Tampa, FL 33635 Real Estate Market Report

ZIP Code: 33635
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Tampa, FL (ZIP: 33635) currently stands at $437,450, reflecting the actual market transactions and indicating a stable pricing environment. The neighborhood has seen a flat price trend, suggesting that while there is some price stability, there is no significant upward momentum. This stability is accompanied by a median listing price of $534,900, which indicates a notable gap between seller expectations and actual sales, potentially creating pricing friction in the market.

Market conditions are characterized by elevated inventory levels, with a median days on market of 256, suggesting slower sales velocity and a more cautious buyer sentiment. The overall market temperature is neutral, indicating a balanced state where supply and demand are relatively aligned. However, elevated interest rate pressure continues to challenge affordability, impacting buyer activity and rental rates, which have decreased year-over-year. This combination of factors points to a market that is normalizing, with increased buyer leverage and a shift towards a more balanced environment.

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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

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, FL market average around 5.99% compared to recent 2026 averages near 5.70%, indicating a slight rate increase for new loans.

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 $437,450 indicates a stable market, but the gap with the median listing price of $534,900 suggests potential pricing friction.

2. With a median days on market of 256, the market is experiencing slower sales velocity, indicating a more cautious buyer sentiment.

3. The median market rent is $2,640, which has been trending down, reflecting decreasing rental rates year-over-year.

4. The market temperature is currently neutral, suggesting a balanced state between supply and demand without significant pressure in either direction.

5. Elevated interest rate pressure remains a concern, with current mortgage rates around 5.99%, which may hinder overall affordability and buyer activity.

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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.