33602
Tampa, Florida
Tampa 33602 needs watching.
The 33602 ZIP code in Tampa, Florida has a median sale price of $625K, down -14.3% year-over-year. Homes spend an average of 117 days on market, with 10% 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 33602.
The 33602 market has shifted decisively in buyers' favor, with the median sale price reaching $625,000 while declining 14.3% year-over-year. Properties now average 117 days on market, nearly four months of holding time that signals weakened demand. Only 10% of homes sell above asking price, confirming that seller pricing power has evaporated compared to previous market cycles. This deceleration represents one of the sharper corrections in the Tampa metro area.
Price-sensitive buyers gain maximum leverage in these conditions, particularly those willing to negotiate on properties approaching the 117-day market threshold. The 10% above-list figure means 90% of transactions close at or below asking, creating room for offer strategies below list price. Sellers facing immediate liquidity needs or holding costs encounter unfavorable timing, while investors seeking cash-flowing rentals can exploit the 14.3% price reduction to improve cap rates versus 2025 entry points.
The PropIQ score of 55 signals continued caution, suggesting the correction may not have reached its floor. Monitoring absorption rates and whether days-on-market extends beyond 117 will indicate if further price discovery occurs. The score sits in neutral territory rather than signaling recovery, implying stabilization requires either demand catalysts or additional price adjustments before momentum reverses in this submarket.
What is the median home price in 33602 Tampa?
The median sale price in 33602 is $625K, down -14.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 33602?
Homes in 33602 Tampa spend an average of 117 days on market before going under contract.
Is Tampa 33602 a good place to invest in real estate?
Folio's PropIQ™ score for 33602 is 55/100 — a Caution signal. 10% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 33602?
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 33602 Tampa, Florida.