Tampa, FL 33647 Real Estate Market Report

ZIP Code: 33647
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: 33647) is characterized by a median sold price of $539,950, reflecting a stable market despite a backdrop of rising inventory levels. The neighborhood has shown notable resilience, with year-over-year price appreciation, although specific historical price change data is not available. This median sold price indicates that actual transaction values remain robust, suggesting ongoing buyer interest even as the market begins to rebalance toward a more neutral state.

The current market conditions reveal 176 median days on market, which points to a slower sales velocity and elevated inventory relative to sales activity. This shift indicates a transition from a strong seller's market to a more balanced environment, where buyers may find more options available. The median listing price stands at $537,000, closely aligned with the sold price, suggesting that sellers are adjusting expectations to match market realities. Overall, while the market is experiencing longer transaction times and increased inventory, the fundamentals remain positive, supported by a favorable interest rate environment for 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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for Tampa FL 33647 area property owners average around 6.00% compared to the 2026 average origination rate of 6.69%, indicating a favorable market position.

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 $539,950 indicates strong market activity despite rising inventory levels.

2. With 176 median days on market, the market is experiencing slower sales velocity, suggesting a shift towards a more balanced environment.

3. The median listing price of $537,000 closely aligns with the sold price, indicating that seller expectations are adjusting to current market conditions.

4. Rental markets are showing signs of softening, with a median market rent of $3,150, reflecting increased vacancy rates.

5. Current interest rates for property owners average around 6.00%, which is favorable compared to the 2026 average origination rate of 6.69%, potentially encouraging 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.