Tampa, FL 33618 Real Estate Market Report

ZIP Code: 33618
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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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 33618 area average 6.3%, which is 0.4% higher than the 5.9% average seen earlier in 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 primary market indicator is the median sold price: 535,000, which represents the most reliable measure of recent transaction value and suggests realized pricing is below asking expectations given the median listing price of 595,000; this spread may indicate pricing friction and gives buyers negotiation leverage. neutral

2. Liquidity appears slow based on the median days on market of 267, which signals extended marketing times and slower transaction velocity; combined with the price year-over-year trend being down, this suggests sellers may need to be more flexible on terms to achieve sales.

3. Interest-rate pressure is a headwind for affordability: current 30-year fixed mortgage rates average 6.3%, which is 0.4% higher than the 5.9% average seen earlier in 2026, and the interest rate pressure metric is described as elevated; rental income context shows the median market rent at 2,100 and the rent year-over-year trend is down, reducing near-term upside from rental yield growth.

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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.

Tampa, FL 33618 Real Estate Market Report

ZIP Code: 33618
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 33618 area average 6.3%, which is 0.4% higher than the 5.9% average seen earlier in 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. median sold price $249,999 is the primary indicator of recent transaction value in 33618 and suggests transaction-level pricing is centered near this level; down price year-over-year trend and a neutral market temperature imply recent softening without a decisive market tilt.

2. median days on market 350 points to extended selling timelines and may indicate slower sales velocity and greater negotiation leeway for buyers; this long marketing window coexists with pricing friction between asking and sale levels.

3. median listing price $229,950 versus the median sold price $249,999 indicates a notable gap between current asking expectations and recent transaction prices, which may signal selective seller pricing or sales concentrated in different product segments; sellers should expect down price momentum to influence concessions.

4. median price per square foot 194 and median market rent 1,925 combined with a down rent year-over-year trend and elevated interest rate pressure suggest constrained yield compression for investors and tighter financing economics affecting buyer affordability.

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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.