Tampa, FL 33605 Real Estate Market Report

ZIP Code: 33605
Report Date: April 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: 33605) is $299,900, reflecting a stable market despite some localized fluctuations. The neighborhood has increased up since 2023, indicating a resilient demand amidst a backdrop of modest appreciation. The market appears to be experiencing slower sales velocity, with homes taking an average of 342 days on the market, suggesting potential pricing friction as buyers navigate elevated inventory levels.

Current market conditions show a median listing price of $342,500, which presents a notable gap compared to the median sold price, indicating that sellers may need to adjust expectations to align with buyer sentiment. The market temperature is classified as neutral, suggesting a balanced environment where supply and demand are relatively aligned, though the rental market is showing signs of softening with a median market rent of $2,123 and a declining trend in rental prices.

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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 is $299,900, indicating stable market conditions despite some localized price fluctuations.

2. Homes are taking an average of 342 days on market, reflecting slower sales velocity and potential pricing friction.

3. The median listing price of $342,500 suggests a gap between seller expectations and buyer willingness, which may require adjustments.

4. The market temperature is neutral, indicating a balanced environment where supply and demand are relatively aligned.

5. The median market rent is $2,123, with a down trend in rental prices, suggesting a softening 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.