Tampa, FL 33624 Real Estate Market Report

ZIP Code: 33624
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: 33624) shows a median sold price of $410,000, reflecting a stable market despite some recent fluctuations. The neighborhood has decreased 8% since 2022, indicating a softening trend in property values. Elevated inventory levels suggest that buyers are gaining some negotiating power, although the market remains relatively balanced due to strong underlying demand driven by local economic growth and population influx.

Transaction activity appears moderate, with 212 days on market indicating slower sales velocity. The median listing price stands at $428,950, which creates a notable pricing gap compared to the median sold price, suggesting potential pricing friction as sellers adjust expectations. Overall, the market temperature is classified as neutral, with elevated interest rate pressure continuing to temper overall market velocity.

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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 Tampa FL 33624 average around 6.62% compared to typical 2026 origination rates near 5.37%, indicating property owners locked in a favorable rate.

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 $410,000 indicates a decrease of 8% since 2022, reflecting a softening in property values.

2. With a median listing price of $428,950, there is a significant pricing gap compared to the sold price, suggesting pricing friction in the market.

3. The median days on market of 212 suggests slower sales velocity and may indicate a need for sellers to adjust pricing strategies.

4. Elevated inventory levels are present, leading to moderate transaction volume and providing buyers with increased negotiating leverage.

5. The median market rent of $2,410 shows a down trend, which may influence 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.