Tampa, FL 33607 Real Estate Market Report

ZIP Code: 33607
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the real estate market in Tampa, FL (ZIP: 33607) reflects a median sold price of $410,000, indicating a stable market environment. The neighborhood has decreased 8% since 2022, suggesting a shift in buyer sentiment and market dynamics. The median listing price stands at $475,000, which creates a notable pricing gap that may indicate seller expectations are not fully aligned with current market realities.

Transaction activity appears moderate, with median days on market reaching 193, signaling slower sales velocity. Elevated inventory levels are evident, as the market adjusts from previous periods of strong appreciation. This excess supply relative to sales activity allows buyers to exert more negotiating power, although affordability remains a concern due to high insurance costs and tightening financing conditions.

---

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

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.

---

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

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, around 6.00% to 6.28% are significantly lower than the 6.87% average seen one year ago, indicating a favorable refinancing window for property owners.

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

---

Key Findings

1. The median sold price of $410,000 reflects a market that has decreased 8% since 2022, indicating potential pricing adjustments.

2. With a median listing price of $475,000, there is a significant gap between asking and sold prices, suggesting pricing friction in the market.

3. The median days on market of 193 points to slower sales velocity, which may affect liquidity and buyer urgency.

4. Elevated inventory levels suggest an excess supply relative to sales activity, providing buyers with greater negotiating power.

5. The market temperature is currently neutral, indicating a balanced environment where neither buyers nor sellers dominate.

---

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.