South Tampa Housing Market Report March 2025•Hillsborough County, Florida

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Housing Prices in South Tampa, FL

How much do homes in South Tampa, FL cost?

Housing Market Conditions

Is South Tampa, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

South Tampa is a Buyer's Market

Difference Since March 2024

At the same time last year, South Tampa was a Seller's Market.

Insight

South Tampa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$745,891$391/SqFt
+$97,812
+15.1%

Based on all homes sold in the last 12 months

Insight

Homes in South Tampa have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in South Tampa was $745,891 in March 2025, up 15.1% from last year, and the median price per square foot was $391.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
South Tampa
+15.1%
Fair Oaks / Manhattan Manor
+9.5%
Bel Mar Gardens
+5.2%
Bayside West
+2.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$230K$231K
0.4%
2$370K$434K
+17.3%
3$599.7K$648.1K
+8.1%
4$895.9K$1.0M
+13.1%
5$1.7M$2.0M
+11.6%

Summary: South Tampa housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by 0.4%. The home price for 2 bedroom homes increased by +17.3%. The home price for 3 bedroom homes increased by +8.1%. The home price for 4 bedroom homes increased by +13.1%. The home price for 5 bedroom homes increased by +11.6%.

How does South Tampa, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

South Tampa, FL

Housing supply in South Tampa, FL

How many homes are available in South Tampa, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,088Last MonthMar 2025
9872 months agoFeb 2025
+10.2 %
Change MoMFeb – Mar

Summary: The South Tampa real estate market had 1,088 homes for sale in Mar 2025, a 10.2 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
141Last MonthMar 2025
1462 months agoFeb 2025
-3.4 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
16071
+18.3%
2197209
+6.1%
3362408
+12.7%
4223238
+6.7%
5145162
+11.7%

Summary: South Tampa housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +18.3%. The inventory for 2 bedroom homes increased by +6.1%. The inventory for 3 bedroom homes increased by +12.7%. The inventory for 4 bedroom homes increased by +6.7%. The inventory for 5 bedroom homes increased by +11.7%.

Asking Price vs. Sold Price

How much do homes in South Tampa, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price12 Homes

At Asking Price32 Homes

Under Asking Price97 Homes

Insight

If you're buying a home in South Tampa, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 141 homes were sold or pending in South Tampa in March 2025, down by 3.4% month-over-month. Of the 141 sold homes, 69% were sold under asking, 23% were sold at asking, and and 9% were sold over asking.

Days on Market for South Tampa, FL

How long does it take to sell a home in South Tampa, FL?

Breakdown of Home Sale Times

Under 30 Days55 Homes

30 – 90 Days39 Homes

Over 90 Days47 Homes

Insight

Many homes in South Tampa are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 141 homes were sold in South Tampa; 39% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
75 DaysThis YearMar 2025
54 Days1 year agoMar 2024
+39.3 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in South Tampa had an average listing age of 75 days in Mar 2025, up by 39.3% compared to the previous year.

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Newest Listings in South Tampa, FL

What homes are available in South Tampa, FL?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Stellar MLS, Miami MLS, and Space Coast MLS for the period 04/01/2023 - 04/01/2025

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 11:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 12:50:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.