33609
Tampa, Florida
Tampa 33609 needs watching.
The 33609 ZIP code in Tampa, Florida has a median sale price of $626K, down -14.5% year-over-year. Homes spend an average of 58 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 33609.
The 33609 market has shifted decisively in favor of buyers, with the median sale price reaching $626,250 after a substantial 14.5% year-over-year decline. Homes are averaging 58 days on market, indicating measured rather than urgent buyer activity. Only 12% of properties are selling above list price, confirming that competitive bidding has largely evaporated from this ZIP code. This price correction represents one of the more significant pullbacks in the Tampa metro area.
Price-sensitive buyers and value investors will find the most advantageous conditions in this environment. The 14.5% decline creates entry points substantially below 2025 levels, while the 58-day market time provides adequate due diligence runway without pressure. Sellers face headwinds and should expect extended negotiation periods, with only one in eight properties commanding premium pricing. First-time buyers previously priced out have quantifiable opportunities given current valuation resets.
The PropIQ score of 55 signals continued caution, suggesting price discovery remains incomplete in this market. With 88% of sales at or below list price, further downward pressure may materialize if inventory continues accumulating beyond the current 58-day absorption rate. Watch for stabilization in days-on-market metrics and improvement in above-list transactions before confirming a floor. The data indicates a transitional market seeking equilibrium rather than one positioned for immediate appreciation.
What is the median home price in 33609 Tampa?
The median sale price in 33609 is $626K, down -14.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 33609?
Homes in 33609 Tampa spend an average of 58 days on market before going under contract.
Is Tampa 33609 a good place to invest in real estate?
Folio's PropIQ™ score for 33609 is 55/100 — a Caution signal. 12% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 33609?
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 33609 Tampa, Florida.