$3,313 Closing Credit*
$279,000
1,560 SqFt
3 Beds
•2 Full Baths
Listing Office: R. J. Allen & Associates, Inc.
Is Tallahassee Northwest, 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 Northwest was a Seller's Market.
Key Takeaway
Tallahassee Northwest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tallahassee Northwest, FL
How much do homes in Tallahassee Northwest, FL cost?
Median Sold Price
$185,378
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,490(+9.1%)
Key Takeaway
Homes in Tallahassee Northwest have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Tallahassee Northwest was $185,378 in November 2024, up 9.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62K | $100K | +61.3% |
| 2 Bedrooms | $140K | $154K | +10.0% |
| 3 Bedrooms | $189.9K | $202K | +6.4% |
| 4 Bedrooms | $253.5K | $265K | +4.5% |
| 5+ Bedrooms | $275K | $293K | +6.5% |
Summary: Tallahassee Northwest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Tallahassee Southwest | $140K | $170K | +21.4% |
| 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 Northwest, FL
How many homes are available in Tallahassee Northwest, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 118 | 137 | +16.1% |
Summary: The Tallahassee Northwest real estate market had 137 homes for sale in November 2024, a 16.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 29 | 34 | +17.2% |
| 3 Bedrooms | 65 | 74 | +13.8% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Tallahassee Northwest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tallahassee Northwest, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Tallahassee Northwest in November 2024, down by 26.1% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.
Days on Market for Tallahassee Northwest, FL
How long does it take to sell a home in Tallahassee Northwest, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 78 Days | +93.6% |
Summary: Homes in Tallahassee Northwest had an average of 78 days on market in Nov 2024, up by 93.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tallahassee Northwest has remained consistent over time.
Summary: During November 2024, 17 homes were sold in Tallahassee Northwest; 18% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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