Tallahassee Housing Market Report February 2025•Leon County, Florida

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Housing Prices in Tallahassee, FL

How much do homes in Tallahassee, FL cost?

Housing Market Conditions

Is Tallahassee, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Tallahassee is a Neutral Market

Difference Since February 2024

At the same time last year, Tallahassee was a Seller's Market.

Insight

Tallahassee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$304,412$196/SqFt
+$13,310
+4.6%

Based on all homes sold in the last 12 months

Insight

Homes in Tallahassee have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Tallahassee was $304,412 in February 2025, up 4.6% from last year, and the median price per square foot was $196.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Tallahassee East
+11.8%
Tallahassee Northeast
+7.4%
Tallahassee Northwest
+7.2%
Tallahassee
+4.6%
Tallahassee Central
-0.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$126K$135K
+7.1%
2$171.9K$185.1K
+7.7%
3$288.3K$293.9K
+1.9%
4$468K$487.8K
+4.2%
5$706.2K$735K
+4.1%

Summary: Tallahassee housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +7.1%. The home price for 2 bedroom homes increased by +7.7%. The home price for 3 bedroom homes increased by +1.9%. The home price for 4 bedroom homes increased by +4.2%. The home price for 5 bedroom homes increased by +4.1%.

How does Tallahassee, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Tallahassee, FL

Housing supply in Tallahassee, FL

How many homes are available in Tallahassee, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,254Last MonthFeb 2025
1,0362 months agoJan 2025
+21.0 %
Change MoMJan – Feb

Summary: The Tallahassee real estate market had 1,254 homes for sale in Feb 2025, a 21.0 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
192Last MonthFeb 2025
1742 months agoJan 2025
+10.3 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
12727
0.0%
2160194
+21.3%
3542660
+21.8%
4258304
+17.8%
54969
+40.8%

Summary: Tallahassee housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +21.3%. The inventory for 3 bedroom homes increased by +21.8%. The inventory for 4 bedroom homes increased by +17.8%. The inventory for 5 bedroom homes increased by +40.8%.

Asking Price vs. Sold Price

How much do homes in Tallahassee, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price35 Homes

At Asking Price50 Homes

Under Asking Price101 Homes

Insight

If you're buying a home in Tallahassee, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.

Summary: A total of 192 homes were sold or pending in Tallahassee in February 2025, up by 10.3% month-over-month. Of the 186 sold homes, 54% were sold under asking, 27% were sold at asking, and and 19% were sold over asking.

Days on Market for Tallahassee, FL

How long does it take to sell a home in Tallahassee, FL?

Breakdown of Home Sale Times

Under 30 Days68 Homes

30 – 90 Days65 Homes

Over 90 Days52 Homes

Insight

Many homes in Tallahassee are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 192 homes were sold in Tallahassee; 35% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
68 DaysThis YearFeb 2025
62 Days1 year agoFeb 2024
+9.9 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Tallahassee had an average listing age of 68 days in Feb 2025, up by 9.9% compared to the previous year.

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Newest Listings in Tallahassee, FL

What homes are available in Tallahassee, FL?

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Nearby markets aren't available for Tallahassee, FL

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MLS Disclaimers and Copyright

Based on information from Capital Area Technology & REALTOR Services Inc., Stellar MLS, realMLS, and Central Panhandle Association of REALTORS® MLS for the period 03/01/2023 - 03/01/2025

© 2025 Tallahassee Board of REALTORS®, Inc. All rights reserved.

The data relating to real estate on this web site comes in part from the IDX Program of the Tallahassee Board of REALTORS®, Inc. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm information before relying on it for a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 8:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 8:19:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 8:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.