How much is new construction in Tampa?

How much is new construction in Tampa?

Hard Costs Building a home in Tampa, Florida can cost an aspiring homeowner an average of $121.81 per square foot for basic construction. In other words, a 2,400-square-foot house would cost around $293,000 to build.

Is it a good time to buy a house in Tampa Florida?

The Tampa housing market is growing steadily, prices are still low and properties have a good chance for a strong appreciation in the coming years. Home is selling incredibly fast in the Tampa Bay housing market with hot homes getting multiple offers.

Will house prices go down in Tampa?

According to, home sales are expected to surge by 9.6% while prices are projected to rise by 6.8% year-over-year. Key market stats: Typical value of a home in Tampa is $346,710, according to the Zillow Home Value Index (as of October 2021).

How much does the average house cost in Tampa?

The area’s median listing price has been steadily on the rise. As of January 2020, the median list price for a home was $279,450—a year-over-year (YOY) increase of 5.7%, according to The average home in the area sits on the market for 66 days—a little more than two months.

How long does it take to build a house in Tampa?

Projected Build Time Once the permit is ready and your home is released for construction, on average it may take 3.5 to 5 months to build your new home, although the process and timeframe to build a single-family home in Tampa Bay are not the same as building a multi-gen home in Ocala.

Are Tampa homes overpriced?

Tampa Bay has one of the most overpriced housing markets in the nation, according to new research from Florida Atlantic University. By the numbers: Lakeland ranks 12th nationally, and second in the state, with homes overvalued by more than 53.2%. Tampa — at 52.4%— ranks No. 13 nationally, third in the state.

Is it cheaper to live in Clearwater or Tampa?

From the Tampa area, Clearwater is 1.2% lower on the cost of living and 6.2% lower on housing but you’d still need about $49,000-$50,000 for an average living compared to the $50,000 salary as previously mentioned.

Why are home prices in Tampa so high?

The city outranked other markets due to its number of potential buyers, scarcity of homes, home sales, and flourishing job market. Tampa’s home values are also expected to grow at their fastest pace this year.