One major change in the Tallahassee housing market that has resulted from the housing bubble and subsequent crash is the reduction in the real estate turnover rate.
The turnover rate is a simple concept that is not so simple to measure, and I have not heard local real estate agents use this important measurement when advising home buyers and home sellers during real estate transactions. When we refer to the real estate turnover rate, we simply mean the percentage of homes (in a particular area or neighborhood) that sell every year.
For the purpose of this article, I will contrast two neighborhoods in the Tallahassee real estate market and show the impact the housing market crash has had on the length of time people are owning their homes.
How The Real Estate Turnover Rate Is Used
First of all, have you ever wondered how long homeowners typically own a home? Care to take a guess?
I’ve seen reports that say “the typical homeowner owns a home for 7 to 10 years.” Others say a little longer. But isn’t this something that we can actually measure? Let’s start by looking at a popular neighborhood in NE Tallahassee.
There are 1,443 homes that have been built in Killearn Acres on the north side of Tallahassee. If the average homeowner keeps their home for 10 years, then we would expect 145 homes to sell in a typical year. If 7 years were the normal length of ownership, that would compute to 207 home sales per year.
But since I regularly publish Killearn Acres Housing Reports, I know that these numbers are much higher than reality, thus homeowners in Killearn Acres keep their homes much longer than “7 to 10 years.”
Over the past 11 years, Killearn Acres has averaged only 58 home sales per year, meaning the turnover rate for this very popular neighborhood is only (58/1446) which equates to 4%. This means that (on average), Killearn Acres homeowners keep their homes nearly 25 years!
The graph above shows the real estate turnover rate in Killearn Acres has been dropping over the past 11 years. This is not a surprise, as the housing bubble put a lot of people into homes from 2004 to 2006 at values that won’t return for many more years. We see this as “pent up supply,” meaning people who want to move but are waiting for their homes to have enough equity to facilitate a sale and the cash needed for the down payment on the next home.
Tallahassee Turnover Rate
At the beginning of this article I pointed out that the concept of the turnover rate is simple, but its measurement is not simple. Why?
Because the number of homes in each neighborhood is not listed in any easy reference guide, and it changes with each new home that is built and for each home that is torn down and removed.
So I will start a long-term project to measure the turnover rate in the Tallahassee real estate market, but for the time being, we’ll just look at a few neighborhoods at a time like we have done today. The two subdivisions in today’s report were chosen because they are high on the list for the number of sales annually, and because it was able to ascertain the total number of homes in each neighborhood fairly easily.
The following graph shows the real estate turnover rate for Camelot Park, a popular neighborhood located near downtown Tallahassee.
