Tampa Real Estate Trends

The Tampa-St. Petersburg-Clearwater metro housing market shows 53.78% of active listings have reduced prices, yet homes sell 14 days faster than the statewide median, according to the latest market data for the week ending Oct. 31, 2025. This divergence from Florida’s broader market patterns signals a region where sellers are adjusting more quickly to buyer expectations.

The metro’s median days on market sits at 84 days, compared to Florida’s 98-day median and the national median of 77 days. Despite widespread price reductions, Tampa’s median list price of $455,000 remains below the state median of $480,000, while the price per square foot of $254.08 edges above Florida’s $249.41.

Inventory and pace

Tampa’s housing inventory totals 12,013 active single-family homes, with 631 new listings entering the market. The market absorbed 905 homes, outpacing new inventory by 274 units. This absorption rate translates to 3.2 months of supply, below Florida’s 3.5 months and above the national figure of 2.9 months.

The 4.69% relisted rate indicates most properties sell on their first market appearance. Meanwhile, only 2.02% of active listings increased prices during the week, showing minimal upward price pressure.

Pricing dynamics

The high percentage of price cuts at 53.78% reflects sellers’ responsiveness to market conditions. Tampa’s median list price of $455,000 sits 5.2% below the state median, offering relative affordability within Florida’s expensive housing landscape.

However, the metro’s price per square foot tells a different story. At $254.08, Tampa homes cost more per square foot than the state average of $249.41 and significantly exceed the national average of $213.14.

What to watch

The market maintains neutral conditions, balancing between buyer and seller advantages. Key metrics to monitor include the 84-day median days on market, which could indicate whether the current sales pace sustains. The 53.78% price reduction rate serves as a barometer for seller flexibility. Additionally, tracking whether the 3.2 months of supply tightens or loosens will signal market direction.

Use the 53.78% price cut rate to advise sellers on competitive pricing strategies. Track the 84-day median to set realistic timeline expectations for clients. Monitor the weekly absorption rate of 905 homes against new listings to anticipate inventory shifts.

HousingWire used HW Data to source this story. To see what’s happening in your own local market, generate housing market reports. For enterprise clients looking to license the same market data at a larger scale, visit HW Data.