Kansas

<p>In recent months, the <a href="https://www.realtytrac.com/market-trends/topeka-ks/">real estate market in Topeka, KS</a>, has exhibited a consistent upward trend in property values and per square foot prices. As of May 2024, the average property value in Topeka stands at <strong>$225,000</strong>, which shows an increase from $242,980 reported in June 2023. During this time, this was a slight decrease in April 2024 to $218,400 before rebounding in May 2024. This trend suggests a gradually increasing market with intermittent dips.</p>
<p>Moreover, the per square foot value has risen from $107 in June 2023 to $120 in May 2024, reflecting a growth in property values in proportion to their sizes. It’s worth noting that the average sold price and the average sold per square foot values generally remain below the listed values, which might indicate negotiation margins or the impact of market dynamics like demand and supply.</p>
<h3>Comparative Analysis with Nearby Cities</h3>
<p>When comparing Topeka to nearby cities, differences in property values and market activities become evident. For instance, Silver Lake’s property market, as of May 2024, shows an average property value of <strong>$249,900</strong> and a per square foot value of $95. Interestingly, despite a lower per square foot value, the average sale price in Silver Lake is <strong>$252,595</strong>, significantly higher than Topeka’s $194,571.</p>
<p>In Auburn, the averages are at the higher end, with <a href="https://www.realtytrac.com/market-trends/auburn-ks/">property values reaching $499,900</a> and per square foot values at $160, making it one of the pricier areas compared to Topeka. Conversely, Grantville and Meriden reveal limited market data, indicating lesser activity, which makes comparative analysis challenging.</p>
<p>Tecumseh presents a balanced market scenario with an average property value of $337,000 and a per square foot value of $138. The sale prices here average around $285,962, again higher than Topeka despite a lower per square foot value compared to Auburn.</p>
<h3>Current Sales Trends</h3>
<p>As of this month, <a href="https://www.realtytrac.com/topeka-ks/sold/">Topeka reported 1,361 sold homes</a>, which is significant compared to the sales volumes in nearby cities, where the numbers are much lower. For example, <a href="https://www.realtytrac.com/market-trends/meriden-ks/">Meriden</a> and <a href="https://www.realtytrac.com/market-trends/grantville-ks/">Grantville</a> reported no sales data, which might suggest a very static property market for the month or delayed data recording.</p>
<p>In conclusion, the Topeka real estate market shows robust growth with typical fluctuations that one might expect in a dynamic economic environment. The city’s market seems reasonably healthy, and when compared to neighboring cities, it offers a diverse range of investment opportunities that cater to various buyer preferences and budgets.</p>


Market Reports

Topeka’s Real Estate Market Climbs in May 2024 with Average Property Value Reaching $225,000

The Topeka, KS real estate market shows consistent growth in property values and prices per sq ft.

Topeka’s Real Estate Market Climbs in May 2024 with Average Property Value Reaching $225,000 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/06/Real-Estate-Report-Topeka-Kansas-April-2024.png

Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

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Manuel Martinez

California

<h2>General Trend in Bakersfield</h2>
<p><a href="https://www.realtytrac.com/market-trends/bakersfield-ca/">Bakersfield’s real estate market</a> is dynamic, with property values and sale prices fluctuating over the months. Notably, the average value for properties saw a peak of approximately $422,495 in May 2023, signaling a robust market during the early and mid-part of the year. However, this upward trajectory did not maintain its momentum as we saw a gradual decrease in the average value to roughly $369,450 by February 2024.</p>
<p>Similarly, the average sale price also experienced volatility, reaching highs and lows through the year. The peak sale price surfaced around November 2023 at about $354,425 reflecting buyer demand and market sentiment during that period. Yet by February 2024, the average sale price settled at around $345,667, displaying a downturn. This shift resonates with broader economic trends and consumer behavior, suggesting a market that undergoes regular adjustments.</p>
<h3>Price Per Square Foot Trend</h3>
<p><figure id="attachment_25425" aria-describedby="caption-attachment-25425" style="width: 1443px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25425" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/03/Market-Report-Bakersfield-CA-March-2024-House-Prices.png" alt="Market Report Bakersfield CA March 2024 House Prices Sq Ft" width="1443" height="611" /><figcaption id="caption-attachment-25425" class="wp-caption-text">Market Report Bakersfield CA March 2024 House Prices Sq Ft</figcaption></figure></p>
<p>A key metric in real estate is the price per square foot—it tells a more nuanced story beyond the aggregate figures of property values and sale prices. In Bakersfield, the average sale price per square foot saw a modest uptick from $211 in May 2023 to approximately $216 by February 2024. This ascent, albeit slight, happened amidst a general decline in overall sale prices, indicating that square footage value maintains its desirability and can occasionally counter broader market downtrends.</p>
<h3>Property and Sold Counts</h3>
<p>Stability with a hint of fluctuation could describe the property counts in Bakersfield. From March 2023 to September 2023, there was an increase in property sales, highlighting a window of heightened activity in the real estate market. Come February 2024, the property sold count stood at 4,755, a sign of lively trading, albeit with a recent modest reduction. A consistent property count aligns with a sustainable market balance, where neither an oversupply nor a shortage dictates the conditions.</p>
<h3>Nearby Cities</h3>
<p>Looking beyond Bakersfield uncovers varied performance in neighboring areas. Lamont, for instance, bucked trends with an increased average value, signifying a competitive local market. Conversely, Arvin’s average value saw a decline during the same timeframe. Sale prices followed a jagged path, with cities like Arvin and Shafter witnessing rises in average sale prices, while Lamont observed the opposite. This differential hints at localized factors that drive real estate values independent of Bakersfield’s influence.</p>
<h3>Comparison to Bakersfield</h3>
<p>Comparatively, nearby cities generally offer a more affordable market with lower average values and sale prices than Bakersfield. This affordability likely attracts different buyer segments looking for value deals or entry-level investments. It also renders these locales as potential growth areas, especially for buyers priced out of Bakersfield’s market.</p>
<h3>Current Values and Volumes</h3>
<p>In February 2024, Bakersfield’s real estate landscape presented an average value of $369,450 with an approximate price per square foot of $224. The monthly sales numbers paint an active picture, with average sale prices at about $345,667 and property volumes at 284.</p>
<ul>
<li>Lamont was marked by an average value of $250,000 and a significant difference in the average sale price of $166,080, emphasizing its affordability. With the property count at 9, this denotes a smaller yet opportunistic market segment.</li>
<li>Shafter, contrastingly, had a higher average value of $477,500 and property count at 2, reflecting possibly a niche or premium segment contradicting the general market downturn.</li>
<li>Arvin’s market positioned itself with an average value of $317,500 and a property count of 4; its average sale price settled around $261,000, offering a middle ground in terms of market pricing and opportunities.</li>
<li>Mc Farland, with the single property on the books, suggested exclusivity or limited supply, presenting an average value of $349,900 and a high sale price per square foot at $264, denoting higher-end properties or a demand for quality living spaces.</li>
<li>Lastly, Taft portrayed itself as the most accessible market, with an average value of $224,500 and an average sale price at almost $179,802, backed by a healthier property count of 16, indicating a viable entry point for budget-conscious buyers.</li>
</ul>
<p>The Bakersfield real estate market, as exhibited by these numbers, tells a tale of diversity and change, influenced by various economic forces and individual community characteristics.</p>


Market Trend Report For Bakersfield, California – March 2024

Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report

This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.

Market Trend Report For Bakersfield, California – March 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/03/Market-Report-Bakersfield-CA-March-2024.png

Foreclosure


<p>Predicting foreclosure trends is a complex task that requires careful analysis of key data. By considering the factors influencing foreclosure rates, understanding the role of economic indicators, recognizing regional variations, and implementing effective strategies, individuals can minimize the risk of losing their homes.</p>



<p>Foreclosure trends are influenced by a multitude of factors. Economic indicators, such as unemployment rates, interest rates, and GDP growth, play a significant role in determining the likelihood of <a href="https://www.realtytrac.com/foreclosure/">foreclosures</a>. When the economy is in a downturn, and individuals are struggling to meet their financial obligations, foreclosure rates tend to increase. </p>



<p>Factors like consumer debt levels, <a href="https://www.realtytrac.com/market-trends/">housing market conditions</a>, and lending practices can also impact foreclosure trends. Each local market has its own unique set of dynamics. Things like job growth, population changes, and local regulations can vary from one region to another and greatly influence foreclosure trends. So, to make informed decision about the market, consider both national and local data when predicting foreclosure rates.</p>



<h3 class="wp-block-heading" id="h-government-intervention">Government Intervention</h3>



<p>During times of economic crisis, governments may implement foreclosure moratoriums or <a href="https://www.realtytrac.com/resources/biden-affordable-housing-program-a-good-start-but-are-investors-really-the-problem/">assistance programs</a> to help struggling homeowners avoid losing their properties. These interventions can have a significant impact on foreclosure rates by providing temporary relief to those facing financial difficulties.</p>



