As of Q1 2025, the Tampa real estate market has exhibited varied trends across its neighborhoods. While some areas have seen price increases, others have experienced stabilization or slight declines. Here's an overview of select neighborhoods:
🏙️ Central Tampa
Downtown Tampa Downtown continues to attract buyers with its urban lifestyle and proximity to business hubs.
-
Q1 2025: $450,000
-
Q1 2024: $428,000
-
Year-over-Year Change: +5.1%
Tampa Heights Known for its historic charm and revitalization efforts, Tampa Heights remains a sought-after neighborhood.
-
Q1 2025: $694,300
-
Q1 2024: $660,000
-
Year-over-Year Change: +5.2%
🌴 South Tampa
Sunset Park This upscale neighborhood maintains its status with luxury homes and waterfront properties.
-
Q1 2025: $2,400,000
-
Q1 2024: $2,300,000
-
Year-over-Year Change: +4.3%
Gandy – Sun Bay South Offering a mix of residential options, this area appeals to a diverse range of buyers.
-
Q1 2025: $522,000
-
Q1 2024: $500,000
-
Year-over-Year Change: +4.4%
🌳 North Tampa
Tampa Palms With its planned communities and amenities, Tampa Palms continues to attract families.
-
Q1 2025: $522,500
-
Q1 2024: $500,000
-
Year-over-Year Change: +4.5%
West Meadows This neighborhood offers a suburban feel with convenient access to city amenities.
-
Q1 2025: $419,500
-
Q1 2024: $400,000
-
Year-over-Year Change: +4.9%
🏡 Historic & Emerging Areas
Old Seminole Heights Known for its bungalow-style homes and vibrant community, this area remains popular among buyers.
-
Q1 2025: $469,500
-
Q1 2024: $450,000
-
Year-over-Year Change: +4.3%
Sulphur Springs As one of the more affordable neighborhoods, Sulphur Springs is gaining attention from first-time homebuyers.
-
Q1 2025: $260,000
-
Q1 2024: $250,000
-
Year-over-Year Change: +4.0%
🏘️ New Tampa
New Tampa This area continues to grow, offering newer homes and family-friendly communities.
-
Q1 2025: $430,000
-
Q1 2024: $410,000
-
Year-over-Year Change: +4.9%
Final Thoughts
The Tampa real estate market in Q1 2025 shows a general trend of moderate price increases across various neighborhoods. While some areas have seen more significant growth, others remain relatively stable, offering opportunities for a range of buyers.
Note: The provided figures are based on available data and may vary depending on specific property types and market conditions.
