34638
Tampa, Florida
Tampa 34638 is stable.
The 34638 ZIP code in Tampa, Florida has a median sale price of $409K, up +3.7% year-over-year. Homes spend an average of 65 days on market, with 11% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The 34638 ZIP code reports a median sale price of $409,000 as of February 2026, marking a moderate 3.7% year-over-year increase that trails national averages. Homes are moving at a measured pace with 65 days on market, while only 11% of properties close above asking price—a clear indicator of buyer leverage returning to this Tampa market. This pricing dynamic suggests the post-pandemic seller's market has definitively shifted toward equilibrium conditions.
Cost-conscious buyers gain the most advantage in these conditions, with 89% of transactions closing at or below list price and over two months of inventory time for due diligence. The $409,000 price point positions this area for first-time buyers stretching into single-family homes and investors seeking cash-flow properties without bidding war premiums. Sellers with equity from 2021-2022 appreciation can still exit profitably, but those who purchased within the last 18 months face compressed margins.
The PropIQ score of 65 signals caution, indicating potential price stagnation or minor declines if days-on-market extends beyond 70-75 days. The 3.7% appreciation rate could compress further if mortgage rates remain elevated or if Tampa's inventory levels continue normalizing from historic lows. Monitor the percentage of above-ask sales closely; a drop below 8% would confirm a definitive buyer's market emerging in this corridor.
What is the median home price in 34638 Tampa?
The median sale price in 34638 is $409K, up +3.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 34638?
Homes in 34638 Tampa spend an average of 65 days on market before going under contract.
Is Tampa 34638 a good place to invest in real estate?
Folio's PropIQ™ score for 34638 is 65/100 — a Caution signal. 11% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 34638?
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 65 = Caution in 34638 Tampa, Florida.