<p>Other social factors such as demographic shifts and cultural norms can also play a role in foreclosure trends. For instance, areas with aging populations may experience higher foreclosure rates as older homeowners struggle to keep up with mortgage payments on fixed incomes. Understanding these social dynamics is essential for gaining a comprehensive view of foreclosure trends and their implications on different communities.</p>



<h2 class="wp-block-heading" id="h-the-role-of-economic-indicators-in-predicting-foreclosures">The Role of Economic Indicators in Predicting Foreclosures</h2>



<p><a href="https://www.realtytrac.com/resources/are-higher-mortgage-rates-a-short-term-phenomenon/">Economic indicators</a> serve as vital tools in predicting foreclosure trends. When unemployment rates rise, it often leads to a decrease in household incomes and an increase in the number of homeowners struggling to make mortgage payments. Similarly, low-interest rates can fuel housing market activity, but they can also drive individuals to take on <a href="https://www.realtytrac.com/resources/what-type-of-loan-is-best-for-first-time-home-buyers/">mortgages</a> that they may struggle to repay if rates rise in the future.</p>



<p>Understanding the relationship between these economic indicators and foreclosure trends can help homeowners, policymakers, and industry professionals make informed decisions. By monitoring and analyzing data on unemployment rates, interest rates, and other economic variables, individuals can gain valuable insights into the likelihood of future foreclosures.</p>



<p>The impact of economic indicators on foreclosure rates can also vary depending on regional factors. For instance, areas heavily reliant on a single industry may experience a more significant increase in foreclosures if that industry undergoes a downturn. On the other hand, regions with diverse economies may be more resilient to economic shocks, resulting in lower foreclosure rates even during challenging times.</p>



<h2 class="wp-block-heading" id="h-regional-variations-in-foreclosure-trends">Regional Variations in Foreclosure Trends</h2>



<p>While national data provides a broad perspective on foreclosure trends, it is essential to dig deeper into regional variations. Different regions may experience varying levels of economic growth, job opportunities, and housing market conditions, all of which affect the likelihood of foreclosure.</p>



<p>For example, certain areas hit harder by the housing crisis may still be recovering and could have higher foreclosure rates compared to other regions experiencing economic prosperity. Regions heavily reliant on specific industries may be more susceptible to foreclosure risks when those industries face challenges.</p>



<p>Real estate professionals, policy analysts, and homeowners should consider region-specific data to gain a comprehensive understanding of foreclosure trends. By examining factors such as population changes, job growth, and industry diversification within a specific area, individuals can tailor their foreclosure predictions and develop targeted strategies to mitigate risk.</p>



<p>Areas with robust <a href="https://www.realtytrac.com/resources/stop-foreclosure/">foreclosure prevention</a> programs or housing assistance initiatives may experience lower foreclosure rates compared to regions lacking such support systems. Understanding how governmental interventions influence foreclosure trends can provide valuable insights for stakeholders seeking to address housing market challenges.</p>



<h2 class="wp-block-heading" id="h-strategies-for-mitigating-foreclosure-risk">Strategies for Mitigating Foreclosure Risk</h2>



<p>Now that we have explored the key data used to predict foreclosure trends, it’s time to discuss strategies for mitigating the risk of foreclosure. Whether you are a homeowner or an industry professional, taking proactive steps can make a significant difference in preventing the loss of a home.</p>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="680" src="https://nationsinfocor.wpengine.com/wp-content/uploads/2013/08/Stopping-a-home-foreclosure-1024x680.jpg" alt="A home foreclosure" class="wp-image-24740" srcset="https://nationsinfocor.wpengine.com/wp-content/uploads/2013/08/Stopping-a-home-foreclosure-1024x680.jpg 1024w, https://nationsinfocor.wpengine.com/wp-content/uploads/2013/08/Stopping-a-home-foreclosure-300x199.jpg 300w, https://nationsinfocor.wpengine.com/wp-content/uploads/2013/08/Stopping-a-home-foreclosure-768x510.jpg 768w, https://nationsinfocor.wpengine.com/wp-content/uploads/2013/08/Stopping-a-home-foreclosure.jpg 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Foreclosed Home</figcaption></figure>



<p>One crucial strategy is to establish a strong financial foundation. This includes maintaining a healthy credit score, keeping debt levels manageable, and having an emergency fund to cover unforeseen expenses. Building a safety net can help homeowners weather financial storms and avoid defaulting on their mortgage payments.</p>



