Aerial view of Bayshore Boulevard along Hillsborough Bay in Tampa

About this report: Updated October 20, 2026. Metro figures are for September 2026 and cover the Tampa–St. Petersburg–Clearwater metro area (Hernando, Hillsborough, Pasco, and Pinellas counties), as released by Florida Realtors® on October 16, 2026. County figures are for August 2026, the most recent county reports publicly available when this update was written. All figures are area-wide and don't describe any single neighborhood.

Where the Tampa Bay Market Stands Right Now

Tampa Bay's housing market is holding steady on price while sales have slowed. In September 2026, 2,938 single-family homes sold across the Tampa–St. Petersburg–Clearwater metro area, down 7.7% from September 2025, and the median sale price held at $400,000, up 0.5%. Mortgage rates are noticeably higher than a year ago, and that's shaping how buyers and sellers approach the market right now.

Prices: Holding Steady

Here's where prices stand across the metro area:

For comparison, Florida's statewide single-family median was $415,000 in September 2026, up 1.2% from a year earlier.

These are metro-wide medians. Prices in Brandon, Wesley Chapel, South Tampa, or St. Petersburg can look very different, so if you're weighing a specific neighborhood, ask Luke to pull recent comparable sales for that area.

Condo prices vary just as much by building as by neighborhood. If you're looking at condos on the water, our waterfront condo buyer's guide covers the inspections, reserves, and insurance questions to answer before you buy.

Inventory and Pace by County (August 2026)

September county reports weren't publicly available when this update was written, so these figures are from August 2026. They cover single-family homes only and compare with August 2025:

All three counties had fewer homes for sale than a year earlier. In Hillsborough and Pinellas, homes also went under contract faster, while Pasco had slightly more supply and a slightly slower pace. Statewide, Florida had 4.4 months of single-family supply in September 2026, down from 5.1 a year earlier.

What this means for buyers: There are fewer homes to choose from than last year, but in August, sellers in these three counties received a median of roughly 95% to 97% of their original list price, so many homes still leave room to negotiate. Don't skip the inspection, don't waive contingencies, and don't overpay out of fear.

Interest Rates: The Elephant in the Room

Rates remain the biggest factor shaping buyer behavior. Freddie Mac's weekly survey put the average 30-year fixed rate at 7.40% as of October 15, 2026, up from 6.27% a year earlier. Many potential move-up buyers are effectively "locked in" to their current homes by the low rates of 2020–2021, which helps explain why inventory remains tight. Use our free Mortgage Calculator to see what current rates mean for your monthly payment.

What Sellers Need to Know

The days of pricing high and letting bidding wars sort it out are largely over in most Tampa Bay markets. Today's successful sellers are pricing accurately from the start, presenting their homes well, and being realistic about offers. A professional Comparative Market Analysis — which we do personally for every seller — is more important than ever.

Thinking about selling? Request a free, no-obligation home valuation. We'll walk you through what your home is worth and how to position it for the best result.

The Bottom Line

Tampa Bay's market has settled into a steadier rhythm: prices are roughly flat, there are fewer homes for sale than a year ago, and higher rates are weighing on sales. That's good news for thoughtful buyers and realistic sellers.

If you have questions about what's happening in your specific neighborhood, reach out — we're always happy to talk through the numbers with you.

Sources

This report is updated as new monthly data is released.

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