Channel District (Channelside) Market Health Report – February 2025

If you own a home in Tampa’s Channel District (Channelside), understanding the current market conditions is key to determining your home’s value and how long it might take to sell. Here’s what the latest data from StellarMLS reveals:

Current Market Overview

• Active Listings: 47 homes

  • List Prices: Range from $315,000 to $2,249,000
  • Average List Price: $651,236
  • Average Price per Square Foot: $513.00
  • Median Days on Market: 78 days

• Pending Sales: 9 homes under contract

  • Average List Price: $665,911
  • Average Price per Square Foot: $495.25
  • Median Days to Contract: 92 days

• Recently Sold (6-months): 28 homes

  • Sale Prices: $285,000 to $1,225,000
  • Average Sold Price: $629,586
  • Average Price per Square Foot: $468.16
  • Median Days to Contract: 59 days
  • Median Days to Close: 96 days
  • Sale-to-List Price Ratio: 97% (Homes are selling close to asking price)

What This Means for You as a Homeowner

1. Home Values are Holding Strong
   The average home sale price of $629,586 and a 97% sale-to-list ratio indicate steady demand in Channelside. If you list your home at a competitive price, you can expect strong interest and a favorable return.

2. Time to Sell: Plan for About 2-3 Months
   The median time from listing to closing is approximately 96 days. If priced correctly, your home could go under contract in about 59 days, with the remaining time for closing.

3. Higher-End Properties Require More Patience
   The most expensive listings are taking longer to secure buyers. The highest days on market for active listings is 548 days, meaning luxury homes in the area may need additional time or strategic pricing.

4. Buyers Are Paying a Premium for Space & Features

   • The average price per square foot of $468.16 for sold homes suggests that updated, well-located properties fetch the highest prices.
   • Two-bedroom units remain the market sweet spot, dominating active, pending, and sold categories.

Should You Sell Now?

With steady demand and homes selling near list price, it’s a seller-friendly market—but patience is required. If you’re considering selling, now is a great time to position your home for success by pricing it competitively and leveraging professional marketing.