I have your April 2025 House Rental & Sales Market Update for Tampa Bay & Nationwide.
Hi, I’m Michael Bielon with House2home Properties, with a real estate market update for April 2025. We manage single family homes in Tampa Bay and we’ll go over the median rents for single family homes, eviction filings, the sales market and interest rates.
We’ll Start with the Rental Numbers from the MLS.
This is for Houses in Tampa Bay, which will be Hillsborough & Pinellas Counties:
In April 2025, the Median Rent was $2,550 and the Days on Market was 24 days.
Compared to the previous month, rents have gone down 1% and is taking 1 less day to rent a house in Tampa Bay.
Compared to the same time last year, rents have gone up 2% and is taking 2 less days to rent a house from a year ago in Tampa Bay.
Here are Zillow’s National Rental Numbers for Houses (for the entire United States).
In April 2025, the National Median Rent was $2,300.
Compared to the previous month, rents have gone up 1% nationwide.
Compared to the same time last year, rents have stayed the same nationwide.
Here are the Number of Eviction Filings in Tampa Bay, this is for Hillsborough & Pinellas Counties.
In April 2025, the number of Evictions Filed in Tampa Bay was 1,233.
Hillsborough County had 875 eviction filings and Pinellas had 358.
There was a 11% decrease in eviction filings from a month ago and a 21% decrease in eviction filings from a year ago in Tampa Bay.
The Lease Renewal Rate for House2Home Properties.
We are renewing 84% of our leases as of April 2025.
Let’s move on from the rental market to the sales market.
Now for the Sales Numbers From the MLS.
This is for Houses sold in Tampa Bay, which will be Hillsborough & Pinellas Counties:
In April 2025, the Median Sales Price was $430,000. The Days on Market was 28 days and the Month’s Supply of Inventory was 4 Months.
Compared to the previous month, house prices have increased 2% and is taking 4 less days to sell a home in Tampa Bay.
Compared to the same time last year, house prices have decreased 3% and is taking 5 days longer to sell a home from a year ago in Tampa Bay.
Realtor.com’s National Home Sales (this is for the entire United States)
In April 2025, the Median Home Sales List Price was $431,250, that is unchanged from the previous year.
The Days on Market was 50 days, that’s 4 days longer to sell a home from the previous year.
And the number of new sales listings increased 9.2% from the previous year nationwide.
The National 30 Year Fixed Rate Mortgage (per the St. Louis Fed)
In April 2025, the Mortgage Interest Rate was 6.83%.
From the month prior, the interest rate increased 0.18%. The previous month’s rate was 6.65%
And from last year, the interest rate decreased 0.27%. The previous year’s rate was 7.10%.
That’s your monthly market update, I hope you enjoyed this. If you need property management for your house, please reach out to me.
My name is Michael Bielon and I'm always here if you need help with your property.
Thank you for watching.
