33617
Tampa, Florida

Tampa's 33617 ZIP code shows a median sale price of $339,000 as of February 2026, marking a significant 31.4% year-over-year increase that outpaces most Florida markets. Properties are moving at a moderate pace with an average 52 days on market, while only 13% of homes are selling above list price—a notable decline from the bidding war environment of previous years. This combination of strong appreciation with cooling competitive intensity suggests a market transitioning from overheated to more balanced conditions.

The current environment favors sellers who purchased before the recent price surge and can capitalize on the 31.4% annual gain, while buyers face reduced competition with 87% of homes selling at or below asking price. Cash investors seeking rental properties may find opportunity in the $339,000 entry point, particularly if the 52-day market time allows for inspection contingencies and negotiation leverage that were unavailable during tighter inventory periods. First-time buyers regain some negotiating power absent in previous quarters.

The PropIQ score of 65 signals caution, suggesting price growth at 31.4% annually is likely unsustainable and vulnerable to correction. Markets with this intelligence rating typically experience deceleration within 6-12 months as affordability constraints limit buyer pools. Monitor absorption rates and any increase in price reductions among active listings—early indicators that the current $339,000 median may represent a near-term peak rather than a stable baseline for continued appreciation.