<p>Furthermore, accessing foreclosure prevention programs can provide much-needed assistance to struggling homeowners. These programs offer resources such as loan modification options, financial counseling, and foreclosure alternatives. Understanding and utilizing these programs can help homeowners navigate challenging circumstances and potentially save their homes.</p>



<p>Finally, staying informed about market trends, economic indicators, and local housing market conditions is essential for proactive foreclosure risk management. By monitoring relevant data and seeking professional advice, individuals can identify potential red flags and take appropriate action before it’s too late.</p>



<p>Another effective strategy for mitigating foreclosure risk is to consider <a href="https://www.realtytrac.com/resources/foreclosure-financing/">refinancing options</a>. Refinancing a mortgage can help homeowners secure a lower interest rate, reduce monthly payments, or change the loan term to make it more manageable. By exploring different refinancing opportunities, homeowners can potentially improve their financial situation and decrease the likelihood of facing foreclosure.</p>



<p>Additionally, building strong relationships with housing counselors and real estate professionals can provide valuable support in navigating the complexities of the housing market. These experts can offer guidance on budgeting, financial planning, and accessing available resources to prevent foreclosure. Establishing a network of knowledgeable professionals can empower homeowners to make informed decisions and take proactive steps towards securing their homes.</p>


Data analysis

Listing Type

Foreclosed Home

How to Stop a Home Foreclosure

Packing boxes storage

The Legal Rights of Tenants in Foreclosed Properties

Man with empty wallet

How Do You Buy a House if You’re Broke?

Rules for auctions

Foreclosure Auction Dos and Don'ts

foreclosure_home_for_sale_sign

How to Buy A Foreclosure - A Guide for Investors and Homebuyers

Key Data To Analyze When Predicting Foreclosure Trends

With the right information you can better predict and understand foreclosure trends.

Key Data To Analyze When Predicting Foreclosure Trends - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Data-analysis.jpg

David joined Nations Info as President in 2020 to take on the responsibilities of strategic planning, overall company management, product development and customer acquisition. With him, David brings 20 years of experience in the internet and technology industries, with leadership in Product, Marketing, Technology, as well as leading international teams in companies such as Ebates, Living Social, Groupon and Microsoft. David attended The MIT Sloan School of Management’s MBA program and earned his Bachelor’s degree from the University of California, Berkeley, studying Computer Science.

