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Tampa, FL
Housing Market

The Tampa housing market is somewhat competitive. Homes in Tampa receive 2 offers on average and sell in around 25 days. The median sale price of a home in Tampa was $497,000 last month, up 11.7% since last year.

Tampa Market Trends

It’s still a good market to sell in Tampa.

Even though the market has shifted in across the U.S., Tampa is still a good market to sell your home.

3.5%
The average home value in Tampa has increased slightly by 3.5%.
$386K
The median sale price for a home in Tampa has remained strong at $385,903.

Tampa Real Estate

Learn more about the Tampa market

In the last 30 days, homes for sale in Tampa, FL sold for a median price of $497,000, up 11.7% compared to the same period last year. The median price per square foot was $294, down 3.8% year-over-year. There were 593 homes sold, down from 610 last year.

Cynthia Acquisition Manager

Meet Cynthia

Cynthia is an expert in pricing homes in Florida. After a short conversation with you he will be able to provide the best offer to help you sell your house fast.

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By requesting and offer you're confirming that you agree with our Terms and Conditions.
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How to Sell Your Home in Tampa

Selling your home in Tampa can be challenging, especially in a market that’s beginning to cool down. However, with the right strategy, you can sell your home smoothly, quickly, and without costly mistakes. For those who aren’t fond of showing your house over and over or paying agent commissions, our services can help you sell fast.

Step 1: Find the Value of Your Home

Knowing the value of your home is crucial, especially in a fluctuating market like Tampa’s. Use online valuation tools or get a professional appraisal to set a competitive price. Consider the unique characteristics of Tampa neighborhoods when pricing your home. For example:

  • Tampa Heights: A historic neighborhood with a mix of restored bungalows and new developments, with a median ZHVI of $447,343.
  • Ybor City: Known for its rich history and vibrant nightlife, with a median ZHVI of $298,855.
  • Riverside Heights: A desirable area with scenic river views, with a median ZHVI of $521,601.

Step 2: Decide Your Move-Out Date

Planning your move-out date helps streamline the selling process. It ensures you are ready to vacate once your home is sold. In Tampa, market conditions can vary by season, and natural disasters like hurricanes can impact both timing and prices. Late spring and early summer are often the best times to sell due to higher buyer activity, but it’s essential to stay flexible.

Step 3: Market Your Property

Effective marketing is key, particularly in a market where homes are taking longer to sell. Use high-quality photos, create compelling listings, and consider virtual tours. Highlight your home's best features, such as proximity to Tampa’s top attractions like the Riverwalk, Bayshore Boulevard, or the historic districts. If your home is in a high-risk flood zone, be transparent about it, but also emphasize any protective measures you’ve taken, such as updated storm windows or a newer roof.

Step 4: Open Title and Start Due Diligence

Opening title and starting due diligence early can prevent delays. Ensure all paperwork is in order and address any potential issues. Working with a local Tampa title company can expedite the process as they are familiar with the specific challenges of the area, such as navigating insurance requirements and flood zone regulations.

Step 5: Close and Transfer the Property

Once you have a buyer, finalize the sale. This includes signing the necessary documents and transferring ownership. In Tampa, sellers may need to be more flexible on price or offer incentives like covering closing costs to close the deal, especially in a cooling market.

Step 6: Pay Any Taxes Due

Don’t forget about taxes. Ensure all property taxes and any other dues are paid to avoid complications during the sale. Florida’s property taxes can vary widely, especially with factors like homestead exemptions. Be sure to calculate any potential capital gains taxes if your home has significantly appreciated in value.

Request your custom offer today

A robot doesn’t understand what makes your homes special. Our Florida team is standing by to draft the perfect offer today.

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Sell your Tampa home

Request a competitive offer

Step 1

Share unique details about your Tampa home

Tampa houses can be in the same neighborhood and vary in price by more than $125,000. Frontdoor will use more than bed and bath count to determine the true value of your home, and give you the best offer we can.

Step 2

Compare to other homes in your neighborhood

Anyone that has driven through Tampa knows that a home in Ybor CIty is very different to a home in Tampa Palms. Frontdoor will verify the value of your home by finding comparable recently sold homes in the same neighborhood.

Step 3

Speak to an Tampa market expert

It takes someone that understands what makes Tampa special to put together the best offer for your home. Speak to one of our local experts to finalize your offer.

Comparison

Why you’ll love working with us

Let’s compare the sale of a $380,000 home in Tampa, Florida.

Traditional Sale Frontdoor
Commission & Fees $22,800 $0
Closing Costs $7,600 $0
We pay all costs
Repair Costs $17,100 $0
We pay all costs
Days on Market 44 Days Immediate Offer
Total Savings Save $47,500

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