33704
Tampa, Florida
Tampa 33704 needs watching.
The 33704 ZIP code in Tampa, Florida has a median sale price of $895K, up +1.8% year-over-year. Homes spend an average of 82 days on market, with 4% 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 33704.
The 33704 market shows muted momentum with a median sale price of $895,000 and modest year-over-year appreciation of 1.8%, trailing inflation and indicating limited price pressure. Inventory is moving slowly at 81.5 days on market, well above the 30-day threshold that typically signals balanced conditions. Only 4% of homes are selling above list price, confirming weak buyer competition and minimal bidding warfare in this coastal Tampa submarket.
This environment favors patient buyers with negotiating leverage, particularly those seeking waterfront or premium properties without the urgency premium that dominated 2021-2023. Sellers face headwinds and should price competitively from listing day, as the 81.5-day absorption rate suggests overpriced inventory will stagnate. Investors chasing appreciation should exercise caution—the 1.8% gain barely covers holding costs, making cash flow fundamentals more critical than speculative upside in this cycle.
The PropIQ score of 55 signals deteriorating conditions ahead, suggesting further deceleration in both pricing power and transaction velocity. Watch for days-on-market to extend beyond 90 if mortgage rates remain elevated or inventory continues accumulating. The lack of above-list sales and subdued price growth indicate 33704 is transitioning toward a buyer's market, with potential for price cuts to become necessary for motivated sellers within the next two quarters.
What is the median home price in 33704 Tampa?
The median sale price in 33704 is $895K, up +1.8% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 33704?
Homes in 33704 Tampa spend an average of 82 days on market before going under contract.
Is Tampa 33704 a good place to invest in real estate?
Folio's PropIQ™ score for 33704 is 55/100 — a Caution signal. 4% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 33704?
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 33704 Tampa, Florida.