The turnover rate of 3.6% for Camelot Park is even lower than what was recorded in Killearn Acres. This means that (on average) the typical homeowner keeps a house for nearly 28 years! So much for the 7 to 10 year move cycle that appears is many online publications.
Home Sales Used In This Report
Home Sales In Both Killearn Acres & Camelot Park
Address Price Price / SQF Closing Date Year Built SQF Sale Type 6429 Jet Pilot Trl $260,200 $151 2026-10-09 1986 1,718 Resale 6704 Johnstown Loop $340,000 $180 2026-10-02 1984 1,888 Resale 6708 Chant Trl $335,000 $242 2026-10-02 1979 1,386 Resale 6842 Donerail Trl $295,000 $235 2026-09-30 1981 1,253 Resale 3257 Lord Murphy Trl $270,000 $149 2026-09-29 1989 1,815 Resale 3335 Gallant Fox Trl $325,000 $220 2026-09-18 1984 1,480 Resale 3208 Majestic Prince Trl $355,000 $254 2026-09-10 1990 1,397 Resale 4983 Pimlico Dr $327,800 $198 2026-09-10 1988 1,653 Resale 6705 Tim Tam Trl $325,000 $188 2026-08-31 1983 1,726 Resale 6838 Hill Gail Trl $345,000 $256 2026-08-14 1987 1,349 Resale 6515 Man O War Trl $319,300 $265 2026-08-04 1987 1,205 Resale 3201 Whirlaway Trl $300,000 $202 2026-07-31 1979 1,486 Resale 6516 Montrose Trl $305,000 $208 2026-07-31 1983 1,465 Resale 6842 Donerail Trl $190,000 $152 2026-07-30 1981 1,253 Resale 3516 Whirlaway Trl $395,000 $205 2026-07-29 1989 1,924 Resale 6728 Apollo Trl $180,000 $112 2026-07-16 1979 1,610 Resale 6727 Johnstown Loop $314,000 $233 2026-06-26 1986 1,347 Resale 4891 Pimlico Dr $297,500 $204 2026-06-26 1981 1,456 Resale 3300 Gallant Fox Trl $315,000 $201 2026-06-25 1978 1,569 Resale 6047 Pimlico Ct $625,000 $218 2026-06-15 1994 2,864 Resale 5135 Pimlico Dr $760,000 $231 2026-06-09 2000 3,288 Resale 3229 Majestic Prince Trl $294,000 $204 2026-06-08 1982 1,440 Resale 6845 Hill Gail Trl $284,500 $231 2026-06-05 1983 1,233 Resale 439 Grail Dr $275,000 $213 2026-06-03 1990 1,293 Resale 6455 Joe Cotton Trl $320,000 $218 2026-06-03 1983 1,468 Resale 2400 Castletower Rd $309,000 $204 2026-05-12 1974 1,512 Resale 5024 Pimlico Dr $315,000 $210 2026-05-11 1983 1,500 Resale 6708 Johnstown Loop $380,000 $210 2026-05-07 1984 1,808 Resale 2934 Modred Ln $273,000 $213 2026-05-04 1992 1,283 Resale 1082 Richardson Rd $235,000 $122 2026-04-28 1978 1,922 Resale 6525 Iron Liege Trl $310,000 $221 2026-04-22 1983 1,403 Resale 6620 Reigh Count Trl $310,000 $232 2026-04-17 1988 1,336 Resale 3413 Native Dancer Trl $325,000 $214 2026-04-15 1978 1,516 Resale 6842 Hill Gail Trl $360,000 $284 2026-04-13 1988 1,266 Resale 6615 Kingman Trl $495,000 $221 2026-04-10 2006 2,240 Resale 3228 Lord Murphy Trl $289,000 $157 2026-04-03 1989 1,836 Resale 2956 Whirlaway Trl $352,000 $208 2026-03-31 1980 1,693 Resale 6448 Joe Cotton Trl $299,000 $153 2026-03-18 1982 1,957 Resale 6712 Tim Tam Trl $275,000 $202 2026-03-12 1984 1,362 Resale 6605 Donerail Trl $385,000 $240 2026-03-12 1994 1,606 Resale 305 Gawain Ln $298,900 $164 2026-03-10 1988 1,827 Resale 6348 Count Fleet Trl $450,000 $300 2026-03-02 1979 1,500 Resale 3504 Whirlaway Trl $320,000 $163 2026-02-27 1981 1,968 Resale 6428 Count Turf Trl $359,900 $223 2026-02-26 1984 1,612 Resale 6631 Kingman Trl $330,000 $229 2026-02-20 1979 1,444 Resale 6605 Tomy Lee Trl $308,000 $253 2026-02-18 1994 1,217 Resale 6530 Iron Liege Trl $327,400 $222 2026-02-18 1983 1,476 Resale 5328 Ben Brush Trl $465,000 $207 2026-01-29 1983 2,248 Resale 5257 Pimlico Dr $560,000 $218 2026-01-23 1986 2,571 Resale 6615 Kingman Trl $285,000 $127 2026-01-13 2006 2,240 Resale 3105 Elwood Trl $305,000 $186 2026-01-09 1991 1,640 Resale 3132 Lookout Trl $432,000 $207 2026-01-05 1985 2,087 Resale 6528 Kingman Trl $330,000 $187 2026-01-05 1979 1,764 Resale 6704 Kauai King Trl $324,900 $212 2025-12-30 1987 1,534 Resale 6632 Tim Tam Trl $270,000 $171 2025-12-12 1989 1,578 Resale 3248 Black Gold Trl $335,000 $202 2025-11-26 1979 1,661 Resale 6842 Hill Gail Trl $290,000 $229 2025-11-17 1988 1,266 Resale 6609 Tomy Lee Trl $299,000 $222 2025-11-13 1988 1,344 Resale 415 Tanbark Pl $355,000 $157 2025-11-07 1983 2,262 Resale 686 Stonehouse Rd $370,000 $192 2025-10-29 2007 1,928 Resale 979 Richardson Rd $265,000 $199 2025-10-28 1975 1,332 Resale 5281 Pimlico Dr $470,000 $246 2025-10-22 1987 1,910 Resale 432 Merlin Way $285,000 $196 2025-10-21 1989 1,453 Resale 6701 Tim Tam Trl $405,000 $213 2025-10-21 1986 1,901 Resale 598 Stonehouse Rd $319,000 $222 2025-10-17 1992 1,435 Resale 6433 Kingman Trl $320,000 $193 2025-10-16 1979 1,660 Resale 2964 Whirlaway Trl $275,000 $226 2025-10-03 1983 1,216 Resale 3512 Whirlaway Trl $402,500 $182 2025-09-05 1978 2,207 Resale 5313 Ben Brush Trl $371,000 $165 2025-08-28 1985 2,242 Resale 6842 Tomy Lee Trl $278,000 $186 2025-08-22 1981 1,498 Resale 2903 Whirlaway Trl $330,000 $200 2025-08-11 1989 1,650 Resale 3231 Gallant Fox Trl $385,000 $163 2025-07-31 1979 2,357 Resale 3204 Gallant Fox Trl $345,000 $214 2025-07-31 2004 1,609 Resale 6416 Dancers Image Trl $315,000 $215 2025-07-23 1978 1,468 Resale 447 Grail Dr $287,000 $224 2025-07-11 1990 1,279 Resale 6557 Alan A Dale Trl $349,900 $205 2025-07-03 1988 1,703 Resale 6812 Hill Gail Trl $290,000 $225 2025-07-01 1984 1,287 Resale 6528 Montrose Trl $300,000 $238 2025-06-30 1981 1,260 Resale 6427 Count Turf Trl $329,000 $187 2025-06-30 1977 1,758 Resale 3314 Lucky Debonair Trl $320,000 $189 2025-06-25 2002 1,696 Resale 6847 Donerail Trl $300,000 $207 2025-06-23 1980 1,446 Resale 3224 Lord Murphy Trl $345,000 $246 2025-06-16 2004 1,402 Resale 6815 Tomy Lee Trl $275,000 $230 2025-06-12 1985 1,195 Resale 6152 Pimlico Ct $695,000 $217 2025-06-11 1985 3,201 Resale 6447 Joe Cotton Trl $342,500 $222 2025-06-09 1989 1,545 Resale 2912 Gallahadion Ct $370,000 $225 2025-06-03 1984 1,646 Resale 6440 Dancers Image Trl $360,000 $191 2025-06-03 1989 1,881 Resale 3228 Black Gold Trl $307,500 $192 2025-05-23 1978 1,598 Resale 598 Stonehouse Rd $249,000 $174 2025-05-19 1992 1,435 Resale 6609 Tomy Lee Trl $210,000 $156 2025-05-14 1988 1,344 Resale 6716 Tim Tam Trl $324,900 $226 2025-04-29 1986 1,440 Resale 6808 Hill Gail Trl $335,000 $279 2025-04-24 1985 1,200 Resale 507 Victory Garden Dr $266,000 $170 2025-04-22 1972 1,566 Resale 409 Merlin Way $300,000 $193 2025-04-21 1981 1,554 Resale 321 Stonehouse Rd $292,500 $186 2025-04-17 1981 1,575 Resale 890 Richardson Rd $294,000 $193 2025-04-08 1978 1,524 Resale 6928 Tomy Lee Trl $315,000 $230 2025-03-27 1988 1,371 Resale 3267 Lord Murphy Trl $356,000 $230 2025-03-18 1987 1,548 Resale 3204 Lord Murphy Trl $350,000 $228 2025-02-28 1984 1,534 Resale 6715 Kauai King Trl $360,000 $242 2025-02-27 1994 1,490 Resale
Home Sales In Both Killearn Acres & Camelot Park
