$2,374 Closing Credit*
$199,900
1,344 SqFt
3 Beds
•3 Full Baths
Listing Office: Destination Real Estate Corp
Is Southwest Leon, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Southwest Leon was a Seller's Market.
Key Takeaway
Southwest Leon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwest Leon, FL
How much do homes in Southwest Leon, FL cost?
Median Sold Price
$270,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$5,000(+1.9%)
Key Takeaway
Homes in Southwest Leon have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Southwest Leon was $270,000 in December 2024, up 1.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268.5K | $240K | -10.6% |
| 2 Bedrooms | $217.5K | $300K | +37.9% |
| 3 Bedrooms | $265K | $250K | -5.7% |
| 4 Bedrooms | $266.2K | $324K | +21.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Southwest Leon housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 37.9%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tallahassee Southwest | $143.7K | $170K | +18.3% |
| Tallahassee Northwest | $172.5K | $185K | +7.2% |
| Northwest Leon | $260.7K | $275K | +5.5% |
| Southwest Leon | $265K | $270K | +1.9% |
| Midway | $295K | $258K | -12.5% |
Housing Supply in Southwest Leon, FL
How many homes are available in Southwest Leon, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Summary: The Southwest Leon real estate market had 38 homes for sale in December 2024, a 15.2% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southwest Leon housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Leon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Southwest Leon in December 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Southwest Leon, FL
How long does it take to sell a home in Southwest Leon, FL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 242 Days | 89 Days | -63.1% |
Summary: Homes in Southwest Leon had an average of 89 days on market in Dec 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Southwest Leon are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 3 homes were sold in Southwest Leon; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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