Tampa, FL 33616 Real Estate Market Report

ZIP Code: 33616
Report Date: February 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Tampa, FL (ZIP: 33616) is characterized by a median sold price of $438,000, reflecting a market that has seen a down trend in prices year-over-year. This indicates a shift in buyer sentiment and market dynamics, as the area adjusts from previous rapid appreciation to a more stable pricing environment. The median days on market stands at 250, suggesting a slower sales velocity and potential pricing friction as buyers take their time to negotiate favorable terms amidst elevated inventory levels.

The current market conditions reveal elevated inventory relative to sales activity, which may indicate a buyer's advantage in negotiations. With median listing prices at $430,000, there is a notable gap between listing and sold prices, further emphasizing the current market's cautious nature. As affordability concerns persist, driven by high interest rates and insurance costs, the market appears to be stabilizing, albeit under pressure from elevated interest rate conditions.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Tampa FL around 6.000% are slightly lower than the early 2026 average of 6.10% 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 is $438,000, indicating a market that has seen a down trend in prices year-over-year.

2. With median days on market at 250, the market is experiencing slower sales velocity, suggesting buyers are taking longer to make decisions.

3. The median listing price of $430,000 shows a significant gap compared to the sold price, indicating potential pricing friction in negotiations.

4. Current market temperature is described as cold, reflecting a shift in buyer sentiment and market dynamics.

5. Elevated inventory levels suggest a potential buyer's advantage, as the market adjusts to recent changes in economic 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.