Here are the latest real estate statistics in Tampa, FL as of March 2020.
The average home value in Tampa is $251,400, an increase of 5.3% over 2019
Home values in Tampa are predicted to rise by only 0.4% during 2020
The median list price per square foot in Tampa is $199, which is higher than the Tampa metro area average of $148
The average home in Tampa spends about 83 days on the market before being sold
After a lot of growth, home values in Tampa are not predicted to increase as quickly as they did in 2019 and the years before.
However, homes in the area continue to maintain these high values, so the overall market outlook is strong. In addition, the market is very hot, so sellers are able to sell homes relatively quickly because of the amount of buyers compared to homes available.
For buyers however, this means that buying a home is competitive in Tampa, so waiting when you find a home you like isn’t recommended.