Tampa, FL 33616 Real Estate Market Report

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

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Executive Overview

As of April 2026, the real estate market in Tampa, FL (ZIP: 33616) is characterized by a median sold price of $399,000, reflecting a stabilization phase after previous rapid growth. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. This trend suggests that buyers may be experiencing more favorable conditions, as the market adjusts to elevated inventory levels and longer days on market.

The median days on market stands at 313, which points to slower sales velocity and a potential cooling of buyer urgency. Despite these changes, the median listing price of $439,500 indicates that sellers may still have high expectations, creating a pricing friction that could affect transaction activity. Overall, the market temperature is currently classified as neutral, suggesting a balance between supply and demand, albeit with signs of excess supply relative to sales activity.

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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 median sold price of $399,000 reflects a market adjusting to downward pressure on prices.

2. A median days on market of 313 indicates slower sales velocity and extended listing periods.

3. The median listing price of $439,500 suggests potential pricing friction as sellers adjust to market realities.

4. With a median market rent of $2,470, rental prices are also experiencing a downward trend, impacting investment attractiveness.

5. The overall market temperature is neutral, indicating a balance between supply and demand despite elevated inventory levels.

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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.