$1,306 Closing Credit*
$110,000
846 SqFt
2 Beds
•1 Full Bath
Listing Office: Millenia Realty of Florida
Is Tallahassee Central, 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 Central was a Seller's Market.
Key Takeaway
Tallahassee Central is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tallahassee Central, FL
How much do homes in Tallahassee Central, FL cost?
Median Sold Price
$225,000
$186/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Tallahassee Central has remained the same since last year.
Summary: The median home sold price in Tallahassee Central was $225,000 in November 2024, the same as last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $218.7K | +21.5% |
| 2 Bedrooms | $188.5K | $222K | +17.8% |
| 3 Bedrooms | $251.5K | $227.9K | -9.4% |
| 4 Bedrooms | $253.5K | $301K | +18.7% |
| 5+ Bedrooms | $410K | $360K | -12.2% |
Summary: Tallahassee Central housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Tallahassee Southwest | $140K | $170K | +21.4% |
| Tallahassee East | $208.5K | $237K | +13.7% |
| Tallahassee | $290.1K | $300K | +3.4% |
| Tallahassee Central | $225K | $225K | 0.0% |
| Tallahassee South | $180K | $175K | -2.8% |
Housing Supply in Tallahassee Central, FL
How many homes are available in Tallahassee Central, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 135 | +17.4% |
Summary: The Tallahassee Central real estate market had 135 homes for sale in November 2024, a 17.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 23 | 30 | +30.4% |
| 3 Bedrooms | 64 | 76 | +18.8% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Tallahassee Central housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tallahassee Central, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Tallahassee Central in November 2024, down by 12.5% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Tallahassee Central, FL
How long does it take to sell a home in Tallahassee Central, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 45 Days | +25.8% |
Summary: Homes in Tallahassee Central had an average of 45 days on market in Nov 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tallahassee Central are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Tallahassee Central; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 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.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.