Tampa, FL 33624 Real Estate Market Report

ZIP Code: 33624
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Tampa, FL (ZIP: 33624) is characterized by a median sold price of $429,900, reflecting a stable market environment. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. The median days on market stands at 173 days, suggesting a slower sales velocity as properties linger longer before closing. This extended timeframe may indicate a growing buyer negotiation power amidst rising inventory levels.

The market is currently experiencing elevated inventory levels, with a notable median listing price of $495,750, which creates a significant gap between asking prices and sold prices. This disparity may suggest that sellers are adjusting their expectations in response to the evolving market conditions. Despite the median market rent being $2,410, which remains high, rental prices are softening following previous rapid appreciation, further complicating affordability for potential buyers. Overall, the market temperature is neutral, reflecting a balance between supply and demand, yet the pressure from moderate interest rates continues to influence buyer sentiment.

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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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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 rates in Tampa FL around 5.99% are slightly below the January 2026 average of 6.20%, presenting a minor cost opportunity for new financing.

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 $429,900 reflects a significant gap compared to the median listing price of $495,750, indicating potential pricing friction.

2. With a median days on market of 173, the market is experiencing slower sales velocity, which may provide buyers with increased negotiation power.

3. The median market rent is $2,410, but rental prices are softening following previous rapid appreciation, impacting overall affordability.

4. The market temperature is neutral, suggesting a balanced environment between buyers and sellers, despite elevated inventory levels.

5. Interest rate pressure remains moderate, with current 30-year fixed rates around 5.99%, slightly below the January average, presenting a minor cost opportunity for new financing.

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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.