Tampa Housing Market: Trends & Prices (2025)
Tampa Real Estate Market Overview
(Last Updated – 04/2025)
When we think of Tampa, we think of fun. This Florida city brims with attractions, arts and culture, business, and sports. Tampa is home to the famed Busch Gardens theme park, an aquarium and zoo, and the popular Riverwalk.
Naturewise, there are plenty of parks, dog parks, greenways and trails, skate parks, water activities, and marinas. Sports fans in the Tampa Bay area can root for the Buccaneers, Lightning, and Rays.
Tampa is the 53rd largest city in the United States and the 3rd largest city in Florida, which may be why it has so much to offer. That said, if residents need to get away, Tampa International Airport and the Port of Tampa, a popular spot for those looking to board a cruise ship, will get them where they need to go.
The average home value in Tampa is $374,105, according to Zillow, with home prices down 1.3% over the past year. In comparison, the average price in the U.S. is currently lower than Tampa at $357,138, which is up 2.6% from the previous year.
If you’re thinking of moving to Tampa or buying property in Tampa, you’ll want to check out our assessment of the home-buying, demographic, and market trends in the area.
Overall Tampa Market Trends
Tampa is currently in a cooling period after years of rapid growth. However, according to U.S. News & World Report, it’s still considered a hot housing market, ranking #14 in the nation as of 2025.
As U.S. housing markets go, the industry pros at Redfin consider Tampa to be a somewhat competitive one. Some homes for sale receive multiple offers. Listings typically sell for around 4% below list price and stay on the market for only about 45 days.
$449,950
Median Sale Price
$290
Median Price Per Square Foot
45 days
Median Time on Market
Tampa Housing Market Forecast
For those thinking of buying in the Tampa real estate market, it can be helpful to look at some key demographics.
For example, Tampa’s median home price was down 1.3% in the past year, according to Zillow. However, home prices are still slightly higher than the national average of $357,138. Nonetheless, the Tampa housing market is still considered more affordable than other real estate markets in the country, especially when compared with other cities in Florida.
The city has also seen an increase in inventory of active listings. With competitive pricing and homes going to pending somewhat quickly, buyer demand is evidently strong. Real estate experts also predict a continued increase in home values.
Demographics of the Tampa Market
Tampa is the third largest city in Florida and is on the state’s west coast. Residents enjoy an average annual temperature of a balmy 73 degrees. As of 2025, Tampa’s population is 413,657, with an annual growth rate of 1.26%.
Tampa’s workforce is supported by thriving industries such as health care, finance, education, tourism, and technology. Major employers in the region include BayCare Health System, JPMorgan Chase, the University of South Florida, and several defense contractors. The strong job market, paired with relatively affordable housing compared with other major coastal cities, continues to make Tampa an appealing location for both new residents and investors.
Take a look at the demographics of the overall Tampa housing market before perusing popular Tampa neighborhoods.
Median Household Income: $71,302
Median Age: 35.5
College Educated: 44.6%
Homeowners: 50.2%
Married: 40.7%
Popular Tampa Neighborhoods
Tampa features bustling urban-style neighborhoods with great restaurants and nightlife, suburban family-friendly neighborhoods, and areas with historical charm.
Here are details about five popular Tampa neighborhoods and what their real estate markets look like.
Harbour Island
Harbour Island is an upscale, waterfront neighborhood located just south of downtown Tampa, offering a blend of luxury living and urban convenience. Connected to the city by the Harbour Island Bridge and the Riverwalk, this exclusive community features high-rise condos, townhomes, and private estates, many with stunning views of Tampa Bay and the city skyline.
Residents enjoy a tranquil, resort-like atmosphere while being just minutes from top attractions like Amalie Arena, Sparkman Wharf, and the Tampa Convention Center. The neighborhood boasts gated communities, private marinas, and lush landscaping, along with walkable access to shops, fine dining, and scenic waterfront trails.
Quick Facts
Population:
17,631
Median Age:
36.3
Housing Units:
11,063
Bike Score:
49/100
Walk Score:
49/100
Transit Score:
44/100
Median Household Income:
$129,027
Harbour Island Housing Market
The Harbour Island housing market is somewhat competitive, with some homes receiving multiple offers. Homes typically sell for around 3% below list price and stay on the market for roughly 36 days.
Median Sale Price
$763,912
Median Price Per Square Ft.
$456
Palma Ceia
For a taste of Europe, try Palma Ceia. This charming neighborhood is beloved for its European-style brick streets and arts scene, and there are plenty of cafes, coffee shops, and chic boutiques to choose from.
