Tampa, FL 33615 Real Estate Market Report

ZIP Code: 33615
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the Tampa, FL (ZIP: 33615) market reflects a median sold price of $422,000, indicating a shift towards a more balanced environment. This represents a decrease in market value, aligning with broader trends observed in the region. The median days on market has extended to 204 days, suggesting slower sales velocity and increased buyer leverage as inventory levels remain elevated relative to sales activity.

The market is characterized by elevated inventory levels, which may indicate a transition phase as sellers adjust expectations in response to changing buyer sentiment and rising insurance costs. While the median listing price stands at $487,500, the gap between listing and sold prices suggests potential pricing friction as the market seeks equilibrium amidst fluctuating demand and increased interest rate pressure.

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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 Tampa FL average around 6.0% compared to the 7.0% average seen earlier in 2026, presenting a cost opportunity for refinancing.

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 $422,000 reflects a decrease in market value, emphasizing the need for sellers to adjust expectations.

2. With 204 days on market, the trend indicates a slower sales velocity, allowing buyers more negotiating power.

3. The median listing price of $487,500 suggests a significant gap from sold prices, indicating potential pricing friction in the market.

4. Current market conditions are described as neutral, suggesting a balanced environment with no clear advantage for buyers or sellers.

5. The median market rent is $2,380, which is down year-over-year, reflecting rising vacancies and shifting rental dynamics.

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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.