Tampa Republic

In November, the median sale price of a home in Hillsborough County fell by $2,000 from the same period in the previous year, while total sales decreased by 10.6%, according to BlockShopper.com.

There were 515 homes sold in November, with a median sale price of $372,000 — a 0.5% decrease from the $374,000 median sale price during the same period of the previous year. In comparison, 576 homes were sold in Hillsborough County in November 2023.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Hillsborough County from November 2023 to November 2024.