Families are drawn to Palma Ceia for its highly rated public schools. The community exudes a friendly and welcoming atmosphere, making it a desirable place to live for those seeking a blend of historical charm and modern conveniences in Tampa.
Quick Facts
Population:
26,625
Median Age:
40.4
Housing Units:
11,192
Bike Score:
59/100
Walk Score:
65/100
Transit Score:
33/100
Median Household Income:
$223,527
Palma Ceia Housing Market
The median sale price in Palma Ceia was up 14.6% in February 2025 compared with last year, but the median sale price per square foot dropped 5.5% in the same time frame.
On average, Palma Ceia homes sell for about 2% below list price, with many homes receiving multiple offers. Typical homes go pending in around 56 days, and in-demand homes can go pending in 11 days in this very competitive housing market.
Median Sale Price
$1.1 mil
Median Price Per Square Ft.
$467
North Hyde Park
North Hyde Park is a dynamic, up-and-coming neighborhood that blends historical charm with modern development. Located just west of downtown and adjacent to the University of Tampa, this area is gaining popularity among young professionals, students, and families seeking proximity to the city’s core without the high price tag of neighboring South Tampa.
Residents enjoy easy access to the Riverwalk, trendy restaurants, coffee shops, and cultural spots. With its walkability, growing amenities, and a strong sense of community, North Hyde Park is quickly becoming one of Tampa’s most desirable places to live.
Quick Facts
Population:
2,011
Median Age:
34
Housing Units:
958
Bike Score:
66/100
Walk Score:
79/100
Transit Score:
36/100
Median Household Income:
$132,851
North Hyde Park Housing Market
If prospective buyers find a home they love in North Hyde Park, they may need to move quickly. Typically, homes sell in around 27 days for 4% below list price. Some receive multiple offers.
Median Sale Price
$799,990
Median Price Per Square Ft.
$356
West Meadows
West Meadows is a master-planned community located in the New Tampa district of Tampa, Florida. Situated northeast of downtown Tampa, it offers residents a suburban environment with convenient access to urban amenities.
The neighborhood is comprised of twelve distinct villages, each featuring a variety of housing options, including single-family homes, townhomes, and maintenance-free villas, with both gated and nongated configurations.
Quick Facts
Population:
4,736
Median Age:
32.6
Housing Units:
1,400
Bike Score:
71/100
Walk Score:
89/100
Transit Score:
63/100
Median Household Income:
$161,019
West Meadows Housing Market
In this somewhat competitive market, some homes receive multiple offers and sell in around 45 days.
Despite the competitiveness, homebuyers may be able to score a deal. On average, West Meadows area homes sell for about 4% below list price.
Median Sale Price
$335,000
Median Price Per Square Ft.
$194
Oakford Park
Oakford Park is a historic neighborhood that features a mix of architectural styles, including mid-century homes and newer construction. Residents enjoy a sparse urban feel, with numerous bars, restaurants, coffee shops, and parks contributing to a vibrant community atmosphere. The population is diverse, encompassing young professionals, families, and retirees.
Oakford Park is both family-friendly and dog-friendly. Residents appreciate the convenient location, which offers access to various amenities and highly rated public schools.
Quick Facts
Population:
3,201
Median Age:
40
Housing Units:
1,625
Bike Score:
70/100
Walk Score:
62/100
Transit Score:
35/100
Median Household Income:
$134,977
Oakford Park Housing Market
In the past year, the median home price in this neighborhood rose by 13.9%.
The Oakford Park housing market is very competitive. Homes are pending within eight days, on average, and typically sell for 3% below list price.
Median Sale Price
$695,000
Median Price Per Square Ft.
$341
SoFi Home Loans
It’s easy to see why Tampa has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from whether you’re young and single or have a family to look after.
If you think Tampa could be your home sweet home, then you may need to consider your mortgage financing options.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
What is the current trend in Tampa home prices?
After years of rapid growth, Tampa is currently in a cooling period. Housing inventory is slightly increasing, and home prices are selling below list price. However, homes still don’t stay on the market long and are typically pending quickly compared with other areas.
Is Tampa a buyer’s or seller’s market right now?
As of 2025, Tampa is a balanced market leaning slightly more toward a buyers market due to increased inventory. However, well-priced homes often receive multiple offers, especially in desirable school districts and centrally located neighborhoods.
How does Tampa’s cost of living compare to other Florida cities?
Tampa’s cost of living is generally lower than cities like Miami and Orlando, but higher than inland cities such as Lakeland or Ocala. Housing remains the largest cost factor for residents.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
SOHL-Q125-208