MARKET REPORT
TAMPA BAY | APRIL 2024
SMITH & ASSOCIATES REAL ESTATE KNOWS THE MARKET
Despite national headlines, the Tampa Bay real estate market is consistently thriving!
With a 20% increase in new listings, the Tampa Bay market reliably offers more opportunities than ever for buyers to find their dream homes.
The median sold price is up about 2% in Hillsborough and an astounding 11% in Pinellas compared to the same time last year.
Our associates review local market insights daily and put the data to work for you when crafting a marketing strategy for your home sale or purchase. We are grateful for the opportunity to help over 2,200 families buy or sell their homes throughout Tampa Bay each year. Please reach out if we can put our local expertise to work for you.
Cover Image: SIGNATURE COLLECTION LISTING
1005 S SIWANOY STREET | PALMA CEIA | $11,500,000
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT SMITHISHOME.COM
SIGNATURE COLLECTION LISTING 4919 W MELROSE AVENUE S | PALMA CEIA | $4,650,000
LOCAL
MARKET
INSIGHT HILLSBOROUGH COUNTY | APRIL 2024
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT SMITHISHOME.COM New Listings Active Listings Avg DOM Avg Sold to OLP Ratio New Pendings Closed Sales 2,493 4,788 43 96% 2,316 1,882
Copyright © 2023 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated May 08, 2024.
Sold Price $398,912
Median
SIGNATURE COLLECTION LISTING 4727 PARADISE WAY S | BAYOU BONITA | $2,435,000
LOCAL MARKET INSIGHT PINELLAS COUNTY | APRIL 2024
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT SMITHISHOME.COM New Listings Active Listings Avg DOM Median Sold Price Avg Sold to OLP Ratio New Pendings Closed Sales 2,450 6,280 50 $424,950 93.5% 1,973 1,768
Copyright © 2023 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated May 08, 2024.
SIGNATURE COLLECTION LISTING 7306 PELICAN ISLAND DRIVE | PELICAN ISLAND | $3,000,000
731
$1M+ Transactions $1.95M Average Sales Price $1M+
14.6% Market Share for Homes $1M+
2,276
Total Transactions $1.09M Average Sales Price
36 Average Days on Market
55 Years in Tampa Bay
292 Associates $8.42M Average Agent Production
5 Tampa Bay Offices
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT SMITHISHOME.COM
SMITH
REAL ESTATE
2023 NUMBERS
& ASSOCIATES
2023 Company Data
Developer Kolter Urban is pleased to announce that construction has commenced on ONE Tampa, with heavy equipment now at the property. Brian Van Slyke, Regional President of Kolter Urban, said, “We are excited to bring to life a new standard of residential excellence in downtown Tampa. The city continues to experience sustained demand for an amenitized waterfront lifestyle like ONE Tampa.”
ONE TAMPA | LIVEONETAMPA.COM
TAMPA
3801 Bay to Bay Boulevard Tampa, FL 33629
813.839.3800
ST. PETERSBURG
1100 4th Street N
St. Petersburg, FL 33701
727.342.3800
BEACH DRIVE SALES GALLERY
330 Beach Drive NE
St. Petersburg, FL 33701
727.342.3800
COASTAL & NORTHERN BEACHES
14581 Walsingham Road Largo, FL 33774
727.282.1788
WESTCHASE
10714 Countryway Boulevard Tampa, FL 33626
813.570.7777
MAYFAIR INTERNATIONAL REALTY
15 Thayer St, Marylebone London, UK
smithishome.com
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