34654
Tampa, Florida

The 34654 ZIP code recorded a median sale price of $300,000 as of February 2026, reflecting modest appreciation of 2.6% year-over-year. Homes are spending an average of 59 days on market, suggesting moderate absorption rates rather than the rapid turnover seen in competitive markets. Only 12% of properties sold above list price, indicating limited bidding pressure and providing buyers with negotiating leverage in most transactions.

This market structure favors deliberate buyers willing to negotiate, particularly first-time purchasers and owner-occupants who can utilize the 59-day marketing window to conduct thorough due diligence. The 12% above-asking rate means 88% of transactions close at or below list price, creating room for offer strategies below asking. Sellers face a measured environment where realistic pricing matters more than in appreciation-driven markets, while investors seeking cash flow over rapid appreciation may find stabilized entry points.

The PropIQ score of 65 signals caution, suggesting underlying vulnerabilities that could pressure the modest 2.6% growth rate. Inventory trends and absorption rates require monitoring, as the 59-day DOM could extend if supply increases without corresponding demand. The low percentage of above-list sales indicates buyer enthusiasm remains constrained, making this market susceptible to downward price revision if economic conditions shift or mortgage rates elevate further.