Tampa, FL 33616 Real Estate Market Report

ZIP Code: 33616
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.

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Key Findings

1. The neighborhood's primary market value indicator, the median sold price, is $400,000, which reflects recent transaction activity and should be treated as the representative recent sale for valuation and comps representative recent sale.

2. The market shows extended selling timelines with a median days on market of 322, which suggests slower sales velocity and may increase buyer negotiation leverage in transactions.

3. There is a spread between asking and transaction levels—median listing price is $424,450 versus the median sold price—indicating potential pricing friction where seller expectations may exceed realized sales.

4. Market trends point to softening price and rent momentum: price year-over-year trend is down and rent year-over-year trend is down, while interest rate pressure is elevated; market temperature remains neutral, which together suggest cautious buyer-seller interactions and moderated activity rather than a one-sided market down.

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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 33616 Real Estate Market Report

ZIP Code: 33616
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

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.

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Key Findings

1. 622,500 — The neighborhood's median sold price is the primary indicator of current market value and, given the prolonged median days on market, appears to reflect a market that is stabilizing with slower transaction velocity; neutral market temperature supports this interpretation.

2. 1,199,000 median listing price shows a significant gap versus the median sold price, which may indicate pricing friction between seller expectations and recent transaction levels, and suggests increased negotiation leverage for buyers; down price trend reinforces softening price momentum.

3. 295 median days on market signals extended marketing times and slower sales velocity relative to a brisk market, which may require more aggressive pricing or incentives to accelerate closings; moderate transaction velocity.

4. 361 median price per square foot and 2,995 median market rent together indicate pricing and rental benchmarks for valuation and underwriting, but with rent year-over-year down and interest rate pressure elevated, underwriting assumptions should be stress-tested for extended holding periods and tighter financing conditions.

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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.