What Is the Average Home Price in South Tampa Right Now in September 2026

The median sale price in South Tampa is approximately $650,000 in September 2026. That figure reflects closed transactions across the 33606, 33609, 33611, 33629, and 33611 ZIP codes that make up the South Tampa peninsula. It represents a modest increase of roughly 4 to 5 percent compared to September 2025, when the median hovered closer to $620,000. The market has not surged dramatically, but it has held firm in a broader environment where many Florida metros saw price softening earlier in the year.

For broader context on the Tampa metro's trajectory, Redfin's 2026 Tampa housing market data shows that citywide median prices have stabilized after the correction that followed the 2022 peak, with South Tampa consistently tracking above the city median because of its geography and housing stock.

Median vs. Average: Why Both Numbers Matter

The median and the average tell different stories in South Tampa. The median sale price of around $650,000 means half of homes sold for more and half sold for less. The average sale price, pulled upward by waterfront estates and newly constructed luxury homes, sits closer to $850,000 to $900,000 in September 2026. If you are budgeting for a move to South Tampa, the median is the more useful benchmark for most buyers, while the average reflects the ceiling that waterfront and high-end new construction can reach.

Price Per Square Foot Across South Tampa

Price per square foot is one of the clearest ways to compare value across South Tampa's varied housing stock. As of September 2026, the average price per square foot across South Tampa runs between $380 and $480 for non-waterfront single-family homes, depending on the neighborhood and the condition of the property. Waterfront lots and homes with direct bay access on Bayshore Boulevard or along the Davis Islands canals can push well past $600 per square foot. Condominiums, which are concentrated near Hyde Park and along the Bayshore corridor, generally range from $320 to $420 per square foot.

2. Neighborhood-by-Neighborhood Price Breakdown

South Tampa is not a single, uniform market. The peninsula stretches from the Westshore business district in the north down to Ballast Point at its southern tip, and prices shift meaningfully from one pocket to the next. Understanding those differences is essential whether you are comparing offers as a seller or narrowing your search as a buyer.

Hyde Park and SoHo

Hyde Park sits in the 33606 ZIP code and contains some of Tampa's oldest and most architecturally distinctive housing. Craftsman bungalows, Colonial Revival homes, and early 20th-century cottages sit on tree-lined streets within walking distance of Hyde Park Village's shops and restaurants on Swann Avenue. In September 2026, single-family homes in Hyde Park proper are selling in the $700,000 to $1.2 million range, depending on lot size and renovation level. The SoHo corridor, which runs along South Howard Avenue, includes a mix of townhomes and smaller bungalows that tend to sell in the $550,000 to $750,000 range.

Palma Ceia and Sunset Park

Palma Ceia, centered around the Palma Ceia Golf and Country Club on South MacDill Avenue, is one of South Tampa's most established residential areas. Homes here are predominantly mid-century and traditional styles on lots ranging from 6,000 to 10,000 square feet. Current sale prices in September 2026 run from approximately $750,000 to $1.4 million for single-family homes, with the higher end reflecting renovated properties on larger lots. Sunset Park, which borders Old Tampa Bay to the west, includes a number of waterfront and water-view homes that push prices above $2 million on the bay-front streets. Interior Sunset Park homes sell in the $800,000 to $1.3 million range.

Bayshore Beautiful and Ballast Point

Bayshore Beautiful runs along the western side of Bayshore Boulevard, one of the longest continuous sidewalks in the United States at just over 4.5 miles. Homes directly facing the boulevard command a significant premium, with prices typically starting at $1.5 million and reaching $4 million or more for larger estates. Interior streets in Bayshore Beautiful, which include a mix of ranch-style homes and newer construction, sell in the $650,000 to $1.1 million range. Ballast Point, at the southern tip of the peninsula near Ballast Point Park and the fishing pier, offers slightly more accessible price points: single-family homes here are currently selling from $500,000 to $850,000, making it one of the more attainable pockets of South Tampa.

Harbour Island and Davis Islands

Harbour Island is a planned community connected to downtown Tampa by a short bridge, featuring a mix of townhomes, condominiums, and single-family homes. Condos on Harbour Island range from $400,000 for a one-bedroom unit to $900,000 or more for larger, renovated units with water views. Single-family homes on the island are rare and tend to sell above $1.5 million. Davis Islands, the larger residential island community just south of downtown, is home to Tampa General Hospital and a small municipal airport. Homes on Davis Islands sell from approximately $900,000 for a smaller non-waterfront property to well over $5 million for canal-front and open-bay estates. The island's grid of canals makes waterfront access relatively common compared to mainland South Tampa.

3. What Is Driving South Tampa Home Prices Right Now

Several converging factors explain why South Tampa prices have held up in September 2026 even as other parts of the Tampa Bay region have seen more volatility. According to a South Tampa real estate update published by Smith and Associates, the peninsula's constrained geography continues to limit supply in a way that other Tampa submarkets simply do not face.