| Address | Price | Price / SQF | Closing Date | Year Built | SQF | Sale Type |
|---|---|---|---|---|---|---|
| 6429 Jet Pilot Trl | $260,200 | $151 | 2026-10-09 | 1986 | 1,718 | Resale |
| 6704 Johnstown Loop | $340,000 | $180 | 2026-10-02 | 1984 | 1,888 | Resale |
| 6708 Chant Trl | $335,000 | $242 | 2026-10-02 | 1979 | 1,386 | Resale |
| 6842 Donerail Trl | $295,000 | $235 | 2026-09-30 | 1981 | 1,253 | Resale |
| 3257 Lord Murphy Trl | $270,000 | $149 | 2026-09-29 | 1989 | 1,815 | Resale |
| 3335 Gallant Fox Trl | $325,000 | $220 | 2026-09-18 | 1984 | 1,480 | Resale |
| 3208 Majestic Prince Trl | $355,000 | $254 | 2026-09-10 | 1990 | 1,397 | Resale |
| 4983 Pimlico Dr | $327,800 | $198 | 2026-09-10 | 1988 | 1,653 | Resale |
| 6705 Tim Tam Trl | $325,000 | $188 | 2026-08-31 | 1983 | 1,726 | Resale |
| 6838 Hill Gail Trl | $345,000 | $256 | 2026-08-14 | 1987 | 1,349 | Resale |
| 6515 Man O War Trl | $319,300 | $265 | 2026-08-04 | 1987 | 1,205 | Resale |
| 3201 Whirlaway Trl | $300,000 | $202 | 2026-07-31 | 1979 | 1,486 | Resale |
| 6516 Montrose Trl | $305,000 | $208 | 2026-07-31 | 1983 | 1,465 | Resale |
| 6842 Donerail Trl | $190,000 | $152 | 2026-07-30 | 1981 | 1,253 | Resale |
| 3516 Whirlaway Trl | $395,000 | $205 | 2026-07-29 | 1989 | 1,924 | Resale |
| 6728 Apollo Trl | $180,000 | $112 | 2026-07-16 | 1979 | 1,610 | Resale |
| 6727 Johnstown Loop | $314,000 | $233 | 2026-06-26 | 1986 | 1,347 | Resale |
| 4891 Pimlico Dr | $297,500 | $204 | 2026-06-26 | 1981 | 1,456 | Resale |
| 3300 Gallant Fox Trl | $315,000 | $201 | 2026-06-25 | 1978 | 1,569 | Resale |
| 6047 Pimlico Ct | $625,000 | $218 | 2026-06-15 | 1994 | 2,864 | Resale |
| 5135 Pimlico Dr | $760,000 | $231 | 2026-06-09 | 2000 | 3,288 | Resale |
| 3229 Majestic Prince Trl | $294,000 | $204 | 2026-06-08 | 1982 | 1,440 | Resale |
| 6845 Hill Gail Trl | $284,500 | $231 | 2026-06-05 | 1983 | 1,233 | Resale |
| 439 Grail Dr | $275,000 | $213 | 2026-06-03 | 1990 | 1,293 | Resale |
| 6455 Joe Cotton Trl | $320,000 | $218 | 2026-06-03 | 1983 | 1,468 | Resale |
| 2400 Castletower Rd | $309,000 | $204 | 2026-05-12 | 1974 | 1,512 | Resale |
| 5024 Pimlico Dr | $315,000 | $210 | 2026-05-11 | 1983 | 1,500 | Resale |
| 6708 Johnstown Loop | $380,000 | $210 | 2026-05-07 | 1984 | 1,808 | Resale |
| 2934 Modred Ln | $273,000 | $213 | 2026-05-04 | 1992 | 1,283 | Resale |
| 1082 Richardson Rd | $235,000 | $122 | 2026-04-28 | 1978 | 1,922 | Resale |
| 6525 Iron Liege Trl | $310,000 | $221 | 2026-04-22 | 1983 | 1,403 | Resale |
| 6620 Reigh Count Trl | $310,000 | $232 | 2026-04-17 | 1988 | 1,336 | Resale |
| 3413 Native Dancer Trl | $325,000 | $214 | 2026-04-15 | 1978 | 1,516 | Resale |
| 6842 Hill Gail Trl | $360,000 | $284 | 2026-04-13 | 1988 | 1,266 | Resale |
| 6615 Kingman Trl | $495,000 | $221 | 2026-04-10 | 2006 | 2,240 | Resale |
| 3228 Lord Murphy Trl | $289,000 | $157 | 2026-04-03 | 1989 | 1,836 | Resale |
| 2956 Whirlaway Trl | $352,000 | $208 | 2026-03-31 | 1980 | 1,693 | Resale |
| 6448 Joe Cotton Trl | $299,000 | $153 | 2026-03-18 | 1982 | 1,957 | Resale |
| 6712 Tim Tam Trl | $275,000 | $202 | 2026-03-12 | 1984 | 1,362 | Resale |
| 6605 Donerail Trl | $385,000 | $240 | 2026-03-12 | 1994 | 1,606 | Resale |
| 305 Gawain Ln | $298,900 | $164 | 2026-03-10 | 1988 | 1,827 | Resale |
