How Is The Real Estate Market In Tampa Florida?

Are home prices dropping in Tampa Florida?

The median price of single-family homes is still rising in double-digits. The median price of single-family homes in Hillsborough County has grown by 27.8% to $428,000 as of May 2022. In Pasco County, the median price was $394,990, up 31.5%. The dollar volume in Tampa St.

Is Tampa a good real estate market?

What is the housing market like in Tampa today? In October 2022, Tampa home prices were up 19.1% compared to last year, selling for a median price of $400K. On average, homes in Tampa sell after 26 days on the market compared to 11 days last year. There were 740 homes sold in October this year, down from 994 last year.

Is it a good time to buy a house in Florida right now?

If you’re selling a home in Florida this year, the odds are good that you’ll come out ahead financially. Real estate prices and mortgage rates are rising, and the few affordable houses that remain are being snapped up like sardines. If you want to buy in this market, now’s not the time to buy.

Is Tampa a hot real estate market?

It’s no secret Tampa has been one of the hottest housing markets.