Limited Inventory on the Peninsula

South Tampa is a peninsula, which means there is a hard physical limit on how much land exists. New construction is primarily infill: builders purchase older homes, demolish them, and build larger modern homes on the same lots. This teardown and rebuild cycle keeps total inventory low because the number of homes does not grow substantially even when construction is active. As of September 2026, active listings in South Tampa's core ZIP codes typically number between 200 and 280 homes at any given time, which represents roughly two to three months of supply. That is a balanced to slightly seller-favoring condition.

Demand From Relocation Buyers

Tampa continues to attract a steady stream of buyers relocating from higher-cost metros, particularly from the Northeast and from South Florida. For a buyer coming from Miami, where median prices in comparable neighborhoods run $900,000 to $1.3 million, South Tampa's price points can feel accessible. That relative value perception sustains demand even when mortgage rates remain elevated. Tampa International Airport, located about 10 to 15 minutes from most of South Tampa by car, also makes the area practical for buyers who travel frequently for work.

New Construction and Teardown Activity

Teardown activity in South Tampa has been a consistent feature of the market for the past several years, and it continues in September 2026. A builder will typically purchase a 1950s or 1960s concrete block home for $500,000 to $650,000, demolish it, and construct a new 3,500 to 4,500 square foot home that lists between $1.2 million and $1.8 million. This cycle raises the average sale price over time and sets a new price floor in neighborhoods where it happens frequently, particularly in Palma Ceia, Bayshore Beautiful, and parts of Sunset Park.

4. How South Tampa Compares to the Broader Tampa Market

South Tampa consistently prices above the Tampa citywide median, and September 2026 is no exception. Understanding that gap helps buyers decide whether to focus their search on South Tampa specifically or consider nearby areas where their budget stretches further.

South Tampa vs. Tampa Overall

The Tampa citywide median sale price in September 2026 is approximately $410,000 to $430,000, which means South Tampa's median of around $650,000 carries a premium of roughly 50 to 55 percent over the city as a whole. Nearby areas like New Tampa to the north, Seminole Heights, and Carrollwood offer single-family homes in the $350,000 to $550,000 range. South Tampa's premium reflects its walkability to Bayshore Boulevard, proximity to the Westshore business district, access to Tampa General Hospital on Davis Islands, and the concentration of dining and retail along Kennedy Boulevard, South Howard Avenue, and MacDill Avenue.

What Buyers Are Getting at Different Price Points

At $500,000 to $650,000 in South Tampa right now, buyers can typically find a 3-bedroom, 2-bathroom concrete block home built between 1950 and 1975, often in Ballast Point, parts of Palma Ceia, or the interior streets of Bayshore Beautiful. These homes range from 1,400 to 2,000 square feet and may need updating. At $800,000 to $1.1 million, buyers can find renovated or newer construction homes in the 2,200 to 3,200 square foot range in Hyde Park, Palma Ceia, and Sunset Park. Above $1.5 million, the inventory shifts toward custom new construction, waterfront properties, and larger lots on Davis Islands or Bayshore Boulevard.

5. What This Market Means for Buyers and Sellers in September 2026

Knowing the average home price in South Tampa in September 2026 is useful, but the more important question is what that number means for your specific situation. The current market conditions create different opportunities and challenges depending on which side of the transaction you are on.

Advice for Buyers Entering the Market Now

With two to three months of supply on the market, South Tampa is not the frenzied multiple-offer environment it was in 2021 and 2022, but well-priced homes in desirable pockets still move quickly. Buyers who are pre-approved, have a clear sense of which neighborhoods fit their priorities, and can move decisively are in a strong position. Homes that have sat on the market for 45 days or more often represent opportunities for negotiation, particularly if they have been priced above the current market or need work. Getting a thorough inspection is especially important in South Tampa given the age of much of the housing stock.

Flood zone designation is a critical factor for buyers in South Tampa. Much of the peninsula sits in FEMA flood zones AE and X, and the difference in flood insurance costs between those designations can be substantial. Always verify the flood zone for any property you are considering and factor insurance costs into your total monthly payment calculation. The City of Tampa's flood map and FEMA's Flood Map Service Center are the appropriate resources to check.

Advice for Sellers Thinking About Listing

South Tampa sellers in September 2026 are in a reasonably strong position, but accurate pricing is more important than it was two or three years ago. Overpriced listings are sitting longer and sometimes requiring price reductions that can signal weakness to buyers. Homes that are priced correctly from day one, presented well, and marketed to the relocation buyer pool tend to sell within 30 days and close to list price. If you are considering a sale, a comparative market analysis based on the most recent three to six months of closed sales in your specific neighborhood, not South Tampa as a whole, will give you the most accurate picture of where to price.

Sellers with older homes that have not been updated should also weigh whether targeted improvements, such as a kitchen refresh or updated bathrooms, would meaningfully move the needle on sale price. In a market where buyers are paying $650,000 to $750,000 for a home they plan to renovate, the condition of the property factors heavily into where it lands relative to the neighborhood median.