Tampa, FL 33618 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator is the median sold price: 408,772, which represents the most reliable signal of recent transaction activity and suggests current neighborhood valuation is below asking levels in many listings.
2. There is a wide pricing gap between the median listing price: 540,000 and the median sold price: 408,772, which may indicate pricing friction and increased seller concessions as the market balances.
3. Slower sales velocity is evident with a median days on market: 277, which suggests longer marketing times and moderate transaction volume that may give buyers greater negotiation leverage.
4. Macro and rental signals are mixed: the price year-over-year trend: down and rent year-over-year trend: down point to cooling demand, while interest rate pressure: elevated (current local 30-year rates around 6.46% per market comparison) may further dampen buying power and keep upward price pressure limited.

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.