Elevated inventory levels relative to sales activity suggest an environment of excess supply, which may pressure prices further in the near term.

5. Current interest rate pressure is classified as elevated, which may affect buyer affordability and overall market activity.

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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.