Tampa has a diverse economy, with industries ranging from finance and retail to real estate and healthcare. The city also has a thriving tourism industry, attracting visitors from all around the world. Tampa boasts a vibrant arts & entertainment scene, a booming sports scene, and many lucrative job and housing opportunities.
The population in Tampa continues to grow every year, thanks to its wide range of attractive amenities. The Tampa real estate market is booming, with many new residents and investors buying properties in the city. Most of the city’s residents (52%) rent their homes, but there is also a large percentage (48%) of the population that own their homes.
The median home listing price in Tampa is $297K, at $173 per square foot. The real estate market is very competitive here, and many homes receive multiple offers. Typically, homes close for 1.9% below the list price after spending an average of 23 days on the market. Hot homes usually sell around the list price, though, and spend only 5 days on the market.
Davis Islands remains the most expensive neighborhood in Tampa, with a median listing price of $1.3M. On the other hand, if you are looking for cheaper homes, East Tampa is the most affordable neighborhood. The median listing price in East Tampa is $172K.
Purchasing a property is one of the most significant investments anyone can make. Therefore, it is important to approach it with the proper knowledge and tools. For many residents and investors, understanding the real estate market can be troublesome. After all, house hunting can be an art form, and negotiation skills are paramount to mastering the process. This is where professional real estate services come in. Whether you are looking to buy a house or sell your property, you need expert help.
Hide Text