33706
Tampa, Florida
Tampa 33706 needs watching.
The 33706 ZIP code in Tampa, Florida has a median sale price of $648K, down -13.7% year-over-year. Homes spend an average of 91 days on market, with 4% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33706.
The 33706 market has shifted decisively toward buyers, with the median sale price settling at $647,500 after a 13.7% year-over-year decline. Homes are averaging 90.5 days on market, substantially above the velocity seen in tighter conditions. Only 4% of transactions close above list price, signaling minimal competition and weak pricing power for sellers. This represents a clear deceleration from previous cycles, with inventory absorption slowing considerably across the zone.
Price-sensitive buyers gain significant leverage in this environment, particularly those willing to negotiate during the 90-day average listing period. The 13.7% correction creates entry points for owner-occupants previously priced out during peak valuations. Sellers facing timeline pressure should expect extended marketing periods and reduced premium capture, given that 96% of transactions occur at or below asking price. Investors seeking cash flow over appreciation may find stabilized pricing, though the PropIQ score suggests caution on near-term value recovery.
The PropIQ score of 41 indicates elevated risk factors that warrant close monitoring of absorption rates and inventory trends through Q2 2026. Price discovery remains incomplete as the market digests the double-digit correction, with days-on-market metrics suggesting further softening before stabilization. Buyers should track whether the 90-day DOM extends beyond 100, which would signal deeper distress, while sellers must price aggressively to avoid the extended tail affecting 96% of comparable listings.
What is the median home price in 33706 Tampa?
The median sale price in 33706 is $648K, down -13.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 33706?
Homes in 33706 Tampa spend an average of 91 days on market before going under contract.
Is Tampa 33706 a good place to invest in real estate?
Folio's PropIQ™ score for 33706 is 41/100 — a Caution signal. 4% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 33706?
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 41 = Caution in 33706 Tampa, Florida.