Tampa, FL 33624 Real Estate Market Report
ZIP Code: 33624
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.
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
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 market rates for 30-year fixed loans in Tampa FL 33624 average 6.4%, reflecting a stable interest rate environment for property owners in this market compared to early 2026 benchmarks.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market indicator, the median sold price, is 420,000 and represents the best measure of recent transaction value in ZIP 33624; this value should guide pricing and underwriting decisions given current market dynamics.
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Listing pressure appears higher than realized transaction prices—median listing price is 450,000 while the median sold price remains 420,000—which may indicate pricing friction between seller expectations and closed-sale outcomes rather than automatic upward appreciation.
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Market velocity is slow: median days on market is 212, which, combined with a neutral market temperature and flat price year-over-year trend, suggests slower sales velocity and more time for buyers to negotiate rather than immediate competition.
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Affordability and carrying cost dynamics warrant attention: median market rent is 2,295 and median price per square foot is 250; with moderate interest rate pressure and current 30-year fixed rates averaging 6.4% for the area, financing headwinds remain a constraint on buyer purchasing power and could temper near-term demand.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Tampa, FL 33624 Real Estate Market Report
ZIP Code: 33624
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.
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
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 market rates for 30-year fixed loans in Tampa FL 33624 average 6.4%, reflecting a stable interest rate environment for property owners in this market compared to early 2026 benchmarks.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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174,950 is the best indicator of current market value — the median sold price shows realized transaction levels and, when compared with the median listing price of 167,900, suggests sellers have been achieving slightly higher sale outcomes than asking in recent transactions (representative recent sale).
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226 median days on market points to materially slower sales velocity and suggests pricing friction and relatively constrained active supply in the analyzed sample, which may indicate buyers are taking more time to transact despite completed sales.
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flat price year-over-year trend combined with a neutral market temperature and moderate interest rate pressure (30-year fixed rates averaging 6.4% locally) implies a broadly balanced market where appreciation has stalled and financing costs are a stabilizing factor rather than a strong tailwind or headwind (stable market balance).
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1,475 median market rent alongside a rent year-over-year trend of down indicates weakening rental demand or rate compression, which may reduce investor yield expectations and warrant caution for buy-to-rent acquisitions.
Notable Properties
The following 4 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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold at market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.0% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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