34688 (Tarpon Springs)
Housing Market
Median sale price $484,500, down 2.8% year over year, with homes going under contract in about 53 days, 32 homes on the market.
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Housing Market Analyst
Inventory sits at 6.7 months of supply — heavy by the 3-to-6-month balanced benchmark, and 18% of listed homes are already under contract. Prices are down 2.8% versus the prior year, but sellers are still collecting 91.5% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors buyers.
- Prices — heavy supply keeps the pressure on sellers; softening is the path of least resistance.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 18% of inventory sits under contract.
- Mortgage sensitivity — at 5.3× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 34688 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
Where 34688 is hot — and where it isn't
Each dot is a community (17 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on 34688 (Tarpon Springs)
The median sale price across 34688 currently stands at $484,500, down 2.8% from a year ago. Buyers are paying a median of $240 per square foot. The typical home goes under contract in about 53 days. Sellers are capturing 91.5% of their original asking price on average.
There are 32 active listings on the market, with 6 more already under contract. At the current sales pace that works out to 6.7 months of supply — a buyer-leaning market by the standard six-month benchmark. 59 homes closed here over the trailing 12 months.
Zillow's home value index for Pinellas County stands at $371,631. About 30% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 34688 is 39 of 100 — buyer's opportunity territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 6, 2026.
34688 since 2014 — and where it’s heading
A median home here sold for $184,625 in 2014 and $472,187 over the last recorded year — 156% appreciation across 12 years of recorded sales. Cash buyers took 43% of recent sales, down from a 43% peak.
Median sale price · 2014–2026 (1,072 recorded sales)
Days on market by year
Cash buyers · share of sales
Home value trend · Pinellas County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Pinellas County (MLS)
What’s driving 34688
Top inbound states: NY, CA, NJ, PA. Movers arriving report ~$95,596 average income. Source: IRS SOI county-to-county migration, 2022-2023
20,791 Citizens policies in force in Pinellas County — the state-backed insurer of last resort. Budget insurance into any Pinellas purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
1,376 single-family · 2,822 multi-family · 4.4 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Pinellas
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 34688 ← this page | $484K | 32 | 39 | |
| 33703 | $415K | 97 | 52 | Open → |
| 33707 | $338K | 94 | 47 | Open → |
| 33702 | $319K | 89 | 42 | Open → |
| 33767 | $737K | 61 | 31 | Open → |
| 33770 | $353K | 58 | 48 | Open → |
Neighborhoods on the move
| CRESCENT OAKS COUNTRY CLUB PH 1Tarpon Springs | $800K | ▲ 30% |
| TAMPA & TARPON SPGS LAND COTarpon Springs | $378K | ▲ 4% |
| KEYSTONE - PH 2Tarpon Springs | $585K | ▲ 2% |
| PINE RIDGE AT LAKE TARPON VILLAGETarpon Springs | $174K | ▲ -8% |
| PINE RIDGE AT LAKE TARPON VILLAGETarpon Springs | $174K | ▼ 8% |
| KEYSTONE - PH 2Tarpon Springs | $585K | ▼ 2% |
| TAMPA & TARPON SPGS LAND COTarpon Springs | $378K | ▼ 4% |
| CRESCENT OAKS COUNTRY CLUB PH 1Tarpon Springs | $800K | ▼ 30% |
| PINE RIDGE AT LAKE TARPON VILLAGETarpon Springs | $174K | 28 |
| KEYSTONE - PH 2Tarpon Springs | $585K | 9 days |
| PINE RIDGE AT LAKE TARPON VILLAGETarpon Springs | $174K | 42 days |
| CRESCENT OAKS COUNTRY CLUB PH 1Tarpon Springs | $800K | 64 days |
| TAMPA & TARPON SPGS LAND COTarpon Springs | $378K | 80 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 34688 right now?
The data says conditions currently favor buyers in 34688 — the Momentum Score reads 39/100 with 6.7 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 34688 becoming more affordable?
Yes, modestly — the median sale price in 34688 is $484,500, down 2.8% versus the prior year, while sellers still capture 91.5% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in 34688?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are PINE RIDGE AT LAKE TARPON VILLAGE (-8%); KEYSTONE - PH 2 (2%); TAMPA & TARPON SPGS LAND CO (4%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which 34688 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are KEYSTONE - PH 2 (9 days); PINE RIDGE AT LAKE TARPON VILLAGE (42 days); CRESCENT OAKS COUNTRY CLUB PH 1 (64 days) — homes there go under contract well ahead of the market-wide pace of 53 days.
34688 (Tarpon Springs) housing market FAQ
What is the median home price in 34688?
The median sale price in 34688 is currently $484,500, down 2.8% from a year ago, based on MLS sales data updated August 6, 2026.
Is 34688 a buyer's or seller's market right now?
The data currently favors buyers. 34688 scores 39 of 100 on the Momentum Score, with 6.7 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 34688?
The typical home in 34688 goes under contract in about 53 days, per current MLS data.
How many homes are for sale in 34688?
There are approximately 32 active listings in 34688 as of August 6, 2026.
Are home prices in 34688 rising or falling?
Median sale prices are down 2.8% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 34688 (Tarpon Springs). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: August 6, 2026 at 7:18 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.