Hillsborough County, FL Real Estate Market Update July 2025

Overall Market Trends (Year-over-Year)

The Hillsborough County housing market has shifted from last year’s frenzy toward a more balanced state. In June 2025, the market is officially “neutral,” whereas a year ago it was a strong seller’s market. Homes are no longer selling overnight at record premiums; key indicators show a cooler but stable market:

• Home Prices: The median sold price in Hillsborough County is about $406,000, essentially flat (≈0% change) from a year ago. Across the Tampa Bay metro, the median price (~$365K) is down about 5% from last summer’s peak. Some nearby counties like Pinellas and Pasco are also flat to slightly up year-over-year, indicating price stabilization region-wide.
   
• Inventory & Listings: There are more homes on the market now than last year. Many homeowners who locked in low interest rates are finally opting to sell, boosting supply. Active listings have reached the highest levels in years. As of April, half of the listings in Tampa Bay sat unsold for 60+ days, a dramatic change from the bidding wars of 2022. Buyers today have record numbers of homes to choose from. However, if buyers gain too much negotiating power, some would-be sellers may simply hold off on listing rather than sell at a discount.
   
• Days on Market:Homes are taking longer to sell on average. In Hillsborough, the average time to sell is now about 50 days, which is 25% longer than the ~40-day average this time last year. The median days on market is around 36 days (versus 30 days last June) as more listings linger unsold. The typical home is spending an extra week or two on the market compared to 2024.
   
• Sales Volume: The pace of sales has cooled slightly. Hillsborough saw about 1,856 homes sold in June, roughly flat (-0.4%) compared to the same month last year. Earlier in 2025, sales were running 15% below 2024 levels; however, there have been signs of a rebound in single-family sales as buyers adjust to market conditions.
   
• Market Balance: The upshot is a transition from a seller’s market to a neutral market. A year ago, demand far outstripped supply; now supply and demand are more in line. Prices have stopped climbing, and buyers are no longer overbidding on every home. About 59% of homes now sell below the asking price, while only about 16% sell above the list price, a complete reversal from two years ago, when bidding wars were common. This normalization is healthy in the long run, creating a fairer playing field for both buyers and sellers.
   

Neighborhood Spotlights

All parts of Hillsborough County are experiencing a market cooldown, although price trends vary by area. Most communities are seeing flat or modest year-over-year price changes rather than huge swings:

• Tampa (City): The city of Tampa remains one of the pricier areas, with a median sale price around $430,000, which is up ~2.5% year-over-year. Demand for urban homes is still solid, so home values in Tampa proper have inched upward despite the broader cooldown.
   
• Brandon: In this popular suburb, the median home price is roughly $375,000, which is almost unchanged. Homes in Brandon, FL now average about 6–7 weeks on market, a bit longer than last year.
   
• Riverview: The median price in Riverview, FL is approximately $385,000, a slight decrease (~2–3% lower) compared to a year ago. This area has seen significant growth in recent years, so a minor price correction isn’t surprising.
   
• Apollo Beach: This waterfront community remains a relatively high-end destination. Median sale prices are in the mid-$400Ks, roughly flat to last year. Apollo Beach demand is steady thanks to its coastal appeal.
   

These examples show a common theme: prices in Hillsborough County are no longer skyrocketing. Most areas are seeing minor single-digit changes (up or down), a sign of market equilibrium.

What Buyers Should Know

For those looking to buy a home in Hillsborough County, conditions in mid-2025 are friendlier than they’ve been in years. That said, challenges remain. Here are the key takeaways for homebuyers:

• More Negotiating Power: Buyers have regained leverage. With inventory up, you’re less likely to face bidding wars. Price cuts are common, and sellers are often more flexible. Patient buyers can find value, especially in homes that have lingered on the market.
   
• More Choices (But Do Your Homework): The surge in listings means buyers have a wider range of options. Take advantage, but research why a home hasn’t sold. Long days on market might just reflect an earlier pricing misstep.

   

• Be Ready to Act for the Right Home: Turnkey, well-priced homes still go quickly. Over half of all homes still sell within 30 days. Be pre-approved and ready to move quickly when a suitable property becomes available.
   
• Opportunities for Deals: Look for properties with high days on market or recent price cuts. Many sellers are open to negotiation or offering concessions, such as closing cost credits. Consider buying now and refinancing later.
   

What Sellers Should Know

Home sellers can still succeed in 2025, but the approach has changed. Strategic pricing, strong presentation, and flexibility are now key.

• Price Realistically from the Start: Overpricing leads to longer time on market and eventual price cuts. Nearly half of the listings now have at least one reduction before they are sold.
   
• Expect Longer Listing Times: Homes are averaging 1.5 to 2 months to sell. Be patient and proactive with marketing and showings. Great presentation and competitive pricing still matter.
   
• Incentives & Negotiations are Back: Most homes are selling slightly below list price. Be open to reasonable buyer requests, such as repair credits or assistance with closing costs.
   
• Highlight Your Strengths: Invest in curb appeal, staging, and photography. A well-presented home still stands out and can command strong offers.
   
• The Market Still Favors Fair Deals: While bidding wars are rare, most sellers are receiving solid offers close to 2024 prices. If you bought several years ago, you likely have a significant amount of equity to work with.
   
• Consider Your Next Steps: If you're selling and also planning to buy, be aware that you'll face the same market dynamics on both sides. Some sellers are choosing to rent temporarily or downsize.
   

Final Thoughts

The Hillsborough County real estate market in July 2025 reflects a period of normalization. Price growth has slowed, inventory has increased, and the market has shifted to a more balanced playing field for both buyers and sellers. Whether you’re buying or selling, this more balanced market provides opportunities, as long as you enter it with realistic expectations, solid research, and professional guidance.\

Ready to navigate today’s market with confidence?

Whether you’re buying your first home, selling to take advantage of strong equity, or simply weighing your options, Eaton Realty is here to help. As Hillsborough County’s local market experts, we provide honest guidance, strategic insight, and personalized support—every step of the way.

Let’s talk about your next move. Contact us today.

 

 

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Sources:

• Rocket Homes Market Reports
   
• Florida Realtors® Mid-Year Outlook
   
• Zillow Research Data
   
• Redfin Market Tracker
   
• Axios Tampa Bay Real Estate Reports
   
• Hillsborough County MLS Activity Report