Tampa, FL 33611 Real Estate Market Report

ZIP Code: 33611
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: 33611) is $527,000, reflecting a market that has recently experienced price declines. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. With a median listing price of $549,499.50, there is a notable gap between seller expectations and actual transaction values, suggesting increased buyer negotiating power as inventory levels rise.

Current market conditions show elevated inventory levels, which may indicate excess supply relative to sales activity. The median days on market stands at 191, pointing to slower sales velocity and a market that is transitioning towards a more balanced state. This environment is characterized by moderate transaction volume, as buyers are taking more time to make purchasing decisions amidst the ongoing adjustments in pricing and inventory.

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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

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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 around 6.01% are slightly lower than the early 2026 average of 6.18% 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. $527,000 is the median sold price, indicating a significant gap with the median listing price of $549,499.50, which may reflect pricing friction in the market.

2. The median days on market is 191, suggesting slower sales velocity and a shift towards a more balanced market.

3. The market temperature is currently neutral, indicating a balance between buyer and seller activity without a strong bias towards either side.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may provide buyers with more options and negotiating power.

5. The median market rent is $2,350, but the year-over-year trend is down, indicating potential challenges in rental growth.

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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.