Tampa, FL 33629 Real Estate Market Report
ZIP Code: 33629
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
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
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.
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 33629 area average 6.35%, which is 0.17% higher than the 6.18% average observed during the first two months of 2026.
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 neighborhood's primary market value is reflected by the median sold price of 950,000, which provides the most reliable indicator of recent transaction pricing and suggests realized values sit materially below asking levels in this cycle (representative recent sale).
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There is a notable spread between the median listing price of 1,315,950 and the median sold price of 950,000, which may indicate pricing friction as sellers test higher asking levels while actual transactions clear at lower prices (down).
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Liquidity appears slow given a median days on market of 274, which signals extended marketing time and slower sales velocity and, combined with elevated inventory relative to sales activity, may give buyers more negotiating leverage (neutral).
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Rental and financing pressures add caution: the median market rent is 2,850 with rent year-over-year trend down, while interest rate pressure is elevated and local 30-year fixed rates average 6.35%, which is 0.17% higher than the 6.18% average observed earlier in 2026—factors that may further constrain buyer affordability and slow 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 above market average
Sold above 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 at market average
Sold below market average
Tampa, FL 33629 Real Estate Market Report
ZIP Code: 33629
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
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
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.
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 33629 area average 6.35%, which is 0.17% higher than the 6.18% average observed during the first two months of 2026.
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 is the median sold price of 695,000, which establishes recent transaction-level value and suggests that recent closings are settling below ask levels given the median listing price of 785,000; this gap may indicate pricing friction and suggests sellers should consider competitive pricing to accelerate offers. down
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Liquidity appears muted: the median days on market is 315, which points to slower sales velocity and suggests that sellers may need longer marketing windows or stronger concessions to close; buyers can use extended time-on-market to negotiate. moderate
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Price discovery is cooling: the price year-over-year trend is listed as down while the market temperature is neutral, indicating a transition from rapid appreciation to a more balanced market where carefully priced listings capture interest and overpriced listings face longer exposure. neutral
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Financial and rent context is headwind-heavy: median market rent is 2,150 and rent year-over-year trend is down, while interest rate pressure is described as elevated and local 30-year fixed mortgage rates average 6.35%, which is 0.17% higher than the earlier 6.18% baseline; investors and owner-occupiers should factor higher borrowing costs into offer strategy and hold-period assumptions. elevated interest rate pressure
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 above market average
Sold below market average
Sold below market average
Sold below market average
Sold at market average
Sold below market average
Sold below 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, 0.8% 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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