3 luxury homes closed in Buffalo Heights, Tampa over the last 6 months at a median $1.15M ($384 per square foot), taking a median 68 days to go under contract; 3 are for sale today with 4 under contract. 67% cut their price and it still took 68 days.
In Buffalo Heights (Tampa) the price cut is being used as a strategy and it is a slow one. A cut that trails the market never catches it: each reduction lands where the market already was, and the listing ages while it chases. The alternative is one correct number at the start, which is a conversation worth having before the photographs are taken.
Buffalo Heights (Tampa) does not trade often enough for averages to carry weight. At this price point that is normal and it is exactly why portal estimates are worst here: with 3 comparable sales, the condition, the lot and the finish decide the number, not the median.
Every figure above is an aggregate over closed sales in Buffalo Heights, Tampa in the 6 months through October 23, 2026, taken from licensed Stellar MLS data. Months of supply is the current number for sale divided by the recent monthly sales pace. "Sold vs original ask" compares the closing price to the price the home was FIRST listed at, which is where overpricing shows up — the final asking price has usually already absorbed the cuts. None of this is an appraisal or a valuation of any particular property.
of $1M+ homes listed January 2024 to October 2025 didn’t sell within a year, counting private sales.
of the first price: an offer in the first 30 days, then after.
of homes in flood zone AE vs zone X didn’t sell within a year (listed since 2024).
was the typical break-even building budget on 341 lots and teardowns that became $1M+ homes since 2024.
Where your home sits against the measured outcomes — its price band, size, flood zone, building age and the time comparable attempts took — and what I would do about it. Written by me, not generated.