Tampa, FL 33611 Real Estate Market Report

ZIP Code: 33611
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Tampa, FL (ZIP: 33611) reflects a median sold price of $486,500, indicating a stable transaction environment despite some fluctuations in pricing dynamics. The market appears to be in a corrective phase, with the median listing price at $598,000, suggesting a notable gap between seller expectations and actual market performance. This disparity may indicate pricing friction as sellers adjust to current market realities.

The median days on market stands at 245, highlighting a slower sales velocity, which could be attributed to elevated inventory levels relative to sales activity. The overall market temperature is described as neutral, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage. Despite high insurance costs and elevated interest rate pressure, the underlying economic strength from job and population growth continues to support the market's resilience.

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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 Tampa FL 33611 average around 6.62% compared to a recent 2026 average of 6.07% for property owners in this market.

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 $486,500 reflects a stable transaction environment amidst pricing adjustments.

2. With a median listing price of $598,000, there is a significant gap that may indicate pricing friction between seller expectations and market realities.

3. The median days on market of 245 suggests a slower sales velocity, which may be due to elevated inventory levels.

4. Current interest rate pressure is classified as elevated, impacting buyer affordability and overall market activity.

5. The market temperature remains neutral, indicating a balanced environment with moderate transaction volume.

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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.