Momentum Housing Data · Home Values · Hillsborough County

South Bay Lakes Home Values: What Homes Actually Sell For

South Bay Lakes (GIBSONTON, FL): 11 recorded closings in the 12 months ending 2026-07-15, a 13-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 97.3% of original asking; the median sale took 27 days (window ending 2026-07-15).

The 13-year recorded price history

Over the recorded series, South Bay Lakes’s median sold price moved from $110,000 (2012) to $339,900 (12 months ending 2026-07-15) — +209% over that span, with every year’s figure from recorded closings, not a model.

The last decade in South Bay Lakes, briefly

The recorded series starts in 2012 at $110,000. The 2020–22 run-up did what it did everywhere — South Bay Lakes’s median moved +103% from 2019 to 2022. Against the 2024 peak of $370,000, the current median stands at -8%. Annual sales volume here has ranged from 0 to 23 closings a year (10-yr average 9.8). With roughly 9.8 closings a year, South Bay Lakes’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

What actually trades here: 99% single-family residence, 1% ?, with a median of 2,595 sq ft and a median price per square foot of $142 in the current window.

Where South Bay Lakes sales actually landed, 2024–2026

Of the 29 recorded South Bay Lakes closings since 2024, half landed between $305,000 and $360,000 (the middle two quartiles); the lowest recorded sale was $195,000 and the highest $485,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.

What homes of your size have sold for in South Bay Lakes

The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Smaller homes here have been selling at a higher price per square foot than larger ones ($191 vs $138) — the usual pattern, since lot, kitchen and baths do not scale with floor area.

The South Bay Lakes housing stock, from the live feed

From the live MLS feed as of 2026-09-03: The homes listed or recently sold were built between 2005 and 2006 (median 2005); 15 of 16 listed or recently sold homes report an HOA, median $76/mo; 1 of 16 geocoded listed or recently sold homes sit inside a FEMA special flood hazard zone (A/V), which buyers’ lenders will price into insurance; median elevation 12 ft; the features listings here most often name are Pool, Basketball Court, Deed Restrictions, Street Lights and Playground. See the current South Bay Lakes listings →

At South Bay Lakes’s $339,900 median and Hillsborough County’s adopted 15.73 mills (FY2025-26), a home assessed at that price carries roughly $5,350 a year in property tax before exemptions, or about $4,720 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Hillsborough County tax page.

Selling in South Bay Lakes right now: what the record says

Current asking prices run a median $322,450 against the $339,900 recorded sold median (-5%) — the gap between what sellers hope and what the record shows. The market is carrying about 5.1 months of supply at the current sales pace. Since 2005, 293 South Bay Lakes listings were withdrawn, canceled, or expired without selling — overpricing is the recurring cause statewide. Over the recorded years, an average of 54% of South Bay Lakes listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 0%. Momentum’s market-heat index for South Bay Lakes reads 56/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

Cash bought 0% of recorded South Bay Lakes sales in the window ending 2026-06 (0 of 12) — a fact worth knowing before assuming every buyer needs an appraisal to close. Asking prices here currently sit -5% under the recorded sold median — sellers are pricing to move, and the closed record above is the number a buyer's appraiser will see.

How South Bay Lakes compares with its neighbors

Communities buyers shopping South Bay Lakes are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

Assigned public schools

Assignments and grades as recorded/published; both change — verify current zoning with the district before relying on it. Grades are the state’s official FLDOE ratings, reported as published.

More South Bay Lakes: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Based on Stellar MLS data distributed by MLS GRID for the period %s through %s. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures