Oak Terrace
Homes for Sale in Tampa, FL

Oak Terrace market snapshot (as of September 20, 2026): the median sale price is about $320K ($238 per sq ft over the trailing 12 months of closed sales), a median 42 days on market for closed sales, and 1.7 months of supply, a seller-leaning market. The trailing-12-month median is up 14% from the prior 12 months, computed from record-level Stellar MLS closed sales (11 closings in the current window).

In ZIP 33604 (Tampa), 601 homes closed in the last 12 months at a median of $374K ($277/sq ft), up 2.9% year over year, with a median 35 days on market. Right now 436 active and 179 pending listings put supply at about 3.0 months — a healthy market. See the live ZIP 33604 housing market and the Hillsborough County market.

County records show 25 qualified sales in Oak Terrace across 2024–2025 (17 in 2024, 8 in 2025), median $264,900 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Oak Terrace is a community of 266 homes in Tampa, Hillsborough County, built between 1917 and 2023 (median 1961.5), with a median living area of about 1,225 square feet. 35% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Oak Terrace Rev Of is a small, older infill pocket in Tampa where a century of building — from 1917 originals to 2023 rebuilds — sits side by side, so what you pay tracks the individual house far more than any neighborhood average.

With 412 homes and a median vintage around 1964, this is a compact, established area rather than a subdivision with a single build era. The living-space median near 1,249 square feet points to modest, right-sized footprints, and the 1917-to-2023 spread means renovation quality varies enormously. Inspection findings — roof, systems, foundation, permit history on any addition or rebuild — will explain most of the gap between one listing and the next.

A homestead share around 34% suggests a meaningful portion of the stock is held as non-primary use, which can show up as investor or rental inventory competing with owner-occupant listings. That, combined with thin closing volume, is why comparable sales require judgment: with only 9 closings in the window, a single unusual sale can distort the picture.

In a thin, condition-driven market like this, the median tells you almost nothing about a specific house. We underwrite each listing on its own merits — vintage, renovation quality, permit trail, and how the handful of recent closings actually compare — so you are not overpaying for a tired original or underestimating a quality rebuild. On the sell side, we price to condition and set realistic time expectations rather than chasing a number the data will not support.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.