Hyde Park Market Health Report – February 2025

Market Overview

The Hyde Park real estate market in Tampa remains highly competitive, with a mix of historic charm and modern luxury attracting buyers at various price points. As of February 2025, 54 active listings, 7 pending sales, and 56 closed sales in the last 6-months provide a comprehensive look at market conditions.

Current Home Values & Pricing Trends

• Active Listings:

  • Average List Price: $876,130
  • Median List Price: $705,500
  • Price per Square Foot: $309 – $846, with an average of $499.58
  • Listing Price Range: Homes range from $195,000 to $3,995,000

• Sold Properties:

  • Average Sold Price: $1,117,589
  • Median Sold Price: $798,500
  • Sale Price per Square Foot: $271 – $1,198, with an average of $501.49
  • List-to-Sale Price Ratio: 96%, meaning homes are generally selling slightly below asking price

Market Activity & Time to Sell

• Average Days on Market (Active Listings): 80 days
• Median Days on Market (Active Listings): 64 days
• Sold Listings – Average Days to Contract: 74 days
• Sold Listings – Median Days to Contract: 48 days
• Closed Sales – Total Time to Close: Ranges from 74 to 107 days, with luxury properties taking longer to sell.

What This Means for Homeowners

• If you're selling a home in Hyde Park, expect your property to go under contract in about 48–74 days on average, depending on price, condition, and demand.
• Luxury homes ($1M+) may take longer to sell, requiring 120+ days for the right buyer, but well-priced homes with strong marketing can still move efficiently.
• Homes priced below $800K tend to sell faster, often within 2 months if priced competitively.

Market Insights for Sellers

• Price sensitivity is key – buyers are negotiating, with an average sale-to-list price ratio of 96%.
• Well-staged and renovated homes continue to command premium pricing and shorter market times.
• The mid-range market ($500K–$800K) is the sweet spot for quicker sales, while higher-end homes require more patience and strategic pricing.

Expected Time to Sell Your Home

• Well-positioned homes (move-in ready, desirable location, priced correctly): 30–60 days
• Luxury homes ($1M+): 90–120+ days
• Fixer-uppers or overpriced listings: Could sit for 6+ months

Final Thoughts

With strong demand and high property values, now is a great time for homeowners to consider selling, especially if their property is well-maintained and competitively priced.