Momentum Housing Data · Home Values · Hillsborough County
Buying here? See Terrace Palms Condo homes for sale and the Terrace Palms Condo community guide (Tampa).
TERRACE PALMS CONDO (TAMPA, FL): 4 recorded closings in the 12 months ending 2026-08-02, a 6-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 90.1% of original asking; the median sale took 43 days (window ending 2026-08-02).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $152,500 | $173 | 43 | 90.1% | 4 |
| 2024 | $169,000 | $192 | 26 | 100.0% | 3 |
| 2022 | $119,750 | $136 | 8 | 99.6% | 14 |
| 2017 | $63,000 | $72 | 9 | 95.5% | 5 |
| 2016 | $51,250 | $58 | 11 | 93.1% | 6 |
| 2015 | $42,250 | $48 | 103 | 85.3% | 6 |
Over the recorded series, TERRACE PALMS CONDO’s median sold price moved from $42,250 (2015) to $152,500 (12 months ending 2026-08-02) — +261% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2015 at $42,250. Against the 2024 peak of $169,000, the current median stands at -10%. Annual sales volume here has ranged from 0 to 14 closings a year (10-yr average 3). With roughly 3 closings a year, TERRACE PALMS CONDO’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: 100% condominium, with a median of 879 sq ft and a median price per square foot of $173 in the current window.
At TERRACE PALMS CONDO’s $152,500 median and Hillsborough County’s adopted 15.73 mills (FY2025-26), a home assessed at that price carries roughly $2,400 a year in property tax before exemptions, or about $1,770 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.
Since 2005, 64 TERRACE PALMS CONDO listings were withdrawn, canceled, or expired without selling (3 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 61% of TERRACE PALMS CONDO listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 43%. Momentum’s market-heat index for TERRACE PALMS CONDO reads 23/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Cash bought 50% of recorded TERRACE PALMS CONDO sales in the window ending 2026-06 (2 of 4) — a fact worth knowing before assuming every buyer needs an appraisal to close. The table above is the closed-sale record to price a TERRACE PALMS CONDO home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping TERRACE PALMS CONDO are also weighing (same ZIP), 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.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| TEMPLE TERRACE PATIO HOMES A C | $157,000 | $138 | 11 | 3 |
| RIVER OAKS CONDO II | $160,000 | $119 | 27 | 7 |
| RIVERWALK AT WATERSIDE ISLAND | $185,500 | $136 | 78 | 4 |
| PLACE ONE A CONDO | $110,000 | $106 | 55 | 13 |
More TERRACE PALMS CONDO: 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 2006 through 2026. 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
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.