Homes For Sale On More Than One Acre February 2021

Posted by Joe Manausa on Thursday, February 11, 2021 at 5:56 AM By Joe Manausa / February 11, 2021 Comment

An exciting niche of homes in Tallahassee is those that have an acre or more of land beneath them. Some people just love to have extra space to use and enjoy on their property, so this report and listings will show how this segment of the market is performing.

We start by looking at 91 listings of homes for sale on acreage, followed by a study of unit sales followed by an analysis of average prices, average values, and average sizes of these homes.

Homes For Sale In Tallahassee On Acreage

Here are all the available homes listed for sale on more than one acre. This is a dynamic list that updates every 15 minutes or so, and (as I write this) includes homes priced below $100K all the way up to nearly $3M. Please note that you can sort the list in many different ways!

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106 Properties

$2,400,000

3927 W Millers Bridge Rd

Tallahassee, FL 32312

Bobbin Trace

Beds

5F11/2

Baths

5,656

Sq.Ft.

$1,875,000

6665 Lake Pisgah Dr

Tallahassee, FL 32309

Centerville Conservation

Beds

3F11/2

Baths

4,168

Sq.Ft.

$1,750,000

8121 Proctor Rd

Tallahassee, FL 32309

BRADFORD HILLS

Beds

4F11/2

Baths

3,850

Sq.Ft.

$1,650,000

9400 Montserrat Ct

Tallahassee, FL 32317

Mission San Miguel

Beds

4F11/2

Baths

5,950

Sq.Ft.

Under Contract

$1,499,900

6599 Lake Pisgah Dr

Tallahassee, FL 32309

Centerville Conservation

Beds

5F11/2

Baths

4,348

Sq.Ft.

$1,495,000

XXXX Ox Bottom Rd

Tallahassee, FL 32312

none

Beds

3F11/2

Baths

3,960

Sq.Ft.

Under Contract

$1,275,000

6973 Mcbride Point

Tallahassee, FL 32312

Beds

Baths

5,633

Sq.Ft.

$1,250,000

17024 Sunray Rd

Tallahassee, FL 32309

none

Beds

3F11/2

Baths

3,318

Sq.Ft.

$1,245,000

14416 High Hill Pond Rd

Tallahassee, FL 32309

None

Beds

3F11/2

Baths

2,431

Sq.Ft.

Under Contract

$1,200,000

6625 Pisgah Church Rd

Tallahassee, FL 32309

Beds

Baths

4,083

Sq.Ft.

$1,199,900

1359 Constitution Place

Tallahassee, FL 32308

HERMITAGE

Beds

3F11/2

Baths

3,691

Sq.Ft.

$1,150,000

8462 Proctor Rd

Tallahassee, FL 32309

Pointe East

Beds

Baths

3,117

Sq.Ft.

Unit Sales Of Homes On Acreage

The sale of homes on acreage has been robust for the past five years. When compared to the overall market, this segment has recovered faster.

Graph showing the number of sales of homes on acreage each year

There were 150% more homes on acreage sold in 2020 than there were in 2009, with each of the past five years averaging around 400 homes sold. We've learned that when the market tanks, these might be the most resilient properties out there.

The Price Of Homes On Acreage

The following graph measures the average sales price of existing homes on acreage from 2009 through the first week of February in 2021.

Graph showing average price of homes on acreage each year

The most interesting thing that I see when I look at the average price of homes sold on acreage is that there was not a significant dip from 2009 through 2012 that we saw with other homes in Tallahassee. 2020 finished the year with an average price right around $450K for existing homes sold on acreage.

Your Agent Matters!

74% of homebuyers work with the first agent they speak to, so they typically don't understand that it is in their best interest to first interview a qualified buyer's agent before they commence with the rest of the home search and home buying process. But they learn.

They learn when they ...

lose out on the perfect house
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over-spend for a home that they could have bought at a lower price
the home is not the best fit for what they need

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The Value Of Homes On Acreage

The following graph measures the average value of existing homes on acreage, measured as price per square foot of heated and cooled space, from 2009 through the first week of February in 2021.

Graph shows the average value of homes on acreage each year

You would never want to use this graph to determine an estimated value of a specific home, because it uses price per square foot (of house) to determine value. Imagine a home on 100 acres being compared to a home on 1 acre, yet both homes were 3,000 square feet. This technique would have them worth the same!

But studying values this way with a good bit of data does deliver the movement of the market, which is what we are trying to ascertain. Much like we saw with average prices, average values did not plunge as far as did the rest of the market, though the recovery has been strong and swift. A new market has was reached as early as 2017, whereas most neighborhoods hit all-time highs recently.

The Size Of Homes On Acreage

The following graph measures the average sales size of existing homes on acreage from 2009 through the first week of February in 2021.

Graph shows the average size of homes on acreage each year

Though this graph is chaotic, it does show us important information. First, the range of home sizes (for homes on acreage) is fairly tight from 2,550 square feet to 2,850 square feet.

Secondly, the biggest homes (on average) sold near the very bottom of the market back in 2013. This is not a surprise, as prices were very accommodating back then.

If you have any further questions about homes on acreage in Tallahassee, just give us a call or pop us a text or email and we'll gladly get back to you pronto!

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Tags: Acreage, Buy A Home

Homes For Sale On More Than One Acre February 2021