What is the average house price in Tampa Florida?

The average home prices vary as to the type of home. However if you group them all together you can get an overall feel for the market. The median sale price over the previous 30 days was $429,900. Keep in mind the actual price of the home monthly will often include condo or association fees.

Tampa Florida

Single Family Home Prices

By far the majority of Tampa housing market is made up of single family homes The median home price for one in the previous 30 days was $470,000. Tampa's real estate market has been slowing and the amount of homes on the market have been increasing.

Condos In The Tampa Housing market

Condos are a little bit different. Looks can be deceiving with the housing market. Some condos have a small condo fee and come with very few benefits. Others have a large condo fee but the units initially cost similar prices. That being said, the median sale price for a condo in Tampa over the previous 30 days was $275,000 and about 4 of them sell each day on the Tampa real estate market.

Townhomes & The Tampa Housing Market

A growing class of beautiful townhomes has showed up in the previous few years. Gone are the days of the small cheap townhomes. We recently sold one for nearly a million dollars in Hyde Park. The townhome portion of the Tampa real estate market is fairly small with only around 3 being sold each day. In the previous 30 days there were 120 sales with a median sale price of $390,000.

The Tampa Housing Market Forecast

I believe that unless we see the stock market decline significantly that the interest rates will continue to rise. The dynamics of the interest rate are global and sadly that has an effect on our housing market. Thankfully many people from countries around the world are seeking property in Central Florida. Prices may wobble and even decrease but long term property will prevail and the price will increase as will the median household income.