Tallahassee, FL Home Values & Market Trends

Real estate market trends reflect that there have been 4,049 transactions over the past year in Tallahassee. The median value for residential home transactions that occurred over the previous year is $289,265.48. The number of current listings in Tallahassee is 814, and the percentage of properties for sale in the city is 814.00%. Tallahassee, FL currently has 504 properties in foreclosure, 18 bank owned properties, 20 properties headed for auction, and 814 properties for sale.

Tallahassee, FL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
32303

$ 245,000

$ 173/sqft

32311

$ 350,000

$ 209/sqft

32312

$ 435,113

$ 208/sqft

32310

$ 197,000

$ 173/sqft

32301

$ 219,000

$ 179/sqft

32305

$ 199,800

$ 156/sqft

32309

$ 425,000

$ 207/sqft

32317

$ 460,375

$ 212/sqft

32304

$ 182,500

$ 151/sqft

32399

$ --

$ --

32308

$ 410,750

$ 199/sqft

Housing Market Summary for Tallahassee, FL

Apr 2023March 2024Change
Median Listing Price$289.9K$277.5K-4.28%
Median Sold Price$253.8K$277.5K9.32%
Homes For Sale59881235.79%
Homes Sold2,1691,928-11.11%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Tallahassee, FL

Tallahassee home values range from $17,878 to $9,882,344. The median estimated value of a home in Tallahassee is $289,265.48. The median list price of a home is 289,600, and the total count of properties in the city is 85,546.

Foreclosure
There are 11 zips within Tallahassee, FL; within these zips, the median estimated home value for homes in foreclosure ranges from $1,104,906 in 32305 to the lowest value of $33,640 in 32305. Foreclosure homes account for 0.00% of properties in Tallahassee, FL with 32303 containing 130 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.54% of all residential properties in Tallahassee, FL with 32303 containing 120 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 11 zips within Tallahassee, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $773,692 in 32308 to the lowest home value of $33,640 in 32305.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Tallahassee, FL ranges from the highest value of $1,023,500 in 32312 to the lowest value of $112,006 in 32305. Bank owned homes and properties account for 0.02% of properties in Tallahassee, FL. There are 11 zips within Tallahassee, FL; 32303 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    32303 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Tallahassee, FL. Auction homes and other auction properties account for 0.02% of all properties in Tallahassee, FL. There are 11 zips within Tallahassee, FL; of those zips, the median estimated home value for homes going to auction ranges from $240,138 in 32312 to the lowest value of $126,000 in 32312.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.95% of residential properties in Tallahassee, FL with 32303 containing 157 homes for sale, the highest number of listed properties in a single zip. There are 11 zips within Tallahassee, FL; homes for sale in those zips, have a range of median values from $839,000 in 32317 to the lowest value of $34,031 in 32310.
    Sold Homes
    The median value for recently sold homes ranges from $2,492,375 in 32309 to the lowest price of $20,062 in 32309. There are 11 zips within Tallahassee, FL. 32303 has 411 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.52% of properties in Tallahassee, FL.

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      Guide for Tallahassee, FL

      Market Reports
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Fix and Flip
      Tallahassee’s Real Estate Market A in Review 2023-2024
      Fix and Flip
      Hialeah’s Real Estate Market Shows Growth; Property Values Surge from 2023-2024
      Fix and Flip
      Jacksonville, FL: Real Estate Market Trends 2023
      See More Articles
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.

      Tallahassee’s Real Estate Market A in Review 2023-2024
      Fix and Flip|posted 10 April 2024

      An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.

      Hialeah’s Real Estate Market Shows Growth; Property Values Surge from 2023-2024
      Fix and Flip|posted 13 March 2024

      The Hialeah real estate market has displayed a significant upward trajectory from March 2023 to February 2024. This growth, accompanied by a strong demand and investor interest, highlights Hialeah’s economic stability and the persistent appeal of its real estate market, making it favorable for both homebuyers and investors.

      Jacksonville, FL: Real Estate Market Trends 2023
      Fix and Flip|posted 8 February 2024

      This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.