Tampa, FL 33647 Real Estate Market Report

ZIP Code: 33647
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.

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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

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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.

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Key Findings

1. The primary indicator for recent transactions is the median sold price, which is $537,000, establishing the neighborhood's realized market value for recent SFR and condominium sales.

2. There is a noticeable spread between median sold price $537,000 and median listing price $504,500, which may indicate pricing friction between seller expectations and completed transactions.

3. The prolonged median days on market of 214 points to slower sales velocity and, combined with a down price year-over-year trend, suggests a market that is rebalancing toward buyers' leverage despite a neutral market temperature.

4. Rental and financing context is mixed: the median market rent is $2,300 while rent year-over-year is down, and interest rate pressure is elevated (elevated), which may weigh on buyer affordability and investor cap rate sensitivity.

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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.

Tampa, FL 33647 Real Estate Market Report

ZIP Code: 33647
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.

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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

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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.

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Key Findings

1. The neighborhood's primary market indicator, the median sold price, stands at $170,207, which provides the best reflection of recent transaction values; given the $180,000 median listing price, there is a noticeable gap that suggests seller expectations exceed realized sale prices and may require price alignment to close deals.

2. The market shows protracted selling timelines with a median days on market of 384, which points to slower sales velocity and suggests that liquidity has softened; combined with a neutral market temperature, this appears to favor buyers' negotiating leverage and may indicate increased pricing friction rather than rapid turnover.

3. Pricing context by unit area is anchored at a median price per square foot of 162 while rental context shows a median market rent of 1,590; with rent year-over-year trends reported as down, rental income expectations are softening, which could influence investor underwriting and demand.

4. Macroeconomic pressure is a headwind: interest rate pressure is reported as elevated, and price year-over-year trend is down; sellers should consider adjusting list strategy and time-to-market expectations, while buyers should use the slower velocity and the observed selling-price vs. listing-price gap to pursue negotiated terms rather than relying on rapid appreciation.

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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.