Is Tarpon Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Tarpon Springs was a Seller's Market.
Key Takeaway
Tarpon Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Tarpon Springs, FL
How much do homes in Tarpon Springs, FL cost?
Median Sold Price
$453,016
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tarpon Springs have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Tarpon Springs was $453,016 in May 2024, up 13.2% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $145K | -1.7% |
| 2 Bedrooms | $270K | $259K | -4.1% |
| 3 Bedrooms | $430.5K | $467.1K | +8.5% |
| 4 Bedrooms | $566.2K | $657.5K | +16.1% |
| 5+ Bedrooms | $850K | $1.1M | +29.4% |
Summary: Tarpon Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 29.4%.
Median Sold Price Compared To Nearby Cities
| Tarpon Springs | $400.3K | $453K | +13.2% |
| Palm Harbor | $399.7K | $432.9K | +8.3% |
Housing Supply in Tarpon Springs, FL
How many homes are available in Tarpon Springs, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 371 | 384 | +3.5% |
Summary: The Tarpon Springs real estate market had 384 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 15 | -6.3% |
| 2 Bedrooms | 100 | 111 | +11.0% |
| 3 Bedrooms | 132 | 140 | +6.1% |
| 4 Bedrooms | 90 | 88 | -2.2% |
| 5+ Bedrooms | 33 | 30 | -9.1% |
Summary: The Tarpon Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 61 | +1.7% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tarpon Springs, you may be able to get a good deal. 73.8% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Tarpon Springs in May 2024, up by 1.7% month-over-month. Of the 61 sold homes, 74% were sold under asking, 16% were sold at asking, and 10% were sold over asking.
Days on Market for Tarpon Springs, FL
How long does it take to sell a home in Tarpon Springs, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 56 Days | +37.9% |
Summary: Homes in Tarpon Springs had an average of 56 days on market in May 2024, up by 37.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tarpon Springs has remained consistent over time.
Summary: During May 2024, 61 homes were sold in Tarpon Springs; 39% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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