Tampa, FL 33607 Real Estate Market Report

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

---

Executive Overview

The median sold price in Tampa, FL (ZIP: 33607) stands at $385,900, reflecting a significant decrease in market value. This downward trend in sold prices indicates a challenging environment for sellers, particularly as the broader market shows stability with slight upward pressure month-over-month. The neighborhood has decreased 8% since 2022, suggesting that buyers may be capitalizing on lower prices amid elevated inventory levels and slower sales velocity.

Market conditions are characterized by elevated inventory levels, which may indicate excess supply relative to sales activity. The median days on market is notably high at 301 days, further underscoring the slower transaction volume. Despite the current challenges, the overall economic strength in the region supports long-term demand, although elevated interest rate pressure remains a concern for potential buyers.

---

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 6.62% to 6.92% are notably higher than the 5.50% average seen earlier in 2026, meaning owners who originated loans then locked in a significant cost advantage.

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 is $385,900, indicating a decrease in market value and potential pricing friction for sellers.

2. With a median days on market of 301 days, the market is experiencing slower sales velocity, suggesting a need for strategic pricing adjustments.

3. The median listing price of $458,000 reflects a significant gap compared to the sold price, indicating potential seller expectations may be misaligned with market realities.

4. Market temperature is neutral, suggesting a balanced environment but with signs of elevated inventory relative to sales activity.

5. The median market rent is $2,480, which is up year-over-year, indicating a potential opportunity for investors despite the challenges in the sales market.

---

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.