34605
Tampa, Florida
Tampa 34605 needs watching.
The 34605 ZIP code in Tampa, Florida has a median sale price of $410K, down N/A year-over-year. Homes spend an average of 50 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 34605.
The 34605 market shows clear stagnation with a $410,000 median sale price holding flat year-over-year and zero homes closing above list price. Properties average 50 days on market, indicating neither urgency nor desperation among the limited buyer pool. This pricing plateau suggests demand has met resistance at current levels, with sellers unable to extract premiums despite broader Tampa market dynamics that typically favor appreciation.
Buyers gain meaningful leverage in this environment, particularly those willing to negotiate below asking price given the 0% above-list close rate. First-time purchasers and value-focused investors can capitalize on extended 50-day marketing periods to conduct thorough due diligence and submit conservative offers. Sellers face unfavorable conditions and should consider delisting until market signals improve, as the data indicates no competition driving urgency or multiple-bid scenarios.
The PropIQ score of 27/100 signals deteriorating fundamentals that warrant caution before committing capital. This rating suggests downside risk exceeds upside potential in the near term, with flat year-over-year pricing likely masking monthly declines within the trailing twelve months. Monitor absorption rates and new listing volume closely—if days on market extend beyond 60 or inventory accumulates, price corrections become probable within the next two quarters.
What is the median home price in 34605 Tampa?
The median sale price in 34605 is $410K, down N/A year-over-year as of 2025-03-31.
How long do homes stay on the market in Tampa 34605?
Homes in 34605 Tampa spend an average of 50 days on market before going under contract.
Is Tampa 34605 a good place to invest in real estate?
Folio's PropIQ™ score for 34605 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 34605?
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 27 = Caution in 34605 Tampa, Florida.