Are Houses Expensive In Tampa Florida?

Yes houses are expensive in Tampa Florida. Not all of Tampa has expensive houses. There are parts of the city which have houses costing less than the national average home price or the average home prices in Florida. Most people can afford to live in the city or area.

Tampa FL

The Tampa Housing Market-Tampa's Real Estate Market

As of today the median price of a home on the Tampa Housing Market is $420,000. That is slightly over the median home price in America and I do mean slightly or around $20,000. The Median sale price of single family home over the previous 2 weeks was $435,000 and 493 of them sold. The median sale price of a condo was $248,000 and 130 sold. And finally the median sale price of a Townhome on the Tampa housing market was $350,000 and 106 of them sold in the previous 2 weeks.

Tampa Housing Market Forecast

The real estate market here has slowed slightly. If interest rates continue to rise from what is very close to the historical norm which it is right now then expect the following. More homes from the Tampa housing supply will be placed on the market, homes will be on the market longer and prices will decrease. The Tampa housing market will fare better than the national average.

Tampa Real Estate Market & Florida Housing market

Should you purchase a home in Tampa FL? Is it going to remain a seller's market? Will the Tampa area still be under high demand? A median home price is the key in Tampa Bay. There are so many people looking in Tampa FL that a median price home will always sell quickly if the home looks right, is marketed right and is priced correctly. Just be cautious in the Florida housing market. Contact us when you are looking to move to Tampa FL.