The Bull Run Housing Report For January 2016

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The Bull Run neighborhood on the West side of Thomasville Road continues to produce new homes for the NE Tallahassee real estate market.

42% of Bull Run home sales in 2015 were new construction, nearly 5 times higher than the 9% average the rest of the market recorded.

Low interest rates allow for increased pending power, and a small niche of Tallahassee buyers chose to convert that to new homes last year. We continue to see a small segment demand the new features and amenities that one finds in a home built within the past few years.

With more than 2 in every 5 being new, we know that buyers are willing to pay a premium for this prime location.

So if you are thinking about moving to Northeast Tallahassee and you want a newer home, consider looking at one of the nine homes for sale in Bull Run right now.

In this report, we will look at prices, values, and sizes of homes in Bull Run, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 2005 (the first recorded sales in Bull Run).

For the 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 years, though 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 Bull Run).

Bull Run Home Prices

Average home prices rose nearly 4% in 2015 when compared to the prior year’s average, as new construction became a hot favorite for buyers

Prices are now about 17% lower than they were at the peak of the market prices established in 2007, but they have been on a slow rise for 4 consecutive years.

Distressed sales are are occurring at a rate far lower than other neighborhoods in Tallahassee are seeing, mostly due to the fact that a hearty portion of the sales are new home construction. The average recorded sales price was $322K for Bull Run in 2015.

Average Home Price

Home sales activity in 2015 represented the third best year on record for home sales in Bull Run. There were 64 closed home sales, which was merely 6 fewer than the record posted in 2014.

Bull Run Home Values

Bull Run home values surged 7% in 2015 when compared to 2014’s average, the third year in a row to see appreciation since the low set back in 2012.

Average Home Value

The average value of a home sold in Bull Run was $152 per square foot in 2015. This is up 15% above the bottom reached in 2012, and only 5% lower than the market high set back in 2007. I will warn however that with 42% of these sales as new construction, values are highly skewed.

The “resale only” average is lower. Unfortunately, like everywhere else in town, this means that many homeowners who have purchased or refinanced in the past 10 years should expect lower prices and values, and they likely have little or negative equity in their homes.

Where is the Tallahassee market headed?

New articles as they publish, plus the Monday market report. Free, by email.

Bull Run Home Sizes

The average home size sold in Bull Run typically falls in a range of 2,000 to 2,300 square feet, and this year is no different.

Average Home Size

The 64 sales in 2015 averaged 2,120 square feet, which is almost dead-center of the average sizes over the past 11 years.

Homes For Sale In Bull Run

The following map and list of homes are the most recent listings in Bull Run.

Bull Run

Bull Run

7 Properties
2581 Manassas Way
Tallahassee, FL, 32312
Beds3Baths2MLS#406737
2554 Lagrange Trail
Tallahassee, FL, 32312
Beds3Baths2MLS#406826
5833 Dahlgren Trail
Tallahassee, FL, 32312
Beds3Baths2MLS#406547
2640 MANASSAS Way
Tallahassee, FL, 32312
Beds4Baths2MLS#405693
2624 MANASSAS Way
Tallahassee, FL, 32312
Beds4Baths2MLS#404600
2544 CARTHAGE Lane
Tallahassee, FL, 32312
Beds4Baths3MLS#405738
5718 Roanoke Trail
Tallahassee, FL, 32312
Beds4Baths4MLS#405287

Bull Run Home Sales

The following list shows home sales in Bull Run going back to 2005, the first year that homes began selling here.

