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

---

Executive Overview

As of February 2026, the real estate market in Tampa, FL (ZIP: 33618) reflects a median sold price of $550,000, indicating a shift towards stabilization in property values. This trend is underscored by a year-over-year price trend that is down, suggesting a cooling in buyer competition and a potential adjustment in seller expectations. The market appears to be experiencing slower transaction volume, with properties taking a median of 200 days on the market before sale, which may indicate a more cautious approach from buyers amidst elevated interest rate pressure and rising insurance costs.

The inventory landscape shows elevated levels of supply relative to sales activity, contributing to a neutral market temperature. The median listing price stands at $585,000, creating a notable pricing gap compared to the median sold price. This discrepancy may reflect seller optimism in a market that is currently favoring buyers, as affordability remains a concern. Overall, the market is transitioning towards a more balanced state, with potential opportunities for buyers to negotiate better terms.

---

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

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.

---

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

---

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 5.99% are slightly lower than the 6.28% average seen just days ago, presenting a minor cost advantage for new financing.

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

---

Key Findings

1. The median sold price of $550,000 indicates a potential shift in market dynamics as prices trend down.

2. With a median days on market of 200, properties are experiencing slower sales velocity, suggesting a cautious buyer sentiment.

3. The median listing price of $585,000 presents a significant gap compared to the median sold price, indicating possible pricing friction in the market.

4. The market temperature is currently neutral, reflecting a balance between buyer and seller expectations amidst elevated inventory levels.

5. Elevated interest rate pressure continues to influence buyer affordability, contributing to a down trend in both sold prices and rental rates.

---

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.