34691
Tampa, Florida

ZIP code 34691 in Tampa shows cooling momentum with a median sale price of $227,250, down 4.9% year-over-year as of February 2026. Homes are moving at a moderate pace, averaging 56 days on market, while only 13% of properties sell above list price—indicating reduced competition and weakened seller leverage. This price decline in a market previously characterized by Florida's pandemic-era appreciation signals a normalization phase where buyers have regained negotiating power after years of seller dominance.

The current conditions favor patient buyers with financing secured and flexible timelines to capitalize on the 56-day average marketing period. Cash investors seeking rental properties can negotiate below-ask deals, given that 87% of transactions close at or below list price. Sellers face headwinds and should avoid listing unless necessary, as the 4.9% annual decline erodes equity while extended DOM increases carrying costs and the likelihood of accepting discounted offers to close transactions.

The PropIQ score of 55 signals caution, suggesting continued price softness or stagnation rather than immediate recovery. With only 13% of homes commanding premiums, watch for further DOM extension or increased listing inventory that would pressure prices lower. The -4.9% decline may stabilize if interest rates drop or local employment strengthens, but current data points toward a buyer's market persisting through mid-2026 without significant external catalysts.