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David Teng

Florida

<h2>Overview of Tampa’s Real Estate Market Growth</h2>
<p>The <a href="_wp_link_placeholder" data-wplink-edit="true">Tampa’s real estate market</a> has grown considerably over the last 12 months with a notable increase in average house values. As of May 2023, the average value of properties in Tampa was $450,000, and this month that number is $10k less: $440,000.</p>
<p>Average per square foot values also demonstrated a growing trend, climbing from $271 in May 2023 to a 285 in April 2024. The growth can be paralleled with the rise in the average sold price per square foot, which moved from $259 in May 2023 to $267 in April 2024.</p>
<h4 class="sc-fff60b4-3 bmIvnq">Housing Market Summary for Tampa, FL</h4>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">May 2023</th>
<th class="sc-7568d94b-2 hTsliE">April 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$449.7K</td>
<td class="sc-7568d94b-5 eqHQXK">$401.9K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-10.61%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$386.5K</td>
<td class="sc-7568d94b-5 eqHQXK">$401.9K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">3.99%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">1,040</td>
<td class="sc-7568d94b-5 eqHQXK">1,356</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">30.38%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">7,383</td>
<td class="sc-7568d94b-5 eqHQXK">6,563</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-11.11%</span></td>
</tr>
</tbody>
</table>
<p>However, the volume of properties tells a different narrative—fangs of fluctuation can be seen with the property counts varying over time. The initial count was 1,040 in May 2023, decreasing to 1,138 in January 2024 before ascending again to 1,356 by April 2024. This ebb and flow might be attributed to seasonal shifts or changing market sentiments.</p>
<p>In terms of sales volume, the properties sold peaked in September 2023, with 7,845 sales, before descending to 6,563 properties by April 2024. This suggests a contracting sales market which could be a sign of either diminishing demand, tightening supply, or both.</p>
<h2>Comparative Analysis with Nearby Cities</h2>
<h4 class="sc-fff60b4-3 bmIvnq">Tampa, FL Real Estate Market Overview</h4>
<div class="sc-d1a0c9c3-0 dNcHVF">
<div class="sc-d1a0c9c3-2 bVwdRO">
<table class="sc-4b91b296-0 NvpMl">
<thead class="sc-4b91b296-3 QrbDO">
<tr class="sc-4b91b296-1 kcFJPr">
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
</tr>
</thead>
<tbody class="sc-4b91b296-2 xbjXs">
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33647/">33647</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 499,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 230/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33607/">33607</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 379,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 300/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33611/">33611</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 499,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 329/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33614/">33614</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 243,507</p>
<p class="sc-4b91b296-7 gkIasT">$ 203/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33604/">33604</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 326,329</p>
<p class="sc-4b91b296-7 gkIasT">$ 259/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33625/">33625</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 450,595</p>
<p class="sc-4b91b296-7 gkIasT">$ 237/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33629/">33629</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 1,161,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 455/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33616/">33616</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 455,892</p>
<p class="sc-4b91b296-7 gkIasT">$ 299/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33610/">33610</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 299,500</p>
<p class="sc-4b91b296-7 gkIasT">$ 215/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33605/">33605</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 292,773</p>
<p class="sc-4b91b296-7 gkIasT">$ 260/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33615/">33615</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 459,267</p>
<p class="sc-4b91b296-7 gkIasT">$ 286/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33606/">33606</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 784,750</p>
<p class="sc-4b91b296-7 gkIasT">$ 523/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33602/">33602</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 675,837</p>
<p class="sc-4b91b296-7 gkIasT">$ 465/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33612/">33612</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 276,750</p>
<p class="sc-4b91b296-7 gkIasT">$ 207/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33619/">33619</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 296,087</p>
<p class="sc-4b91b296-7 gkIasT">$ 218/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33634/">33634</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 410,109</p>
<p class="sc-4b91b296-7 gkIasT">$ 254/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33609/">33609</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 699,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 364/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33613/">33613</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 322,904</p>
<p class="sc-4b91b296-7 gkIasT">$ 223/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33603/">33603</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 419,200</p>
<p class="sc-4b91b296-7 gkIasT">$ 312/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33635/">33635</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 482,529</p>
<p class="sc-4b91b296-7 gkIasT">$ 259/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33626/">33626</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 548,456</p>
<p class="sc-4b91b296-7 gkIasT">$ 275/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/tampa-fl-33637/">33637</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 379,900</p>
<p class="sc-4b91b296-7 gkIasT">$ 202/sqft</p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
<p>A comparative lens to nearby cities unveils a diverse economic landscape surrounding Tampa. As of April 2024, Thonotosassa flaunts a significantly higher average value of $805,456 as compared to Lutz ($532,000), Seffner ($399,000), Brandon ($379,000), and Gibsonton ($379,950). This variance could possibly reflect differences in the types of properties available, local amenities, or demographic factors driving desirability and demand.</p>
<p>Moreover, per square foot value in these cities usually trails Tampa’s value of $285, with Thonotosassa coming the closest at almost $292. Lutz ($246), Seffner ($226), Brandon ($219), and Gibsonton ($206) depict a pattern where Tampa stands as a market with a higher valuation metric, reinforcing its standing as a potentially more coveted market sphere.</p>
<h2>Current Values and Sales Volumes in Tampa</h2>
<p>As mentioned, average values are $440,000 and per square foot value sits at $285, hinting at a market that is on evident upturn. There are currently of 1,356 homes for sale, which underlines a bustling inventory.</p>
<p>The average sale price in Tampa trails slightly behind <a href="https://www.realtytrac.com/market-trends/tampa-fl/">the average value</a>, with properties closing at about $402,000. The sale per square foot ratio maintains strength at $267, suggesting that properties in Tampa are garnering close to their asking prices and may indicate seller’s leverage in negotiations.</p>
<p>While the properties count is buoyant, this does not dampen the demand, as evinced by the substantial number of <a href="https://www.realtytrac.com/market-trends/tampa-fl/">properties sold</a>—6,563. Despite a decrease from the peak in September, this figure still manifests a healthy level of transactions.</p>
<p>In summary, Tampa’s real estate market appears to be thriving, with rising valuations and solid sales volumes signifying a robust industry. The comparative analysis with neighboring cities underscores Tampa’s allure and the maintenance of its market performance. The presented metrics coalesce to portray a positive outlook for Tampa’s real estate scene as of April 2024.</p>


Real Estate Report Tampa Florida

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024

Tampa’s real estate market demonstrated steady growth from May 2023 to April 2024, with rising property values and robust sales volumes. Comparative data also highlights Tampa’s appeal over neighboring cities.

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024 - RealtyTrac

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