Tampa, FL 33647 Real Estate Market Report

ZIP Code: 33647
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of April 2026, the real estate market in Tampa, FL (ZIP: 33647) is characterized by a median sold price of $499,999, reflecting a down trend in pricing over the past year. This suggests a cooling market, as the market temperature is currently classified as cold. The median days on market has extended to 207 days, indicating slower sales velocity and a shift towards a more balanced market dynamic, where buyers may have more negotiating power due to elevated inventory levels.

The median listing price stands at $482,400, which creates a notable gap between asking and selling prices, potentially signaling seller expectations that are not fully aligned with current market realities. The median market rent is recorded at $3,150, which, while high, has also seen a down trend year-over-year. This combination of factors suggests a market that is stabilizing after a period of rapid growth, with increased inventory and longer selling times contributing to a more cautious approach from both buyers and sellers.

---

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

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Tampa, FL are averaging 6.50% as of March 31, 2026, which is 0.28% higher than the average rate of 6.22% seen in early March 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $499,999 indicates a down trend in pricing, suggesting potential buyer leverage in negotiations.

2. With 207 days on the market, the extended selling period reflects slower sales velocity and may indicate a shift in buyer sentiment.

3. The median listing price of $482,400 shows a significant gap from the sold price, which may create pricing friction for sellers.

4. Elevated inventory levels suggest excess supply relative to sales activity, contributing to a cold market temperature.

5. The median market rent of $3,150 has also decreased year-over-year, indicating softening rental demand in the area.

---

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.