$2,553 Closing Credit*
$215,000
400 SqFt
1 Bed
•1 Full Bath
Listing Office: Signature Realty Professionals
Is Tallahassee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Tallahassee was a Seller's Market.
Key Takeaway
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.
Housing Prices in Tallahassee, FL
How much do homes in Tallahassee, FL cost?
Median Sold Price
$300,089
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,924(+3.4%)
Key Takeaway
Homes in Tallahassee have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Tallahassee was $300,089 in November 2024, up 3.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.2K | $135K | +16.1% |
| 2 Bedrooms | $170K | $185K | +8.9% |
| 3 Bedrooms | $288.3K | $289.9K | +0.6% |
| 4 Bedrooms | $466.3K | $484.8K | +4.0% |
| 5+ Bedrooms | $700K | $715K | +2.1% |
Summary: Tallahassee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Tallahassee East | $208.5K | $237K | +13.7% |
| Tallahassee Northwest | $169.8K | $185.3K | +9.1% |
| Tallahassee | $290.1K | $300K | +3.4% |
| Tallahassee Northeast | $450K | $460K | +2.2% |
| Tallahassee Central | $225K | $225K | 0.0% |
Housing Supply in Tallahassee, FL
How many homes are available in Tallahassee, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,102 | 1,178 | +6.9% |
Summary: The Tallahassee real estate market had 1,178 homes for sale in November 2024, a 6.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 29 | 0.0% |
| 2 Bedrooms | 177 | 205 | +15.8% |
| 3 Bedrooms | 596 | 623 | +4.5% |
| 4 Bedrooms | 247 | 265 | +7.3% |
| 5+ Bedrooms | 53 | 56 | +5.7% |
Summary: The Tallahassee housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 208 | 180 | -13.5% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tallahassee, you may be able to get a good deal. 57.8% of homes here sold below asking price last month.
Summary: A total of 180 homes were sold or pending in Tallahassee in November 2024, down by 13.5% month-over-month. Of the 180 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for Tallahassee, FL
How long does it take to sell a home in Tallahassee, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 59 Days | +22.9% |
Summary: Homes in Tallahassee had an average of 59 days on market in Nov 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tallahassee are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 180 homes were sold in Tallahassee; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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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© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.