33605
Tampa, Florida

The 33605 market shows modest appreciation with the median sale price reaching $309,000, representing an 8.4% year-over-year increase that trails Tampa's broader metro gains. Homes are averaging 70 days on market, indicating a normalized absorption rate that contrasts sharply with the sub-30-day turnover seen during the 2021-2022 peak. Only 9% of properties are selling above list price, confirming that bidding war dynamics have largely dissipated and price discovery has returned to this submarket.

These conditions favor patient buyers with financing contingencies who can capitalize on the 70-day marketing window to conduct thorough due diligence. Sellers with equity captured during previous appreciation cycles can still exit profitably given the 8.4% annual gain, but those expecting 2022-era premiums will face reality adjustments. Value-add investors targeting cash-flowing properties benefit from reduced competition, as the single-digit above-ask percentage indicates institutional capital has rotated elsewhere.

The PropIQ score of 65 signals caution rather than distress, suggesting stable but unexciting near-term performance with vulnerability to rate fluctuations or inventory surges. The gap between the 8.4% price growth and the 70-day absorption rate indicates demand is decelerating faster than sellers are acknowledging. Monitor absorption trends through Q2 2026—if days on market extend beyond 80 while above-list transactions drop below 7%, expect price growth to compress toward the 4-6% range by year-end.