34685
Tampa, Florida
Tampa 34685 needs watching.
The 34685 ZIP code in Tampa, Florida has a median sale price of $441K, down -9.1% year-over-year. Homes spend an average of 65 days on market, with 7% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 34685.
The 34685 market shows clear deceleration, with the median sale price reaching $441,000 after declining 9.1% year-over-year. Homes now average 65 days on market, indicating extended listing periods compared to tighter market conditions. Only 7% of properties sell above asking price, demonstrating minimal competitive pressure and signaling a shift toward buyer-favorable negotiations. This price compression reflects broader cooling across Tampa's suburban corridors as affordability constraints and inventory normalization reshape transaction dynamics.
Buyer conditions are optimal for those with flexible timelines and strong financing, as the 65-day average marketing period provides leverage for price negotiations below list. Cash investors seeking rental income face compressed cap rates given the $441,000 entry point, requiring careful underwriting of rental yields. Sellers with equity accumulated before 2024 can still exit profitably, but those who purchased within the past 18 months confront potential loss scenarios given the 9.1% decline.
The PropIQ score of 55 signals continued caution, suggesting further price softening or prolonged stagnation through the next two quarters. Monitoring absorption rates and any increase beyond the current 7% above-list sales ratio will indicate demand stabilization. The market requires inventory reduction or renewed buyer urgency to reverse momentum, neither of which appears imminent based on current velocity metrics and price trajectory.
What is the median home price in 34685 Tampa?
The median sale price in 34685 is $441K, down -9.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tampa 34685?
Homes in 34685 Tampa spend an average of 65 days on market before going under contract.
Is Tampa 34685 a good place to invest in real estate?
Folio's PropIQ™ score for 34685 is 55/100 — a Caution signal. 7% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 34685?
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 55 = Caution in 34685 Tampa, Florida.