Tampa, FL 33606 Real Estate Market Report

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

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Executive Overview

The Tampa (33606) real estate market is currently characterized by a median sold price of $899,950, reflecting a stable environment despite a recent decrease in the specific ZIP code. This price point indicates a shift in market dynamics, as the area has seen a decrease in sold prices recently. The median days on market stands at 379, suggesting a slower sales velocity, which may indicate a cooling market as buyers take more time to make decisions amidst elevated inventory levels.

Inventory conditions have shifted towards a more balanced market, with elevated inventory levels relative to sales activity. This trend is further supported by a median listing price of $1,399,000, which creates a notable pricing gap that may lead to pricing friction as sellers adjust expectations. Overall, the market temperature is currently neutral, indicating a balance between buyer and seller interests, while rental demand remains strong with a median market rent of $2,850.

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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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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 33606 are averaging 6.50%, which is 0.88% higher than the average rate of 5.62% seen in early 2026.

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 $899,950 reflects a stable market, despite recent price adjustments.

2. With a median days on market of 379, the market is experiencing slower sales velocity, suggesting buyers are taking longer to make decisions.

3. The median listing price of $1,399,000 indicates a significant pricing gap compared to sold prices, which may create pricing friction.

4. Inventory levels are elevated relative to sales activity, contributing to a more balanced market environment.

5. Rental demand remains strong with a median market rent of $2,850, indicating ongoing interest in rental properties.

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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.