Home Sales in Bull Run

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
2616 Manassas Way$389,000$2192026-08-2120131,773Resale
5625 Ringold Ln$445,500$2192026-07-2020112,030Resale
5705 Groveton Ct$635,000$2492026-07-1520162,555Resale
5637 Ringold Ln$425,000$2322026-06-2320121,828Resale
2617 Antietam Trl$640,000$2622026-06-1820132,439Resale
2530 Manassas Way$365,000$2152026-06-1620101,701Resale
2575 Ulysses Rd$580,000$2212026-06-0220072,627Resale
5716 Sumter Hill Ln$565,000$2382026-05-2720152,375Resale
2581 Ulysses Rd$525,000$2482026-05-2720122,114Resale
2676 Breton Ridge Dr$610,000$2512026-05-1320182,431Resale
2605 Antietam Trl$685,000$2042026-05-0120063,350Resale
5620 Tecumseh Dr$440,000$1942026-04-3020062,270Resale
2545 Carthage Ln$575,000$2252026-04-2720092,553Resale
5867 Dahlgren Trl$532,000$2432026-04-1720142,188Resale
2664 Breton Ridge Dr$558,000$2482026-04-0720122,248Resale
2503 Ulysses Rd$749,000$2882026-03-3120252,602New
2603 Opequon Bnd$502,500$2412026-01-0920092,087Resale
2596 Manassas Way$443,000$2372025-12-1220131,873Resale
2541 Lagrange Trl$486,000$2102025-11-0620082,318Resale
5731 Farnsworth Dr$845,000$2702025-10-2720163,135Resale
2642 Opequon Bnd$515,000$2492025-10-2320132,067Resale
2621 Farragut Way$557,000$2462025-10-1420142,260Resale
5672 Burnside Cir$500,000$2102025-10-0920062,381Resale
2510 Manassas Way$465,000$2442025-09-1020091,904Resale
2601 Ulysses Rd$425,000$2042025-09-0220062,088Resale
2542 Manassas Way$450,000$2382025-08-2720091,891Resale
2617 Manassas Way$465,000$2242025-08-2620112,072Resale
2501 Ulysses Rd$819,900$2882025-08-0820252,842New
2688 Breton Ridge Dr$645,000$2462025-07-0220062,626Resale
2624 Manassas Way$478,000$2252025-06-2020132,121Resale
2547 Bennits Mill Way$535,000$2252025-06-1320092,376Resale
2580 Ulysses Rd$500,000$2322025-06-0420112,155Resale
2645 Antietam Trl$660,000$2172025-05-2920143,048Resale
5801 Dahlgren Trl$563,000$2552025-03-3120142,212Resale
2565 Manassas Way$435,000$2352025-03-2420081,848Resale
5750 Farnsworth Dr$709,900$2692025-03-1320142,637Resale
5659 Tecumseh Dr$460,000$2032025-02-1420062,270Resale
5624 Tecumseh Dr$500,000$2112025-02-0620062,373Resale
2586 Ulysses Rd$437,000$2392025-02-0520111,828Resale
2548 Halleck Ln$442,500$2342024-12-1820081,888Resale
2607 Opequon Bnd$460,000$2442024-11-2220121,882Resale
2513 Ulysses Rd$505,000$2152024-11-1520082,345Resale
2594 Halleck Ln$445,000$2502024-11-1220101,782Resale
5663 Tecumseh Dr$441,500$2252024-09-1220061,963Resale
5718 Roanoke Trl$515,000$2192024-08-1920052,348Resale
2542 Bennits Mill Way$520,000$2432024-08-0920112,138Resale
5700 Sumter Hill Ln$520,000$2222024-08-0820182,346Resale
2607 Opequon Bnd$450,000$2392024-07-3120121,882Resale
2598 Farragut Way$442,000$2402024-07-1620121,840Resale
2622 Farragut Way$450,000$2392024-06-1720131,882Resale
2533 Lagrange Trl$495,000$2392024-05-1020102,074Resale
5809 Dahlgren Trl$619,000$2242024-05-0220162,769Resale
5640 Tecumseh Dr$440,000$2252024-04-3020061,959Resale
2605 Farragut Way$430,000$2532024-04-1920111,701Resale
2508 Carthage Ln$508,400$2292024-04-1220132,218Resale
2593 Ulysses Rd$435,000$2292024-04-0420061,899Resale
2626 Opequon Bnd$505,000$2462024-03-1420132,055Resale
2569 Ulysses Rd$490,000$2332024-02-2620122,105Resale
2526 Bennits Mill Way$510,000$2202024-01-2220092,322Resale
2515 Dahlgren Ct$436,500$2372023-12-2920141,842Resale
2549 Ulysses Rd$441,000$2352023-12-2020131,874Resale
2583 Ulysses Rd$488,000$2352023-11-0620102,074Resale
2567 Carthage Ln$539,500$2432023-11-0320122,216Resale
5655 Tecumseh Dr$476,500$2062023-10-3120062,316Resale
2575 Manassas Way$486,000$2302023-08-2320082,117Resale
5624 Tecumseh Dr$465,000$1962023-08-1720062,373Resale
2583 Halleck Ln$453,000$2252023-07-2720122,017Resale
2504 Ulysses Rd$470,000$2242023-06-3020102,094Resale
5774 Farnsworth Dr$662,500$2432023-06-2320172,725Resale
2612 Antietam Trl$597,300$2182023-05-3020052,737Resale
2688 Breton Ridge Dr$610,000$2322023-04-1120062,626Resale
5705 Groveton Ct$597,000$2342023-04-0320162,555Resale
2612 Manassas Way$475,000$2242023-03-3120132,121Resale
2594 Farragut Way$460,000$2282023-03-3120122,017Resale
5664 Burnside Cir$489,900$2322023-03-2720072,113Resale
5868 Dahlgren Trl$500,000$2182023-01-2620152,289Resale
2546 Manassas Way$425,000$2322023-01-1020091,831Resale
2574 Halleck Ln$463,800$2302022-11-2820102,016Resale
5833 Dahlgren Trail$450,000$2402022-11-2820161,878Resale
2500 Ulysses Rd$560,000$2152022-11-1520152,605Resale
5708 Sumter Hill Ln$365,000$1942022-10-2820121,882Resale
2533 Lagrange Trl$460,000$2222022-10-0620102,074Resale
2505 Spotsylvania Ct$440,000$2352022-10-0320161,871Resale
5654 Burnside Cir$460,000$2002022-09-2120062,301Resale
5659 Tecumseh Dr$425,000$1872022-08-3120062,270Resale
5655 Tecumseh Dr$445,000$1922022-08-0820062,316Resale
5721 Roanoke Trl$639,900$2522022-07-2920062,535Resale
2547 Bennits Mill Way$495,500$2092022-07-0820092,376Resale
2543 Halleck Ln$447,000$2462022-06-2320081,814Resale
5653 Burnside Cir$515,000$2442022-06-0820062,113Resale
2527 Dahlgren Ct$615,000$2262022-05-3120152,720Resale
5726 Roanoke Trl$632,900$2272022-05-2620052,784Resale
2586 Halleck Ln$386,000$2292022-05-1020091,685Resale
5686 Burnside Cir$475,000$2072022-04-2920072,293Resale
5641 Ringold Ln$456,000$2202022-04-2720112,074Resale
2545 Ulysses Rd$445,500$2322022-04-1820131,923Resale
2624 Manassas Way$450,000$2122022-04-1520132,121Resale
5698 Burnside Cir$434,900$2112022-03-2120072,058Resale
2628 Manassas Way$449,500$2392022-03-1820131,882Resale
2619 Opequon Bnd$442,500$2402022-03-1620121,840Resale

I hope you enjoyed our January 2016 update on home sales in Bull Run, please feel free to drop me a note if you have questions not covered in this report.

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