Terrace River in Temple Terrace

Terrace River
Homes for Sale in Temple Terrace, FL

Community in Temple Terrace · Hillsborough County · ZIP 33637
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Built fromLive Stellar MLS data13 years of closingsUpdated twice daily

As of September 2026, Terrace River Ph 1 in Temple Terrace, FL has 4 homes for sale, asking from $319,000 to $459,900 (median $407,500). Homes listed or recently sold were built 2001 - 2007; 6 of 6 report an HOA (median $110/mo); none of the 6 geocoded homes sit in a FEMA special flood hazard zone (median elevation 36 ft).

Live · Terrace River Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Tempo
24.0mo
Supply
3 to 6 months is the balanced band
0%
Under contract
Hillsborough: 24% (1,939 of 8,213)
4 · 0
For sale · pending
live counts, refreshed twice daily
2
Sold · last 12 mo
10-yr average: about 2 a year

Homes For Sale Right Now in Terrace River

Live MLS inventory for Terrace River. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Terrace River listings as of 2026-09-13, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2013 through 2026. Tap any home to ask about it.

Jon Brooks, founder of Momentum Realty
Jon's Current Read

Terrace River Ph 1 is a small, built-out pocket of 119 homes with almost nothing moving right now - just two active listings against a community this size. With volume that thin, the 12-month supply figure says less about buyer demand and more about how few sellers have tested the market lately. That is the real story here: this is not a community where you can read the tea leaves from a handful of data points with much confidence.

For a seller, the practical read is that you are one of very few options a buyer will see if they are targeting this footprint, which is leverage - but it also means there is no deep comp set to lean on for pricing strategy. For a buyer, the same thinness cuts the other way: when something does list, there is little competing inventory to negotiate against, so patience and a clear number in mind matter more than speed.

Terrace River Housing Pulse · Momentum Research · as of September 12, 2026

Terrace River right now

🟢 Buyer-leaning market. 24.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Stellar MLS records, as of September 12, 2026. Confidence: Medium (4 active and pending listings, 2 closed sales in 12 months).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

· Updated September 14, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness

The 60-Second Overview

Homes here were built out over a roughly three-decade span, from the mid-1970s through the mid-2000s, with the typical home dating to the early 2000s and running larger than a starter footprint at just under 2,300 square feet of living space.

Stellar MLS sales records identify 69 homes in Terrace River that have changed hands since 2004, built between 1975 and 2007 (median 2006), with a median living area of about 2,052 sq ft and a typical 3-bedroom, 2.5-bath layout. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Best for

  • Buyers seeking a larger, established home footprint (around 2,300 square feet) rather than a newer, smaller build
  • Buyers who value owner-occupancy patterns and are comfortable with deed-restricted community rules
  • Buyers with flexible timing who can wait for the right listing in a low-inventory pocket

Probably not for

  • Buyers who need a wide selection of active listings to compare before deciding
  • Buyers on a tight relocation timeline who cannot wait for limited inventory to turn over
  • Buyers seeking a newly built home, given the community's build range tops out in the mid-2000s

The market around Terrace River

Terrace River is too small for its own price trend, so here is the market around it.

In ZIP 33637, 72 homes are on the market and 21% are under contract — a steady corner of Temple Terrace.

Across Hillsborough County, 6,274 homes are active and 1,939 pending (24% under contract).

In ZIP 33637 (TEMPLE TERRACE), 113 homes closed in the last 12 months at a median of $300K ($262/sq ft), down 0.2% year over year, with a median 42 days on market. Right now 18 active and 3 pending listings put supply at about 6.8 months - a buyer's market. See the live ZIP 33637 housing market and the Hillsborough County market.

ZIP and county figures describe the wider market, not Terrace River specifically. Momentum Research analysis of MLS records.

Housing distress & ownership in Terrace River Ph 1 Temple Terrace, TEMPLE TERRACE

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
3.33%
1 of 30 listings · short sale 1
Distress share trend - 3.33% now (2026-08-10 → 2026-09-12)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period September 2026 through September 2026. Deemed reliable but not guaranteed.

Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.

Community amenities as reported across Stellar MLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.

Schools

In short
  • Hillsborough County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Hillsborough County Public Schools (verify by address) · Public
  • Confirm zoned elementary, middle, and high · By address
  • Magnet, IB, and choice options may apply · Choice

Zoned schools reflect the assignments reported on recent Terrace River listings and can change; always confirm with Hillsborough County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Terrace River address.

If we were buying in Terrace River today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Terrace River.

Best Buy
Buyers who want an established, larger-footprint home in Temple Terrace and are comfortable with a limited, slow-moving inventory pool.
Biggest Risk
The thin data set - just two active listings - makes pricing and timing harder to benchmark with confidence.
Sweet Spot
Homes built in the early 2000s offering roughly 2,300 square feet, the community's typical profile.
Avoid If
You need to buy or sell on a tight timeline in a market this thin, avoid it and plan for extra lead time instead.

