Tampa Overlook vs Terrace Park
Two Hillsborough communities, compared on the numbers that decide it — price, pace, and supply — from live MLS data as of 2026-10-09.
| Metric | Tampa Overlook | Terrace Park |
|---|---|---|
| Median sale price | $309K | $365K |
| Price per sq ft | $238 | $238 |
| Avg days on market | 65 days | 90 days |
| Months of supply | 2.8 mo | 2.1 mo |
| Market | Balanced Market | Balanced Market |
| 1-year price change | False | False |
| Recent closings | 47 | 52 |
The verdict
Terrace Park carries the higher median price — about 18% above Tampa Overlook. Homes in Tampa Overlook sell faster (65 days on market vs 90). Terrace Park is the tighter market on inventory (2.1 months of supply).
Where each one is
Tampa Overlook and Terrace Park are about 2 miles apart (straight-line, center to center) and share Hillsborough County.
| Tampa Overlook | Terrace Park | |
|---|---|---|
| County | Hillsborough County, FL | Hillsborough County, FL |
| City / area | Tampa | Tampa |
| ZIP | 33612 | 33613, 33617 |
| FEMA flood zones (sampled parcels) | 61% of 23 homes outside a flood zone (Zone X) | not enough parcels sampled |
Distances are straight-line; driving distance is usually 15 to 30 percent more. Flood-zone shares come from FEMA flood maps matched to sampled parcels; always check the exact address before you close.
What is for sale today
| Tampa Overlook | Terrace Park | |
|---|---|---|
| Homes for sale now | 11 | 9 |
| Under contract | 4 | 2 |
| Asking prices today | $160K to $449K | $292K to $656K |
| Listed in the last 7 days | 1 | 0 |
| Property types listed | Half Duplex, Single Family Residence | Single Family Residence |
Live MLS counts, refreshed with every listing pull. Browse them: Tampa Overlook homes for sale · Terrace Park homes for sale.
The homes themselves
| Tampa Overlook | Terrace Park | |
|---|---|---|
| Homes (parcels) | 399 | 333 |
| Built | 1925–2024 (median 1964) | 1943–2021 (median 1976) |
| Typical living area | 1,276 sq ft | 1,527 sq ft |
| Homesteaded (owner-occupied) share | 52% | 60% |
| Vacant lots | 11 | 4 |
Housing-stock figures from the Florida Department of Revenue 2025 assessment roll (public records).
Price history, year by year
| Year | Tampa Overlook median | Terrace Park median |
|---|---|---|
| 2012 | $23K (5 sales) | $100K (3 sales) |
| 2013 | $46K (12 sales) | $90K (5 sales) |
| 2014 | $50K (12 sales) | $94K (8 sales) |
| 2015 | $54K (20 sales) | $76K (13 sales) |
| 2016 | $65K (20 sales) | $120K (18 sales) |
| 2017 | $100K (20 sales) | $156K (20 sales) |
| 2018 | $70K (8 sales) | $158K (10 sales) |
| 2021 | $196K (11 sales) | $265K (5 sales) |
| 2022 | $238K (53 sales) | $285K (15 sales) |
| 2023 | $246K (10 sales) | $334K (10 sales) |
| 2024 | $288K (22 sales) | $298K (11 sales) |
| 2025 | $253K (26 sales) | $265K (7 sales) |
| 2026 | $305K (35 sales) | $332K (12 sales) |
Since 2012, Tampa Overlook's median sale price is +1226% and Terrace Park's is +232% — Tampa Overlook has appreciated faster over that stretch.
How each one trades
| Tampa Overlook | Terrace Park | |
|---|---|---|
| Sale-to-original-list | 98.7% | 97.8% |
| New-construction share of sales | 3% | 0% |
| Typical sold home | 1,184 sq ft | 1,399 sq ft |
| Momentum market-heat score | 54 (normal) | 48 (normal) |
Last 12 months of recorded closings; sale-to-original-list is the share of the first asking price sellers actually got.
Schools the listings are zoned for
| Tampa Overlook | Terrace Park | |
|---|---|---|
| Elementary | Witter-Hb | Temple Terrace-Hb |
| Middle | Adams-Hb | Greco-Hb |
| High school | Chamberlain-Hb | King-Hb |
The school most often recorded on each community's MLS listings. Always confirm a specific address with the district.
Which one fits
On budget alone, Tampa Overlook is the lower entry point (median $309K vs $365K). Buyers who want newer construction (fewer near-term roof, HVAC and re-plumb items, and easier insurance quotes in Florida) will find it in Terrace Park; Tampa Overlook trades that for a more established street and, typically, larger lots. Sellers get a faster sale in Tampa Overlook (65 days on market on average); buyers get more negotiating room where homes sit longer.
Neither number set decides it: drive both on a weekday evening, check the HOA documents and the flood zone for the exact street, and price the insurance before you write an offer. A Momentum agent who works both communities can pull the comparable sales for any two specific homes.
Questions people ask
Is Terrace Park more expensive than Tampa Overlook?
Yes, on recent sales: the median sale price in Terrace Park is $365,000 versus $309,000 in Tampa Overlook, about 18% higher.
How far apart are Tampa Overlook and Terrace Park?
About 2 miles straight-line, center to center, both in Hillsborough County; driving distance is usually 15 to 30 percent more.
Which has newer homes, Tampa Overlook or Terrace Park?
Terrace Park: its homes were built 1943–2021 with a median year of 1976, versus a median of 1964 in Tampa Overlook (Florida DOR assessment roll).
Which has bigger homes?
Terrace Park. The typical home there is 1,527 sq ft of living area, versus 1,276 sq ft in Tampa Overlook.
Which has appreciated more, Tampa Overlook or Terrace Park?
From 2012 to 2026 the median sale price rose 1226% in Tampa Overlook and 232% in Terrace Park (recorded MLS closings by calendar year).
Where do sellers get closer to asking price?
Tampa Overlook — sellers there received 98.7% of the original list price over the last 12 months versus 97.8% in Terrace Park.
What high schools serve Tampa Overlook and Terrace Park?
Listings in Tampa Overlook most often report Chamberlain-Hb; listings in Terrace Park report King-Hb. Zoning is set by the district and can change - verify by address.
Go deeper on each: Tampa Overlook homes, photos & schools · Terrace Park homes, photos & schools
Figures are aggregates from realMLS / DBAAR, updated regularly. Thinking about either? Talk to Momentum Realty.