34604
Tampa, Florida

The 34604 ZIP code shows a median sale price of $348,180 with year-over-year appreciation of 9.7%, outpacing typical inflation but cooling from prior peak periods. Average days on market has extended to 81 days, indicating slower absorption than high-velocity periods when properties moved within 30-45 days. Only 14% of homes are selling above list price, down from the 40-50% rates seen in overheated conditions, signaling reduced bidding competition and more balanced negotiating dynamics.

This environment favors patient buyers with financing secured who can leverage the 81-day average DOM to negotiate on price and inspection terms. Sellers with equity from the 9.7% annual gain should list now rather than wait, as the 14% above-list metric suggests pricing discipline is critical. Investors focused on cash flow over appreciation may find entry points, but the PropIQ score of 61 indicates heightened due diligence on neighborhood-level fundamentals is necessary before capital deployment.

The 61 PropIQ score reflects caution signals that warrant monitoring inventory accumulation and days-on-market trends monthly. If DOM extends beyond 90 days while above-list sales drop below 10%, price corrections of 3-5% become probable within two quarters. Watch for shifts in local employment data and mortgage rate movements, as the current 9.7% appreciation rate is vulnerable to demand erosion if affordability constraints intensify through mid-2026.