Tampa, FL 33604 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Key Findings

1. The neighborhood's primary market indicator, the median sold price, is 323,000, which represents the most reliable snapshot of recent transaction value and should be used as the anchor for valuation and underwriting decisions; up price momentum supports maintaining or testing firm offers on well-priced listings.
2. The 392,450 median listing price versus the 323,000 median sold price suggests noticeable pricing friction and seller expectation gaps that may require concessions or price adjustments to achieve sale; this dynamic appears to be contributing to more cautious buyer negotiation behavior.
3. The relatively long median days on market of 237 points to slower sales velocity and suggests balanced liquidity conditions rather than a hot market — pricing and marketing strategies should emphasize realistic time-to-contract assumptions and stronger staging/photography to shorten time on market.
4. Rental signals are mixed for investors: the median market rent of 1,685 and a rent year-over-year trend of down reduce near-term income upside, while the price year-over-year trend is up and market temperature is neutral; elevated interest rate pressure (elevated) further increases financing cost sensitivity and supports more conservative return hurdles.

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.