Tampa, FL 33611 Real Estate Market Report

ZIP Code: 33611
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

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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 33611 market average 6.4%, reflecting a stable environment for property owners compared to early 2026 origination benchmarks.

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, the median sold price, is 499,000, which signals the representative recent sale level for the neighborhood and aligns with a year-over-year price trend that is up, suggesting localized appreciation.

2. There is a notable spread between the median listing price and the median sold price—median listing price is 549,000 versus the median sold price of 499,000—which may indicate pricing friction where seller expectations exceed recent transaction values; sellers should consider pricing alignment to improve sale prospects.

3. Extended selling timelines are evident with a median days on market of 241, which points to slower sales velocity and may reflect buyers taking more time to transact or sensitivity to price; this slower sales velocity suggests agents should emphasize staged pricing and targeted marketing to reduce time to contract.

4. Market context shows neutral market temperature alongside elevated interest rate pressure and a reported 30-year fixed mortgage average of 6.4% in the area; with median market rent at 2,600 and median price per square foot at 350, investors and owners should weigh financing costs carefully as elevated interest rate pressure may constrain leverage and deal flow despite rents and price-per-square-foot metrics trending positively.

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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 33611 Real Estate Market Report

ZIP Code: 33611
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

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 33611 market average 6.4%, reflecting a stable environment for property owners compared to early 2026 origination benchmarks.

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. median sold price of $252,500 anchors market value and indicates realized transaction pricing; given the median listing price of $309,999, there is noticeable pricing friction between asking and completed sales that may indicate seller price adjustments are needed.

2. The median days on market is 294, which signals slower sales velocity and suggests reduced liquidity and longer marketing periods—pricing and marketing strategies should account for extended exposure.

3. The median price per square foot is $271 and the median market rent is $1,800; investors and owners should treat recent sales as the primary valuation signal while monitoring rent growth, since the rent year-over-year trend is up but rental data alone does not override transaction-based pricing.

4. Market context shows the price year-over-year trend is up while the market temperature is neutral and interest rate pressure is elevated; with local 30-year fixed mortgage rates averaging 6.4%, sellers and buyers should expect financing cost sensitivity and plan pricing or offer strategies accordingly.

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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.