Tampa Real Estate Market Update: Balancing Act with Hot Spots Below $500K

The Tampa Bay housing market continues to show an interesting mix of balance and competition—depending on the price point. While inventory levels are giving buyers more options overall, certain price segments are moving fast and commanding strong offers.

Market Activity & Balance
The overall pending ratio—the percentage of active listings going under contract—is sitting at 31%. That means about one in three homes for sale are moving to pending status.
The sweet spot for activity? Homes priced between $250K and $400K, where pending ratios jump as high as 52%. That’s a clear sign that buyer demand in this range remains strong and competitive.
The current months of supply stands at 4.2 months, suggesting a balanced market. But that balance shifts when you zoom in:

• $1M+ homes are sitting with 8+ months of supply, meaning slower turnover and more choices for buyers.
• Lower price ranges are tighter and moving quicker.

Pricing Trends
The average list price for active homes is $815,079, but the hottest movement is happening far below that—especially between $278K and $379K.
When it comes to closings, the average sold price is $577,868, with sellers achieving 97.2% of their final list price. That’s a strong signal of seller negotiating power—particularly in the sub-$500K range where competition remains fierce.


Days on Market (DOM)

• Active listings are averaging 70 days on market.
• Sold listings average 53 days, but the median is just 26 days—meaning well-priced homes are selling quickly.
• In the $250K–$400K range, homes typically move within 58–88 days, faster than higher-priced properties.

Segment Highlights
$0–$500K Segment

• Most competitive price range
• Pending ratio: 37%
• Homes sell close to list price and move quickly

$500K–$1M Segment

• Moderate activity
• Pending ratio: 25%
• Slightly longer days on market

$1M+ Segment

• Highest inventory levels (8+ months)
• Slower sales pace
• More room for buyer negotiation

Advice & Insights
For Sellers

If you’re selling in the sub-$500K range, the market is in your favor. Homes are selling quickly and close to list price. Pricing competitively and presenting your home well can help you secure multiple offers.
For luxury sellers, be prepared for longer market times. Setting the right price upfront and targeting the right buyer pool will help you stand out in a more crowded field.
For Buyers

Looking in the $1M+ range? You have the most leverage—more inventory means more negotiation power.
Shopping below $500K? Be ready to move quickly and make strong offers. Competition is still alive and well in this segment, and waiting too long could cost you the home you love.


Bottom Line:

Tampa’s real estate market is walking a fine line between balanced conditions and red-hot pockets of activity. Whether you’re buying or selling, success comes down to understanding your price segment, acting strategically, and making informed moves in today’s evolving market