Tampa, FL Home Value Growth YoY Declines by -1.4% in 2025 as Homes for Sale Reach 15,932

The Tampa, FL housing market in 2025 is experiencing a decline in home value growth, with a YoY decrease of -1.4%. The median home value dropped from $374,902 in December 2023 to $369,334 in December 2024, indicating a cooling market. Meanwhile, homes for sale surged to 15,932, reflecting increased inventory. This shift suggests a growing buyer’s market, where higher supply will lead to longer days on the market and potential price reductions as sellers compete for buyers in Tampa’s evolving housing market.

Tampa, FL Home Value Growth YoY Analysis Over the Years

Tampa, FL’s home values and growth trends have undergone major shifts over the years. Before the pandemic (2018-2019), the housing market was experiencing steady appreciation according to the data available on Reventure App. Home values increased from $217,100 in 2018 to $252,400 in 2019, with a YoY growth rate of approximately 5.2%, indicating a balanced market with consistent demand and rising prices.

The home value growth of Tampa, FL has declined to -1.4% in 2025. Access the home value YoY growth chart of Tampa, FL here. [Link]

During the pandemic (2020-2021), Tampa’s housing market surged. Fueled by low mortgage rates and high demand, home values skyrocketed. By 2021, the median home value had reached $371,200, reflecting a peak YoY growth of 24.7%. This rapid appreciation made Tampa one of the most competitive housing markets in the country.

After the pandemic (2022-onwards), the market began cooling as interest rates rose. Home value growth slowed significantly, and by December 2024, values slightly declined to $369,300, with a YoY decrease of -1.4%. This suggests a market correction is underway, shifting Tampa toward a more buyer-friendly real estate landscape in 2025.

Home Value Growth YoY Trend in Counties of Tampa, FL

According to the data available on Reventure App, the Tampa, FL metro area is experiencing varied home value growth trends across its four counties. In December 2024, Hillsborough County’s median home value stood at $383,372, showing a YoY decline of -0.9%. Moreover, Pinellas County, with a median home value of $386,895, has seen a major decline of -2.1% YoY, indicating a cooling market.

Pinellas County showed the highest drop in home value growth YoY in the Tampa metro. Access the above home value map of the counties here. [Link]

Pasco County reported a median home value of $339,129, reflecting a -1.8% YoY decrease, while Hernando County, with a median value of $313,999, showed a comparatively minor dip of -0.2% YoY. Over the past five years, home values in these counties have shown substantial appreciation despite recent declines. 

Hillsborough’s five-year home value growth stands at 62.6%, while Pinellas has experienced a 57.7% increase. Pasco leads with a 62.5% five-year gain, while Hernando tops the metro at 74.4%. These long-term gains contrast with the recent market slowdown, highlighting the broader appreciation trend despite short-term volatility.

Tampa, FL’s Housing Market Predictions in 2025

Tampa, FL’s housing market has entered a declining phase in 2025, with a home price forecast score of 36 out of 100. This score is well below the stability range on Reventure App. It is important to note that a score below 45 on Reventure App indicates a declining market which involves reduced buyer demand, longer days on the market, and increased price cuts. Tampa’s market, which peaked as a strong seller’s market in 2021-2022, is now shifting toward a buyer-friendly environment as inventory levels rise and affordability concerns grow.

 Tampa, FL Home price forecast score reached 36/ 100 in 2025. Access the home price forecast score chart here. [Link]

With higher inventory and price reductions, home values are expected to continue declining in 2025. That means sellers will struggle to attract buyers without making competitive price adjustments. The declining trend suggests that home price appreciation will remain weak, potentially leading to further market corrections. 

Unless economic conditions shift significantly, Tampa’s real estate market will favor buyers throughout 2025, offering negotiation power and better deals. If you want a detailed analysis of the Tampa, FL metro area, explore the housing market data at the ZIP-code level on Reventure App.

Access Housing Market data for the District of Florida and other States on Reventure App.