Tampa, FL 33618 Real Estate Market Report

ZIP Code: 33618
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: 33618) is experiencing a notable shift, with the median sold price currently at $542,000. This reflects a market that has decreased 8% since 2022, indicating a trend toward stabilization rather than appreciation. The dynamics of the market are characterized by slower sales velocity, as evidenced by a median days on market of 198 days, which suggests that homes are taking longer to sell, potentially due to elevated interest rates and rising insurance costs affecting buyer affordability.

Inventory levels appear elevated relative to sales activity, contributing to a more balanced market environment. The median listing price stands at $573,000, which creates a pricing gap that may indicate seller expectations are not aligning with current market realities. With the market temperature classified as neutral, it suggests that while there is moderate transaction volume, the overall conditions favor neither buyers nor sellers distinctly, leading to a cautious outlook for prospective transactions.

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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 average around 5.99% APR, which is 0.3% higher than the 5.69% average seen just weeks ago in February 2026.

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 $542,000 reflects a market that has decreased 8% since 2022, indicating a shift towards stabilization.

2. Homes are taking longer to sell, with a median days on market of 198 days, suggesting slower sales velocity in the current environment.

3. The median listing price of $573,000 indicates a significant gap compared to the sold price, which may create pricing friction for sellers.

4. With elevated inventory levels relative to sales activity, the market is experiencing moderate transaction volume and a balanced dynamic.

5. The median market rent is $2,123, reflecting a down trend year-over-year, which may impact rental demand and investor interest.

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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.