TAMPA BAY AREA MARKET STATISTICS

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Hillsborough County Statistics

  • Median Prices of Single-Family Homes sold for $445,000 in August 2023, a 6.5% increase compared to the same month last year. In August 2022, single family homes sold for $418,000.
  • Median Prices of Townhouses & Condos – In August 2022, prices were $282,500. However, in August 2023, prices are now $312,500 indicating a 10.6% increase.
  • Inventory for Single Family Homes fell by 22.3%. Inventory in August 2022 reflected 3,637 homes for sale, however, inventory in August 2023 reflects 2,827 homes for sale.
  • Inventory for Townhouses and Condos grew by 8.6%. Inventory in August 2022 reflected 888 listings, however, inventory in August 2023 reflects 964 listings.
  • Total sales for Single Family Homes in August 2022, was 1,548. In August 2023, total sales for single family homes decreased to 1,416, a 8.5% decrease.
  • Total sales for Townhouses and Condos in August 2022, was 491. In August 2023, total sales for single family homes decreased to 422, a 14.1% decrease.

Pinellas County Statistics 

  • Median Prices of Single-Family Homes sold for $478,968 in August 2023, a 10.1% increase compared to the same month last year. In August 2022, single family homes sold for $435,000.
  • Median Prices of Townhouses & Condos – In August 2022, prices were $290,000. However, in August 2023, prices are now $305,000 indicating a 5.2% increase.
  • Inventory for Single Family Homes fell by 13.8%. Inventory in August 2022 reflected 1,853 homes for sale, however, inventory in August 2023 reflects 1,597 homes for sale.
  • Inventory for Townhouses and Condos grew by 50.7%. Inventory in August 2022 reflected 1,255 listings, however, inventory in August 2023 reflects 1,891 listings.
  • Total sales for Single Family Homes in August 2022, was 1,010. In August 2023, total sales for single family homes decreased to 850, a 15.8% increase.
  • Total sales for Townhouses and Condos in August 2022, was 655. In August 2023, total sales for single family homes increased to 659, a 0.6% increase.

Pasco County Statistics 

  • Median Prices of Single-Family Homes sold for $394,000 in August 2022. In August 2023, single family homes sold for $394,990, a 0.3% increase.
  • Median Prices of Townhouses & Condos – In August 2022, prices were $291,500. However, in August 2023, prices are now $289,005 indicating a 0.9% decrease.
  • Inventory for Single Family Homes fell by 15.1%. Inventory in August 2022 reflected 1,943 homes for sale, however, inventory in August 2023 reflects 1,649 homes for sale.
  • Inventory for Townhouses and Condos grew by 14.9%. Inventory in August 2022 reflected 377 listings, however, inventory in August 2023 reflects 433 listings.
  • Total sales for Single Family Homes in August 2022, was 973. In August 2023, total sales for single family homes decreased to 915, a 6.0% decline.
  • Total sales for Townhouses and Condos in August 2022, was 228. In August 2023, total sales for single family homes increased to 280, a 22.8% increase.

Sources:

https://pinellasrealtor.org/market-statistics/

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