34602
Tampa, Florida
Tampa 34602 needs watching.
The 34602 ZIP code in Tampa, Florida has a median sale price of $297K, down -5.8% year-over-year. Homes spend an average of 112 days on market, with 12% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 34602.
The 34602 ZIP code is experiencing a buyer-advantaged correction, with the median sale price settling at $296,500 after a 5.8% year-over-year decline. Inventory is moving slowly at 112 days on market, nearly double the velocity seen in balanced conditions. Only 12% of homes are commanding above-list offers, indicating sellers have lost pricing power. This represents a significant shift from the competitive dynamics that characterized Tampa's pandemic-era market.
Value-focused buyers willing to negotiate gain leverage in these conditions, particularly those with pre-approved financing who can capitalize on extended marketing periods. The 112-day absorption rate creates room for aggressive offers 5-10% below list price. Cash investors seeking rental income may find compressed pricing attractive at $296,500, though the 5.8% depreciation demands careful rent-versus-purchase analysis. Sellers face challenges unless pricing reflects current downward trajectory.
The PropIQ score of 51 signals neutral-to-negative momentum, suggesting prices may soften further before stabilization. Critical indicators to monitor include whether days-on-market extends beyond 120 days and if the above-list percentage drops below 10%, both confirming continued buyer control. The 5.8% decline may accelerate if inventory builds without corresponding demand absorption. This market requires three-month data intervals to detect directional changes.
What is the median home price in 34602 Tampa?
The median sale price in 34602 is $297K, down -5.8% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 34602?
Homes in 34602 Tampa spend an average of 112 days on market before going under contract.
Is Tampa 34602 a good place to invest in real estate?
Folio's PropIQ™ score for 34602 is 51/100 — a Caution signal. 12% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 34602?
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 51 = Caution in 34602 Tampa, Florida.