34695
Tampa, Florida

The 34695 ZIP code shows measured appreciation with a median sale price of $562,500, up 2.3% year-over-year, trailing both national and regional benchmarks for coastal Florida markets. Homes are moving at a moderate pace, averaging 66 days on market, while only 8% of transactions close above asking price. This limited bidding activity indicates a substantial shift from the competitive conditions that characterized Tampa-area markets through 2024, suggesting buyers have regained negotiating leverage in this price segment.

This environment favors patient buyers with financing secured who can capitalize on the 66-day average marketing period to conduct thorough due diligence and negotiate concessions. Sellers with equity built before 2023 can still exit profitably given the 2.3% annual gain, though those who purchased at peak pricing may face compressed margins. Investors seeking cash-flow properties will find the extended days-on-market metric useful for identifying motivated sellers, particularly in the 92% of listings that fail to exceed ask price.

The PropIQ score of 65 signals caution, reflecting underlying pressure that may constrain near-term appreciation beyond the current 2.3% trajectory. With absorption rates suggesting balanced-to-soft conditions, monitor inventory levels and any acceleration beyond 66 days on market as leading indicators of further price moderation. This score typically correlates with markets entering a consolidation phase where transaction volume matters more than price momentum for the next two quarters.