Tampa, FL 33618 Real Estate Market Report

ZIP Code: 33618
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Tampa, FL (ZIP: 33618) is characterized by a median sold price of $535,000, reflecting a stable market environment. The neighborhood has increased up since 2023, indicating a positive trend in home values. Despite this upward movement in sold prices, the market is experiencing elevated inventory levels relative to sales activity, which suggests a transition toward a more balanced state. The median days on market stands at 263, indicating slower sales velocity and potential pricing friction as buyers navigate their options in a market with increased supply.

The median listing price of $499,900 shows a notable gap compared to the sold price, which may indicate seller expectations that are not fully aligned with current market realities. The overall market temperature is assessed as neutral, reflecting a balance between supply and demand, although some segments remain competitive. Rising insurance costs and elevated interest rate pressure may further challenge affordability, impacting buyer sentiment and market dynamics moving forward.

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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

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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, around 6.62% are higher than the 6.38% average seen just weeks ago in March 2026, indicating a less favorable refinancing environment for recent borrowers.

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 $535,000 reflects a stable market, with prices up since 2023.

2. With a median days on market of 263, the market is experiencing slower sales velocity, indicating potential pricing friction.

3. The median listing price of $499,900 suggests a gap between seller expectations and actual market performance.

4. The market temperature is neutral, indicating a balance between supply and demand, though some segments remain competitive.

5. Elevated interest rate pressure may challenge affordability, impacting buyer sentiment and overall market 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.