Are Home Values In The 32308 About To Set A Record High?

Home values are soaring in the 32308 zip code.

It's an active segment of the Tallahassee real estate market, and buyer behavior suggests it's popularity is still very strong.

Here are the homes that appear to be flying "off the shelf:"

The following report with tables and graphs will allow you to examine home prices, home values, and home sizes in the 32308 zip code. Also we have shared a table of the 1,000 most-recent closed home sales in the 32308 zip code.

For each of the three real estate graphs found in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis).

It is important to note that the narrative contained below is through the end of the year for all past years, and through the 7th of November in 2017. Note that the graphs and the closed sales table will be continuously updated into the future (meaning bookmark this page if you always want to know the current status of homes in the 32308 zip code).

32308 Home Prices

Currently, homes in the 32308 zip code are priced anywhere from as high as $1.35M down to one home that is offered below $60,000! Needless to say, home prices range greatly in this popular zip code.

The importance of working with a highly skilled real estate buyer's agent becomes very obvious when you begin to negotiate for a home. Don't end up losing tens of thousands of dollars because you didn't make the effort of first hiring the best agent available!

The average home price in the 32308 zip code has reached $212,700, which is only 2% lower than the peak of the market average prices recorded back in 2006! Activity remains very strong here as roughly one quarter of all the homes for sale in the 32308 zip code are already under contract. 

32308 Home Values

Homes in the 32308 zip code are appreciating rapidly, averaging 10% per year since the beginning of 2015.

With demand for this area only growing, expect this pace to continue for several more years. I suspect we will see all-time high values within the next 12 months!

An existing-home investment in the 32308 zip code right now is smart, as all the new homes being built here over the next ten years will be on smaller parcels of land and at far higher values. Expect to see the median price in 32308 double over the next five to ten years. A prudent buyer today can significantly beat the market by ensuring a focus on location and the quality of the parcel beneath the home.

How Big Are 32308 Homes?

The average home size sold in the 32308 zip code typically falls in a range of 1,600 to 1,950 square feet, and sizes in 2017 are towards the top end of this range.

The 317 homes sold in the 32308 zip code thus far in 2017 have averaged 1,862 square feet.

How To Be A Smart Homebuyer In 32308

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Home Sales In The 32308 Zip Code

The following table includes the most recent 1,000 home sales in the 32308 zip code.