A small, established slice of Temple Terrace

The build timeline - 1975 through 2007, with a median year of 2002 - means Terrace River Ph 1 blends older, more established construction with a newer wave of homes from the early 2000s. That spread is worth walking a buyer through room by room rather than assuming uniformity across the community; a 1970s-era home and a 2005-built home on the same street can carry very different systems, layouts, and lot treatments even under one HOA.

Just over half of the homes (53.8%) carry a homestead exemption, which points to a community with a meaningful base of owner-occupied primary residences rather than one dominated by investment or seasonal ownership. Deed restrictions apply, and the community lists tennis courts and a park among its shared amenities - worth confirming directly with the HOA on current access and condition, since MLS-reported amenities can lag reality.

The location and the amenities are priced into every listing in Terrace River. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a community with only two active listings, generic market data will not tell you much - you need someone tracking this specific pocket closely, cross-checking HOA amenity details, and pricing off the actual condition and vintage of a home rather than a thin comp set. That is the kind of legwork we do before we ever put a number in front of a client.

Terrace River in 15 seconds.

Best forBuyers who want an established, larger-footprint home in Temple Terrace and are comfortable with a limited, slow-moving inventory pool.
Biggest advantageVery low competing inventory means less bidding pressure whenever a home does list.
Biggest riskThe thin data set - just two active listings - makes pricing and timing harder to benchmark with confidence.
Sweet spotHomes built in the early 2000s offering roughly 2,300 square feet, the community's typical profile.
Avoid ifYou need to buy or sell on a tight timeline in a market this thin, avoid it and plan for extra lead time instead.

HOA, CDD & Fees

In short
  • HOA dues reported around $110/month (about $1,320/yr) · median of 12 MLS listings, most billed monthly
  • Any club/amenity membership is billed separately

Listings in this community report association dues of about $110 per month ($1,320 a year) - the median AssociationFee across 12 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

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

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Terrace River sales matched to your home.

What is your Terrace River home worth?

Get a no-obligation home value based on real comparable sales in Terrace River, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See all homes for sale in Temple Terrace →

Real comps, not an automated estimate.

Recently off market in Terrace River Ph 1

Homes in Terrace River Ph 1 that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.

Terrace River Market Scorecard

Strong buyer's market

Terrace River is currently a strong buyer's market. About 24.0 months of supply, a median asking price of $407,500, and homes go under contract in about 24 days.

24.0
Months supply
$407,500
Median list
$375,000
Median sold
$176
Per sqft
24
Days on mkt
4/0/2
Active/Pend/Sold

Typical home value in the 33637 ZIP is $299,318, right around the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: Stellar MLS, distributed by MLS GRID, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Is Terrace River a buyer's or seller's market right now?
As of September 12, 2026, Terrace River leans toward buyers: 24.0 months of supply at the current sales pace (Stellar MLS live counts).
What schools serve Terrace River?
Terrace River is served by Hillsborough County Public Schools, typically Hillsborough County Public Schools (verify by address) and Confirm zoned elementary, middle, and high. Confirm the exact zoning by address with the district.
Who is the best real estate agent for Terrace River?
The best agent for Terrace River is one who actively works Temple Terrace and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Terrace River.
How do I find a top Temple Terrace real estate agent who knows Terrace River?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Terrace River and the wider Temple Terrace area.
Can Momentum Realty connect me with an agent for Terrace River?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Terrace River purchase or sale - no call center and no pressure.
Buyers seeking a larger, established home footprint (around 2,300 square feet) rather than a newer, smaller buildExcellent fit
Buyers who value owner-occupancy patterns and are comfortable with deed-restricted community rulesExcellent fit
Buyers with flexible timing who can wait for the right listing in a low-inventory pocketExcellent fit
Buyers who need a wide selection of active listings to compare before decidingProbably not
Buyers on a tight relocation timeline who cannot wait for limited inventory to turn overProbably not
Buyers seeking a newly built home, given the community's build range tops out in the mid-2000sProbably not

Data sources & freshness

Live listingsStellar MLS, refreshed twice daily (last: September 13, 2026)
Under-contract sharesStellar MLS records, as of 2026-09-08
Schools2025-26 district assignments + FLDOE school grades; verify with the district
Historical depthClosed-sale records back to 2013 (33 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

Own a home here?

You just read the data. Now see what your home is worth.

The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.

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Nearby Communities

Explore more neighborhoods near Terrace River with Momentum Realty’s local guides.

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Thinking of selling in Terrace River Ph 1? 2 recorded closings (window ending 2026-09-12). See the Hillsborough County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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