Tampa/Hillsborough County Real Estate Market Trends – The Last 90 Days

If you’ve been keeping an eye on the Tampa/Hillsborough County real estate scene lately, you know it’s been anything but quiet. Over the past 90 days, the market has seen a blend of shifting dynamics and opportunities—especially for those thinking about buying or selling for the first time.

4 Key Trends in the Hillsborough County Market Shift

Let’s look at the hard data for the last three months, showing how the market is moving from a seller’s dominance to a more balanced environment:

• Median Price Holding Steady: The **Hillsborough County median sales price is holding strong at $395,000**. However, while the price remains high, price gains have stabilized compared to last year’s pace.
• Inventory & DOM Shift: The market has seen a clear increase in buyer choice. Homes are taking longer to sell, with the **Median Days on Market (DOM) now at 48 days** in Hillsborough County. This is a crucial sign that the market has shifted from 'red-hot' to balanced.
• Buyer Negotiation Power: The broader Tampa area is now categorized as a **buyer's market**, with **6.3 months of housing supply** available. This shift gives buyers more negotiating power, and price cuts are now common (around **36.8%** of listings in Tampa have seen drops).
• Interest Rate Watch: Mortgage rates remain a major topic. Some buyers are pausing, hoping for a dip, while others are locking in rates before any potential increases.

Local Impacts: What the Data Means for Carrollwood Sellers

This market shift is clear in our key neighborhoods:

• **Carrollwood Market Time:** The **Carrollwood** market saw its Median Days on Market jump to **40 days**. Buyers are no longer rushing blindly, but are focused on value and inspection contingencies.
• **Price Disparity:** The median sales price for the broader **Carrollwood market** is **$360,000**, but can climb to **$441,500** in specific subdivisions like Carrollwood Village. This huge disparity shows why working with a local expert is critical for pricing.
• **High-Demand Areas:** Neighborhoods like **South Tampa** and **Westchase** are likely to remain highly competitive thanks to their schools and amenities.

If you’re thinking about selling or buying in Tampa or Hillsborough County, the past 90 days have shown that timing, preparation, and local knowledge are more important than ever.