What Is the Tampa Bay Real Estate Market Really Like Right Now? (Pinellas & Hillsborough)

1. What is the current real estate market like in Pinellas County?

Pinellas County remains one of the most competitive and supply-constrained markets in Florida. Because it’s land-locked between the Gulf and Tampa Bay, inventory stays tight. Well-priced homes—especially near the water or walkable downtowns—still sell quickly, while overpriced homes sit.

2. What is the current real estate market like in Hillsborough County?

Hillsborough offers more flexibility. There’s more land, more new construction, and more inventory overall. Buyers tend to have more negotiating power here, especially in suburban areas, while prime Tampa and waterfront pockets remain strong.

3. Are home prices rising in Tampa Bay?

Prices have largely stabilized, not crashed. Some areas have seen modest corrections, but desirable neighborhoods and waterfront homes continue to hold value. This is a healthier, more sustainable market than the frenzy of past years.

4. Is now a good time to buy in Tampa Bay?

For buyers who are prepared and focused on long-term value, yes. Less competition means better inspections, negotiation, and decision-making. The best opportunities are often neighborhood-specific, not market-wide.

5. Is now a good time to sell?

Yes—if priced correctly. Homes that show well and are priced realistically still attract strong buyers. Strategy matters more than timing alone.