Tampa Housing Market

By Lisa McNatt

Tampa home prices are up amid rising inventory, with luxury condos experiencing a surge in buyer interest

Home sale prices in Tampa increased by 2.7% in February compared to the same month the prior year. Active listings are up across most property segments, and the market ranks in the top 10 nationwide for sales volume.

Tampa’s median home price rises in February, but still ranks in the bottom half of the 40 largest US markets

The median home price in Tampa increased by $10,095 year over year to $379,995 but remained above the U.S. median price of $375,885. Single-family home prices rose modestly by 0.5%, while townhome prices fell slightly, but condo prices are up significantly year over year by nearly 28%. Most of the increase is attributable to a surge in demand for higher-end luxury condo units in coastal areas, where low-maintenance living is attractive for business executives, affluent retirees, and seasonal residents.

Tampa ranks in the top five US markets for active listings

The number of active listings in Tampa has risen to 21,860 as of February, an annual change of 7.4%. Tampa ranked behind only Houston, Dallas-Fort Worth, Atlanta, and Phoenix for the number of active listings. The year-over-year growth rate of active listings in Tampa is double that of Orlando over the last 12 months. Mirroring median price trends, condo listings drove most of the growth in active inventory, rising 19.2% year over year.

Tampa ranks seventh in the US in February for home sales

Tampa ranked seventh nationally with 3,668 home sales in February. However, the February sales volume declined by 7.7% year over year, marking the fourth time in the past five years that year-over-year sales volume in February trailed the previous year. Home sales in February also reached their lowest point since 2014, primarily due to a slower sales pace in single-family homes.


Horizontal bar chart comparing February active listings across major U.S. markets, with Tampa ranking fifth nationally.
With 21,860 active listings, Tampa ranked 5th among the top 40 U.S. markets, ahead of Miami and Orlando but behind Houston and Dallas–Fort Worth.


Tampa Sale Prices

Tampa’s median sale price reached $379,995 in February after rising by 2.7% year over year. In contrast, the median national price rose a marginal 0.2%.

Home sale prices in Tampa rise by 2.7% in February compared to the same month last year

Prices rose by 2.7% in February compared to the year prior as the market contended with an extended pricing correction following several years of rapid price appreciation. Single-family homes saw a slight rise in the median home price of 0.5%, with townhomes down a modest 1.0%, while condo pricing increased considerably by 27.9%.

Condo pricing rises significantly, driven by a surge in luxury demand

Single-family and townhome sale prices have been largely flat over the past year, but condo prices have risen by 27.9%, due in large part to an increase in the number of luxury units sold in the last 12 months. As a result, Tampa ranked among the top 10 U.S. markets in the nation for the annual change in prices in February.

Tampa is the highest ranked Sun Belt market for annual change in home prices

Much of the recent momentum in pricing has occurred in Midwestern and coastal markets, but Tampa has joined the conversation after a median price increase of more than $10,000 in the past year. It now ranks behind the San Francisco, Saint Louis, Baltimore, Washington, D.C., Chicago, and Kansas City markets for the annual change in pricing.


Comparison chart showing Tampa versus U.S. median home prices, annual change, and national ranking through February 2026.
Tampa’s median sale price of $379,995 remains slightly above the U.S. median but ranks just 27th nationally for price performance.


Line chart showing Tampa home sale prices from 2018–2026 and declining into early 2026.
Tampa’s median home sale price has trended downward since peaking in mid-2024, settling near $380,000 in early 2026.


Area chart displaying Tampa’s annual dollar change in home sale prices from 2018 through 2026.
Annual dollar changes show Tampa posting modest price erosion, with recent declines following several years of rapid appreciation.


Column chart showing annual percent change in Tampa each February from 2018 to 2026.
By February 2026, Tampa’s median sale price held near $380,000, despite a 2.7% annual decline, signaling continued softening.


Bar chart comparing median home sale prices across 40 major U.S. markets, with Tampa ranked 28th.
With a median sale price of $379,995, Tampa ranked 28th out of 40 major U.S. markets, trailing several Sun Belt peers.


Bar chart comparing annual dollar changes in home sale prices across major U.S. markets, including Tampa.
Tampa ranked in the top tier of U.S. markets by annual percentage change in home sale prices in February.


Grouped inset boxes comparing Tampa sale prices and annual growth rates for detached, attached, and condo homes.
Condo prices posted the steepest decline, while single-family home pricing remained relatively stable compared with townhomes.


Dual chart showing Tampa median home prices and annual percent change each February from 2018 to 2026.
Condos have the lowest median price across housing types, but posted the most significant year-over-year increase in pricing.


Tampa Inventory

Tampa active listings rose 7.4% year over year as of February, to 21,860, or nominally by 1,497. That represents a more than 50% pace of expansion in active listings in the past three years.

Higher inventory levels in Tampa result in less urgency from buyers

Buyers looking for homes in Tampa in early 2026 had more options than they did just a few years ago. Across the market, condo listings rose at the fastest rate, up nearly 20% in February over the same month last year. The number of single-family homes rose by 3.3% and townhome listings increased by 2.9%.

Tampa active listings put the market in the top five nationally among major housing markets

Tampa’s active listings rose by 7.4% year over year in February, good for fifth place out of the top 40 housing markets across the U.S. The 14,924 active single-family listings in Tampa were the most since last October, and active townhome listings reached their highest point since last August. Condo listings were at their highest point in the past decade, though most of them are more than 25 years old.

