Tampa, FL 33609 Real Estate Market Report

ZIP Code: 33609
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Tampa, FL (ZIP: 33609) is $784,900, reflecting a stable market despite elevated inventory levels. The neighborhood has increased up since 2023, indicating resilience in pricing amidst current market conditions. The median listing price stands at $899,000, suggesting a notable gap between seller expectations and actual market transactions, which may create pricing friction for potential buyers.

Transaction activity has shown moderate sales velocity, with properties remaining on the market for an extended period, averaging 244 days. This extended duration may indicate a cautious buyer sentiment and a need for sellers to adjust their expectations. The overall market temperature is described as neutral, suggesting a balanced environment where both buyers and sellers are navigating the current conditions with care.

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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 the Tampa, FL market are around 6.11% compared to 6.89% a year ago, indicating a favorable market shift for refinancing opportunities.

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 $784,900 indicates a resilient market despite elevated inventory levels.

2. With a median listing price of $899,000, there is a significant gap between seller expectations and market reality.

3. Properties are spending an average of 244 days on market, reflecting slower sales velocity and cautious buyer behavior.

4. The market temperature is neutral, suggesting a balanced environment for transactions.

5. The median market rent of $2,340 may indicate stable rental demand, although the year-over-year trend is down.

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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.