Tampa, FL 33607 Real Estate Market Report

ZIP Code: 33607
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 the Tampa 33607 area are approximately 6.3% to 6.5%, which is lower than the 6.88% average observed in January 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 primary market indicator is the median sold price: 389,900, which represents recent transaction value and suggests that comparable closed sales are centered well below current asking levels in the sample; this gap between median listing price: 480,000 and the median sold price: 389,900 may indicate pricing friction and seller expectations that exceed realized sale values.

2. Liquidity appears muted based on the median days on market: 291, which signals a slower sales velocity and may indicate that properties are taking substantially longer to reach contract compared with typical market turnover; this slower pace appears to be consistent with neutral market balance rather than a hot, seller-driven environment.

3. Price direction and rental movement are both soft: the price year-over-year trend is down and the rent year-over-year trend is down, suggesting near-term downward pressure on both sale prices and market rents that may compress investor returns and require more conservative underwriting.

4. Interest rate dynamics are an additional headwind: interest rate pressure is elevated, and local 30-year fixed mortgage rates near 6.3% to 6.5% (noted as lower than the January 2026 average of 6.88%) still represent higher carrying costs relative to recent historical lows; this elevated interest rate pressure may dampen buyer purchasing power and contribute to the observed excess supply relative to sales activity.

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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.

Tampa, FL 33607 Real Estate Market Report

ZIP Code: 33607
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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 the Tampa 33607 area are approximately 6.3% to 6.5%, which is lower than the 6.88% average observed in January 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 neighborhood's primary market indicator, median sold price, is 259,000, which — when compared with the median listing price of 239,500 — suggests a pricing disconnect that may indicate realized transactions are running above current asking medians and could reflect recent negotiated outcomes rather than listing optimism.

2. The market shows slow sales velocity with a median days on market of 256, which suggests slower transaction turnover and longer holding periods for sellers compared with faster-moving cycles.

3. Valuation density and income context are mixed: the median price per square foot is 266 and the median market rent is 1,950, while rent year-over-year trend is down, indicating rental performance is soft even as per‑unit valuations remain elevated.

4. Market balance signals are neutral to cautious: market temperature is neutral, inventory appears as a relatively constrained active supply in the analyzed sample with moderate transaction volume, and interest rate pressure is elevated — note that Current 30-year fixed mortgage rates in the Tampa 33607 area are approximately 6.3% to 6.5%, which is lower than the 6.88% average observed in January 2026.

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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.