Tampa, FL 33609 Real Estate Market Report

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

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

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.

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

Key Findings

1. The primary market value signal is the median sold price of 618,000, which represents the most reliable indicator of recent transaction activity and suggests current realized pricing in the ZIP code; use sold prices for valuation and underwriting when assessing comps and offers.
2. There is a notable divergence between the median listing price of 971,000 and the median sold price of 618,000, which may indicate pricing friction and elevated seller expectations that could depress closing velocity unless sellers adjust expectations or buyers accept premiums.
3. The median days on market of 346 points to slower sales velocity and reduced liquidity; longer time to contract suggests buyers can negotiate more concessions or contingencies, and sellers should consider price or marketing adjustments to accelerate turnover.
4. Broader market signals—price year-over-year trend is down, rent year-over-year trend is down, market temperature is neutral, and interest rate pressure is elevated—combine to create a cautious operating environment; expect constrained appetite for aggressive price growth and prioritize conservative pricing, tighter underwriting, and contingency planning for financing headwinds.

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.