33616
Tampa, Florida
Tampa 33616 needs watching.
The 33616 ZIP code in Tampa, Florida has a median sale price of $425K, down -1.4% year-over-year. Homes spend an average of 87 days on market, with 15% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33616.
The 33616 market has entered a correction phase with the median sale price at $425,000, down 1.4% year-over-year—a reversal from Tampa's recent appreciation cycle. Inventory absorption has slowed significantly, with properties averaging 86.5 days on market, indicating reduced buyer urgency. Only 15% of homes are commanding above-list offers, demonstrating weakened seller leverage compared to the bidding wars that characterized 2021-2023. This pricing pressure suggests the market is recalibrating from peak valuations.
Buyers with flexible timelines gain substantial negotiating power in these conditions, as the 86.5-day market cycle allows for thorough due diligence and multiple counteroffers. The 85% of transactions closing at or below list price creates room for price discovery that didn't exist during tighter inventory periods. Sellers who purchased before 2022 retain equity cushion despite the 1.4% decline, while recent buyers face minimal appreciation. Investors seeking cash flow over appreciation may find stabilized entry points at current valuations.
The PropIQ score of 60 signals continued market uncertainty, warranting a defensive posture on new acquisitions in this ZIP code. The combination of negative price momentum and extended days-on-market metrics suggests further softening is possible before stabilization occurs. Monitoring monthly sold-to-list price ratios and inventory growth will indicate whether the 1.4% decline accelerates or moderates through Q2 2026.
What is the median home price in 33616 Tampa?
The median sale price in 33616 is $425K, down -1.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 33616?
Homes in 33616 Tampa spend an average of 87 days on market before going under contract.
Is Tampa 33616 a good place to invest in real estate?
Folio's PropIQ™ score for 33616 is 60/100 — a Caution signal. 15% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 33616?
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 60 = Caution in 33616 Tampa, Florida.