Tampa Palms Housing Market Report December 2024•Hillsborough County, Florida

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Housing Prices in Tampa Palms, FL

How much do homes in Tampa Palms, FL cost?

Housing Market Conditions

Is Tampa Palms, 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

Tampa Palms is a Neutral Market

Difference Since December 2023

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

Insight

Tampa Palms is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$500,000$228/SqFt
+$100,500
+25.2%

Based on all homes sold in the last 12 months

Insight

Homes in Tampa Palms have sold for 25.2% more than they did a year ago.

Summary: The median home sold price in Tampa Palms was $500,000 in December 2024, up 25.2% from last year, and the median price per square foot was $228.

Median Sold Price By City

Median Sold Price By City
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
Tampa Palms
+25.2%
New Tampa
+2.8%
Richmond Place
-3.5%

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.
BedsDec 2023Dec 2024Change YoY
1$175K$160K
-8.6%
2$234.5K$224.7K
-4.2%
3$399K$425K
+6.5%
4$660K$675K
+2.3%
5$795K$775K
-2.5%

Summary: Tampa Palms housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -8.6%. The home price for 2 bedroom homes decreased by -4.2%. The home price for 3 bedroom homes increased by +6.5%. The home price for 4 bedroom homes increased by +2.3%. The home price for 5 bedroom homes decreased by -2.5%.

Housing supply in Tampa Palms, FL

How many homes are available in Tampa Palms, 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
49Last MonthDec 2024
562 months agoNov 2024
-12.5 %
Change MoMNov – Dec

Summary: The Tampa Palms real estate market had 49 homes for sale in Dec 2024, a 12.5 % decrease compared to Nov 2024.

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
7Last MonthDec 2024
122 months agoNov 2024
-41.7 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
143
-25.0%
21412
-14.3%
3139
-30.8%
41719
+11.8%
586
-25.0%

Summary: Tampa Palms housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes decreased by -14.3%. The inventory for 3 bedroom homes decreased by -30.8%. The inventory for 4 bedroom homes increased by +11.8%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in Tampa Palms, 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 Price0 Home

At Asking Price3 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Tampa Palms, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Tampa Palms in December 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and and 0% were sold over asking.

Days on Market for Tampa Palms, FL

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days4 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Tampa Palms has remained consistent over time.

Summary: During December 2024, 7 homes were sold in Tampa Palms; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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
48 DaysThis YearDec 2024
40 Days1 year agoDec 2023
+18.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Tampa Palms had an average listing age of 48 days in Dec 2024, up by 18.6% compared to the previous year.

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Newest Listings in Tampa Palms, FL

What homes are available in Tampa Palms, FL?

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MLS Disclaimers and Copyright

Based on information from Stellar MLS, for the period 01/01/2023 - 01/01/2025

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.

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: 1/30/2025, 10:20:11 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.