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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tallahassee Northeast is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Tallahassee Northeast has remained a Seller's Market.

Key Takeaway

Tallahassee Northeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tallahassee Northeast, FL

How much do homes in Tallahassee Northeast, FL cost?

Median Sold Price

$477,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$32,050(+7.2%)

Key Takeaway

Homes in Tallahassee Northeast have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Tallahassee Northeast was $477,000 in December 2024, up 7.2% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $135K$135K
0.0%
2 $241K$259.9K
+7.9%
3 $400K$440.7K
+10.2%
4 $544.7K$562.5K
+3.3%
5+ $615K$795K
+29.3%

Summary: Tallahassee Northeast housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 29.3%.

Median Sold Price Compared To Nearby Cities

Tallahassee East
+9.3%
Tallahassee Northeast
+7.2%
Northwest Leon
+5.5%
Tallahassee
+2.9%
Northeast Leon
+0.7%

Housing Supply in Tallahassee Northeast, FL

How many homes are available in Tallahassee Northeast, FL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5156+9.8%

Summary: The Tallahassee Northeast real estate market had 56 homes for sale in December 2024, a 9.8% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 109
-10.0%
3 1415
+7.1%
4 1520
+33.3%
5+ 99
0.0%

Summary: The Tallahassee Northeast 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 decreased by 10%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
715+114.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tallahassee Northeast, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Tallahassee Northeast in December 2024, up by 114.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 40% were sold at asking, and 13% were sold over asking.

Days on Market for Tallahassee Northeast, FL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
36 Days88 Days+139.1%

Summary: Homes in Tallahassee Northeast had an average of 88 days on market in Dec 2024, up by 139.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tallahassee Northeast has remained consistent over time.

Summary: During December 2024, 15 homes were sold in Tallahassee Northeast; 27% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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