Tampa, FL 33629 Real Estate Market Report

ZIP Code: 33629
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: 33629) is experiencing a notable shift towards normalization, with the median sold price standing at $1,035,000. This reflects a market that has decreased 8% since 2022, indicating a cooling trend in property values. The median listing price of $1,296,950 suggests a significant gap between seller expectations and actual market transactions, which may contribute to extended selling times and increased buyer negotiation power.

The market is characterized by elevated inventory levels, leading to a median days on market of 213 days. This extended duration indicates slower sales velocity, as buyers are taking more time to make purchasing decisions. The current market temperature is described as neutral, suggesting a balance between buyer and seller activity, but with potential challenges in affordability due to high insurance costs. Overall, the market appears to be stabilizing, though the ongoing high property tax rate of 1.2% and elevated insurance costs may continue to pressure affordability for prospective buyers.

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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 market average around 6.09% to 6.28%, which is notably lower than the 6.87% average seen one year ago, presenting a cost opportunity for recent borrowers.

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 $1,035,000 indicates a market that has decreased 8% since 2022, reflecting a cooling trend in property values.

2. With a median days on market of 213, the market is experiencing slower sales velocity, suggesting buyers are taking longer to finalize purchases.

3. The median listing price of $1,296,950 shows a significant gap from the sold prices, indicating potential pricing friction between seller expectations and market reality.

4. Current mortgage rates averaging between 6.09% to 6.28% present a cost opportunity for buyers compared to last year's rates, which may encourage some activity despite overall market conditions.

5. The market temperature is neutral, suggesting a balanced environment, but ongoing high insurance costs may challenge affordability for many buyers.

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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.