Is Tampa, FL 33616 a buyer’s or seller’s market?

The Tampa housing market right now

In the three months ending August 31, 2026, 12% of homes in Tampa, FL 33616 sold above their list price, the typical home went under contract in 37 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 78 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (47 days then) and the median sale price fell 11% to $422,317. Overall, Tampa is more competitive than a year ago, so tougher for buyers.

Within Hillsborough County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 51%. On our competition score, Tampa ranks #142 of 796 FL ZIP codes with enough sales (score 32 out of 100).

Nearby, buyers who want less competition could look at Tampa 33609 (1% sold over asking) or Tampa 33606 (4% sold over asking), while Lutz 33559 (25% sold over asking) and Tampa 33619 (22% sold over asking) are even more competitive.