33607
Tampa, Florida
Tampa 33607 needs watching.
The 33607 ZIP code in Tampa, Florida has a median sale price of $389K, down -6.3% year-over-year. Homes spend an average of 72 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 33607.
The 33607 market has shifted decisively in favor of buyers, with the median sale price of $389,000 representing a 6.3% year-over-year decline. Homes are averaging 72 days on market, indicating substantially slower absorption than the pandemic-era frenzy. Only 10% of properties are commanding above-ask offers, confirming that seller pricing power has evaporated. This price correction reflects Tampa's broader recalibration as inventory normalizes and rate-sensitive buyers exercise patience.
Cost-conscious first-time buyers and long-term investors gain maximum advantage in these conditions. The 72-day marketing period provides negotiating leverage that didn't exist when properties moved in single-digit days. Sellers facing carrying costs or timeline pressures represent the best targets, particularly given the 10% above-list metric suggests 90% of transactions close at or below ask. Speculative flippers should avoid this environment entirely, as the negative 6.3% trajectory eliminates quick-turn margin potential.
The PropIQ score of 55 signals continued caution through the next two quarters, suggesting prices may compress further before stabilization. Inventory trends and days-on-market velocity will determine whether this reaches a floor or continues sliding toward 60-plus day averages. Buyers should monitor monthly absorption rates and the percentage of listings taking price reductions, which will confirm whether sellers capitulate or withdraw inventory. Immediate urgency remains unwarranted given current momentum indicators.
What is the median home price in 33607 Tampa?
The median sale price in 33607 is $389K, down -6.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 33607?
Homes in 33607 Tampa spend an average of 72 days on market before going under contract.
Is Tampa 33607 a good place to invest in real estate?
Folio's PropIQ™ score for 33607 is 55/100 — a Caution signal. 10% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 33607?
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 33607 Tampa, Florida.