September 2025 South Tampa Real Estate Market Update

Overview: Real Estate Climate in South Tampa

1. South Tampa Market Snapshot

• Median Sale Price: As of last month, homes in South Tampa were selling for a median of $300K, marking a 7.3% decrease year-over-year.

• Price Per Square Foot: Stands at $195, down 6.7% compared to the previous year.

• Market Dynamics:

  • Homes typically sell just 2% below list price.

  • The average time to go pending is around 29 days.

Notably, while some listings do attract multiple offers, on average, the market shows signs of cooling, with moderately discounted sales and a return to more normalized timelines.

• Luxury Market Context: A separate report indicated for broader South Tampa listings an average list price of $865K and an average sale price around $836K, both down roughly 22%—possibly reflecting high-end sales lagging behind prior peaks.

2. Wider Tampa Area Trends

• Tampa Metro (Citywide):

  • Median listing price: $469.9K, up 1.1% YoY.

  • Median sale price (Redfin, July 2025): $440K, down 3.9% YoY; homes sold in about 46 days, a slowdown from 27 days a year earlier.

  • In comparison, Zillow reports average home values in Tampa dropped 4.7% over the past year, now about $375.7K, with pending times around 30 days.

Together, these figures suggest that while Tampa overall is moderately cooling, South Tampa is feeling a sharper adjustment in prices.

3. Macro Trends: Florida & National Landscape

• Statewide (Florida):

  • Housing inventory is rising sharply, contributing to price decreases. For example, median sale price in Tampa dropped about 1.3%, and statewide, Florida saw a 3.5% decline in median sale prices year-over-year.

  • Inventory in Florida surged by 24.2%, while closed sales ticked up modestly.

  • Experts suggest the market is unlikely to crash but continues to cool steadily

• National & Regional (U.S. and Metro):

  • Nationwide, housing inventory increased for the 22nd consecutive month in August, though momentum is slowing. Pending sales and new listings are weakening.

  • Importantly, metro-level months-of-supply data shows that Tampa has shifted into a buyer’s market, with over 6 months of supply (6.3 in June), giving buyers stronger leverage.

  • Across the U.S., inventory growth continues, but price trends vary by region, with the South showing more softness.

What This Means for Buyers and Sellers

For Buyers:

• South Tampa now offers an attractive entry point with notable price reductions and faster inventory accumulation.

• Negotiating power is increasing, especially in the luxury segment where list and sale prices are down sharply.With the metro area trending toward a buyer’s market, prepared buyers could find good value and negotiation room.

For Sellers:

• Sellers face a cooling market—particularly at higher price tiers—and may need to adjust expectations, price more competitively, and market aggressively.

• Time on market is increasing, meaning homes may need more staging or pricing edge to stand out.

• Entering the market sooner rather than later may help capture remaining demand before further softness.

South Tampa Real Estate at a Glance

Final Thoughts

September 2025 in South Tampa presents a cooling but resilient market. While prices have pulled back, and buyer leverage is growing, the area retains strong appeal—especially for smart buyers and sellers with refined strategies.

Whether you’re buying or selling, current conditions suggest there’s opportunity—if you act with market awareness and timing in mind.