MARKET REPORT
TAMPA BAY | OCTOBER 2024
SMITH & ASSOCIATES REAL ESTATE KNOWS THE MARKET
Tampa Bay remains an active and dynamic real estate market.
Median home prices across the region have held steady, as a decline in new listings has helped maintain a balance between buyers and sellers.
The average time homes spend on the market continues to increase. Prospective sellers should plan strategically to align with their desired sale timelines.
If you’re planning a move in 2025, working with an experienced agent is more important than ever. Our Associates review local market insights daily, using that data to craft personalized strategies for your home sale or purchase. Each year, we’re honored to help over 2,200 families buy or sell their homes throughout Tampa Bay. Let us put our local expertise to work for you.
LOCAL MARKET INSIGHT
HILLSBOROUGH COUNTY | OCTOBER 2024
LOCAL MARKET INSIGHT PINELLAS COUNTY | OCTOBER 2024
2023 NUMBERS
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
With sophisticated contemporary architecture, elegantly finished residences, and extraordinary hospitality-style amenities, ONE Tampa’s soaring 42-story tower is an icon in the city skyline offering a lifestyle of unparalleled luxury. With lofty ceiling heights and floor-to-ceiling windows as well as private terraces with transparent railings, residences showcase a shimmering panorama of views across the city skyline and Hillsborough River to the bays beyond.
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