Tampa, FL 33616 Real Estate Market Report

ZIP Code: 33616
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 real estate market in Tampa, FL (ZIP: 33616) reflects a median sold price of $425,000, indicating a stable market environment. The neighborhood has seen a flat price trend, suggesting a period of stabilization after previous fluctuations. This stability is further underscored by the median days on market of 252, which indicates a slower sales velocity and a potential shift towards a more balanced market, where buyers may have increased negotiating power due to longer selling times and elevated inventory levels.

In this context, the median listing price stands at $449,900, presenting a notable gap compared to the sold price. This discrepancy may indicate some pricing friction as sellers adjust expectations to align with current market realities. Additionally, the local market is facing challenges from rising insurance costs, which could impact overall affordability for potential buyers. Overall, the market appears to be in a neutral state, with moderate interest rate pressure influencing buyer behavior.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Tampa FL market, ranging from 5.75% to 6.17% APR, are slightly lower than the 6.20% projected for the end of Q1 2026, presenting a minor cost opportunity for new financing.

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 $425,000 reflects a stable market, with prices remaining flat year-over-year.

2. With a median days on market of 252, the market is experiencing slower sales velocity, suggesting potential buyer leverage in negotiations.

3. The median listing price of $449,900 indicates a pricing gap compared to the sold price, which may lead to pricing friction as sellers adjust their expectations.

4. Elevated inventory levels are present, contributing to a market environment that may favor buyers due to excess supply relative to sales activity.

5. Rising insurance costs are a significant affordability challenge, which could further impact buyer demand in the Tampa, FL (ZIP: 33616) area.

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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.