Active listings in Tampa surpass the South Florida and Orlando markets

Active listings in Tampa are ahead of the Miami market by more than 1,500 and significantly surpass the fewer-than-15,000 active listings in Orlando as of February.


Chart with inset data boxes showing Tampa active home listings rising to 21,860 by February 2026.
Active listings in Tampa climbed to 21,860 homes by February 2026, placing the market 5th nationally and reflecting sustained inventory growth compared with prior years.


Bar chart showing annual change in Tampa active listings, highlighting a year‑over‑year increase of about 1,500 homes.
Tampa recorded a net increase of roughly 1,500 active listings year over year, signaling continued loosening in housing supply entering early 2026.


Area chart showing Tampa active listings up 7.4% year over year, below the U.S. average growth rate.
Active listings in Tampa increased 7.4% year over year, trailing the 14.2% national average and ranking 28th among major U.S. markets.


Column chart illustrating Tampa’s year‑over‑year change in active listings, with a 7.4% increase in February 2026.
February 2026 marked a 7.4% annual increase in active listings, continuing Tampa’s shift toward a more supply‑balanced housing market.


Horizontal bar chart comparing February active listings across major U.S. markets, with Tampa ranking fifth nationally.
With 21,860 active listings, Tampa ranked 5th among the top 40 U.S. markets, ahead of Miami and Orlando but behind Houston and Dallas–Fort Worth.


Bar chart comparing annual percent change in February active listings across U.S. markets, showing Tampa near the bottom.
Tampa ranked 34th out of 40 markets for year‑over‑year listing growth at 7.4%, underperforming many peer metros.


Grouped chart showing Tampa active listings by property type, highlighting faster condo inventory growth than single‑family homes.
Condominiums drove Tampa’s inventory growth, rising 19.2% year over year, compared with 3.3% for single-family homes and 2.9% for townhomes.


Grouped chart showing Tampa active listings by property type, highlighting faster condo inventory growth than single‑family homes.
Condos have experienced the fastest expansion in active listings, growing by more than 19% in the past year through February.


Tampa Home Sales

Tampa home sales declined by 7.7% year over year as of February compared to a drop of 3.7% across the broader U.S. housing market.

Tampa home sales are seventh in the nation among the largest housing markets

Tampa home sales totaled 3,668 in February, marking a slower pace from the 3,975 home sales during the same month last year.

Tampa home sales are strongest among single-family properties

Tampa’s single-family home segment saw the biggest jump in sales activity year over year, comprising 75% of all home sales despite a nearly 10% year-over-year decline in pricing. Comparatively, there were only 612 condo sales, but that represented a 22.4% annual increase over the same month last year, and townhome sales slowed by nearly 30%.

Tampa home sales in February lead the Florida market on a nominal basis but trail on a percentage basis

Tampa home sales ranked the market first in Florida in the month of February, although the annual change in sales ranked it fourth behind the Jacksonville, South Florida, and Orlando markets.


Bar chart showing annual change in Tampa home sales, with 307 fewer sales year over year compared with February 2025.
Tampa recorded a net decline of 307 home sales year over year and ranking 35th among major U.S. markets.


Column chart showing Tampa home sales from 2018–2026, declining to 3,668 sales in February 2026, down 7.7% year over year.
Home sales in Tampa totaled 3,668 transactions in February 2026, reflecting a 7.7% year-over-year decline and ranking 27th nationally for annual sales growth.


Area chart showing Tampa home sales down 7.7% year over year in February 2026, lagging many comparable U.S. markets.
Home sales in Tampa fell 7.7% year over year, a sharper decline than the U.S. average and placing the market in the bottom third nationally.


Column chart showing year-over-year percentage change in February home sales, with Tampa down 7.7% in 2026.
February sales declined 7.7% year over year, marking one of the weaker February performances of the past decade.


Column chart showing February home sales by year in Tampa, declining from prior highs to 3,668 sales in 2026.
February home sales remain well below pandemic-era peaks, with 3,668 closings, continuing a multi-year normalization trend.


Bar chart comparing annual percent change in February home sales across U.S. markets, with Tampa down 7.7%.
Tampa's year-over-year decline in sales of 7.7% put it in the bottom tier of the nation's largest 40 housing markets.


Group of inset boxes comparing the number of sales and annual growth in Tampa by property type.
While townhome and single-family home sales are down year over year, condo sales have expanded by 22.4% as of February, driven by brisk demand for luxury coastal properties.


Grouped bar chart showing Tampa home sales by property type, with detached homes leading and condos posting positive annual growth.
Single-family homes continued to dominate sales volume, while condo sales increased year over year despite broader market softness.


For questions and commentary about this report:

Lisa McNatt, Senior Director of Market Analytics at CoStar and Homes.com, based in Orlando, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Lisa McNatt

Senior Director of Market Analytics

Homes.com

lmcnatt@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Tampa during February 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.

Writer
Lisa McNatt

Lisa McNatt is the Senior Director of Market Analytics for CoStar and Homes.com for the Central and North Florida markets. She provides insights into home prices, inventory levels, rental conditions, and economic factors shaping the housing market. Before joining CoStar, Lisa developed and led the research department for Avison Young’s Florida operations and has a deep breadth of experience analyzing market conditions across the state. Lisa earned a Bachelor of Arts in International Studies from the University of South Florida in Tampa and is a frequent media contributor and thought leader in the Orlando market. Her work has appeared in Real Estate Forum, Southeast Real Estate Business, Orlando Business Journal, and Orlando Sentinel, among others.

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