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

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Executive Overview

As of February 2026, the real estate market in Tampa, FL (ZIP: 33607) reflects a median sold price of $403,000, indicating a stable market environment. The neighborhood has seen a flat price trend, suggesting that while values are holding steady, there is no significant upward momentum. This stability in sold prices, combined with a median listing price of $477,500, highlights a notable pricing gap that may create friction for sellers as buyer expectations align with actual market conditions.

The market is characterized by elevated inventory levels, leading to a median days on market of 189 days. This extended timeframe indicates slower sales velocity and suggests that buyers are exercising greater leverage in negotiations. The overall market temperature remains neutral, reflecting a balance between supply and demand, although elevated interest rate pressure may impact future buyer activity and affordability.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Tampa, FL, around 5.99% are notably lower than the 6.85% average seen one year ago, presenting a refinancing opportunity for property owners.

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 is $403,000, reflecting a stable market without significant price fluctuations.

2. With a median days on market of 189, properties are experiencing slower sales velocity, indicating a shift in buyer leverage.

3. The median listing price stands at $477,500, creating a pricing gap that may challenge sellers in achieving their expectations.

4. Market temperature is currently neutral, suggesting a balanced relationship between supply and demand.

5. Elevated interest rate pressure may impact buyer affordability, contributing to a cautious outlook for future sales.

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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.