Tampa, FL 33606 Real Estate Market Report

ZIP Code: 33606
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Tampa, FL (ZIP: 33606) market is currently characterized by a median sold price of $995,000, reflecting a significant adjustment as the neighborhood has decreased 8% since 2022. This decline in sold prices indicates a shift in market dynamics, where elevated inventory levels are allowing buyers to exert more negotiation power. Despite the current challenges, including elevated interest rates and high insurance costs, the market remains active, supported by ongoing net migration that sustains demand.

Transaction activity appears moderate, with median days on market reaching 280, suggesting slower sales velocity. The median listing price stands at $1,474,950, which indicates a notable gap between seller expectations and actual market performance. This disparity may create pricing friction as buyers navigate the current landscape, potentially leading to further adjustments in listing strategies as the market continues to rebalance.

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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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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, are around 5.999% to 6.28%, which is comparable to or slightly lower than the average 2026 origination rates of 6.07% to 6.40% seen recently.

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 $995,000 indicates a significant adjustment in market value, reflecting a decrease of 8% since 2022.

2. With median days on market at 280, the market is experiencing slower sales velocity, suggesting a need for sellers to adjust expectations.

3. The median listing price of $1,474,950 shows a notable gap compared to sold prices, indicating potential pricing friction for sellers.

4. Market temperature remains neutral, suggesting balanced conditions despite elevated inventory levels and slower transaction volume.

5. Elevated interest rate pressure continues to challenge affordability, impacting buyer sentiment and overall market dynamics.

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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.