Tampa, FL 33606 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

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.

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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. Median sold price: $608,500 — The median sold price is the primary indicator of recent market value and points to a market that is stabilizing but showing downward pressure; price trends are down year‑over‑year, which suggests sellers should price to recent comparable sales rather than aspirational asking levels.
2. Median days on market: 384 — Extended time on market indicates slower sales velocity and increased pricing friction; this pace may require sellers to be more responsive on price or terms and gives buyers greater negotiation leverage.
3. Median listing price: $1,497,500 vs median sold price: $608,500 — The wide gap between median listing price and median sold price suggests a significant divergence between seller expectations and transaction outcomes; this creates opportunities for buyer negotiations and potential downward price adjustments.
4. Median price per square foot: $487 and median market rent: $2,249 — High per‑square‑foot sold values alongside leveled or slightly declining rents (rent year‑over‑year trend: down) indicate that buy‑hold rental economics may be under pressure; investors should underwrite using current market rent and cautious rent growth assumptions.
5. Interest rate context: current 30‑year fixed at 6.46% vs 5.99% earlier in 2026 (property rate comparison) — With elevated interest rate pressure and rates at 6.46%, financing costs are higher than recent origination averages, which may suppress buyer demand and support a more balanced to buyer‑leaning market; elevated interest rate pressure.

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.