33598
Tampa, Florida
Tampa 33598 needs watching.
The 33598 ZIP code in Tampa, Florida has a median sale price of $335K, down -7.0% year-over-year. Homes spend an average of 82 days on market, with 12% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33598.
The 33598 market has softened considerably, with the median sale price settling at $334,960 after a 7.0% year-over-year decline. Homes are averaging 82 days on market, substantially above the 30-45 day range typical of balanced conditions. Only 12% of properties are selling above list price, indicating limited competition and weakened buyer urgency. This pricing pressure suggests sellers are adjusting expectations downward to meet current demand levels in this Tampa submarket.
Price-sensitive buyers gain negotiating leverage in these conditions, particularly those willing to wait through the extended 82-day marketing period for additional concessions. The 88% of homes selling at or below list price creates room for offer strategies below asking price. Investors seeking cash flow over appreciation should find entry points more favorable than the previous year, though the 55 PropIQ score warrants careful underwriting of rent-to-price ratios and local employment fundamentals before committing capital.
The 55 PropIQ rating signals neither strong growth nor distress, but rather a market requiring increased due diligence. The 7.0% price correction may not be complete if days on market continues extending beyond 82 days or if the percentage selling above list drops below 10%. Monitor monthly absorption rates and new listing volume through Q2 2026 to determine whether this represents temporary recalibration or the beginning of sustained downward pressure on valuations.
What is the median home price in 33598 Tampa?
The median sale price in 33598 is $335K, down -7.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 33598?
Homes in 33598 Tampa spend an average of 82 days on market before going under contract.
Is Tampa 33598 a good place to invest in real estate?
Folio's PropIQ™ score for 33598 is 55/100 — a Caution signal. 12% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 33598?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 33598 Tampa, Florida.