| 6348 Count Fleet Trl | $450,000 | $300 | 2026-03-02 | 1979 | 1,500 | Resale |
| 3504 Whirlaway Trl | $320,000 | $163 | 2026-02-27 | 1981 | 1,968 | Resale |
| 6428 Count Turf Trl | $359,900 | $223 | 2026-02-26 | 1984 | 1,612 | Resale |
| 6631 Kingman Trl | $330,000 | $229 | 2026-02-20 | 1979 | 1,444 | Resale |
| 6605 Tomy Lee Trl | $308,000 | $253 | 2026-02-18 | 1994 | 1,217 | Resale |
| 6530 Iron Liege Trl | $327,400 | $222 | 2026-02-18 | 1983 | 1,476 | Resale |
| 5328 Ben Brush Trl | $465,000 | $207 | 2026-01-29 | 1983 | 2,248 | Resale |
| 5257 Pimlico Dr | $560,000 | $218 | 2026-01-23 | 1986 | 2,571 | Resale |
| 6615 Kingman Trl | $285,000 | $127 | 2026-01-13 | 2006 | 2,240 | Resale |
| 3105 Elwood Trl | $305,000 | $186 | 2026-01-09 | 1991 | 1,640 | Resale |
| 3132 Lookout Trl | $432,000 | $207 | 2026-01-05 | 1985 | 2,087 | Resale |
| 6528 Kingman Trl | $330,000 | $187 | 2026-01-05 | 1979 | 1,764 | Resale |
| 6704 Kauai King Trl | $324,900 | $212 | 2025-12-30 | 1987 | 1,534 | Resale |
| 6632 Tim Tam Trl | $270,000 | $171 | 2025-12-12 | 1989 | 1,578 | Resale |
| 3248 Black Gold Trl | $335,000 | $202 | 2025-11-26 | 1979 | 1,661 | Resale |
| 6842 Hill Gail Trl | $290,000 | $229 | 2025-11-17 | 1988 | 1,266 | Resale |
| 6609 Tomy Lee Trl | $299,000 | $222 | 2025-11-13 | 1988 | 1,344 | Resale |
| 415 Tanbark Pl | $355,000 | $157 | 2025-11-07 | 1983 | 2,262 | Resale |
| 686 Stonehouse Rd | $370,000 | $192 | 2025-10-29 | 2007 | 1,928 | Resale |
| 979 Richardson Rd | $265,000 | $199 | 2025-10-28 | 1975 | 1,332 | Resale |
| 5281 Pimlico Dr | $470,000 | $246 | 2025-10-22 | 1987 | 1,910 | Resale |
| 432 Merlin Way | $285,000 | $196 | 2025-10-21 | 1989 | 1,453 | Resale |
| 6701 Tim Tam Trl | $405,000 | $213 | 2025-10-21 | 1986 | 1,901 | Resale |
| 598 Stonehouse Rd | $319,000 | $222 | 2025-10-17 | 1992 | 1,435 | Resale |
| 6433 Kingman Trl | $320,000 | $193 | 2025-10-16 | 1979 | 1,660 | Resale |
| 2964 Whirlaway Trl | $275,000 | $226 | 2025-10-03 | 1983 | 1,216 | Resale |
| 3512 Whirlaway Trl | $402,500 | $182 | 2025-09-05 | 1978 | 2,207 | Resale |
| 5313 Ben Brush Trl | $371,000 | $165 | 2025-08-28 | 1985 | 2,242 | Resale |
| 6842 Tomy Lee Trl | $278,000 | $186 | 2025-08-22 | 1981 | 1,498 | Resale |
| 2903 Whirlaway Trl | $330,000 | $200 | 2025-08-11 | 1989 | 1,650 | Resale |
| 3231 Gallant Fox Trl | $385,000 | $163 | 2025-07-31 | 1979 | 2,357 | Resale |
| 3204 Gallant Fox Trl | $345,000 | $214 | 2025-07-31 | 2004 | 1,609 | Resale |
| 6416 Dancers Image Trl | $315,000 | $215 | 2025-07-23 | 1978 | 1,468 | Resale |
| 447 Grail Dr | $287,000 | $224 | 2025-07-11 | 1990 | 1,279 | Resale |
| 6557 Alan A Dale Trl | $349,900 | $205 | 2025-07-03 | 1988 | 1,703 | Resale |
| 6812 Hill Gail Trl | $290,000 | $225 | 2025-07-01 | 1984 | 1,287 | Resale |
| 6528 Montrose Trl | $300,000 | $238 | 2025-06-30 | 1981 | 1,260 | Resale |
| 6427 Count Turf Trl | $329,000 | $187 | 2025-06-30 | 1977 | 1,758 | Resale |
| 3314 Lucky Debonair Trl | $320,000 | $189 | 2025-06-25 | 2002 | 1,696 | Resale |
| 6847 Donerail Trl | $300,000 | $207 | 2025-06-23 | 1980 | 1,446 | Resale |
| 3224 Lord Murphy Trl | $345,000 | $246 | 2025-06-16 | 2004 | 1,402 | Resale |
| 6815 Tomy Lee Trl | $275,000 | $230 | 2025-06-12 | 1985 | 1,195 | Resale |
| 6152 Pimlico Ct | $695,000 | $217 | 2025-06-11 | 1985 | 3,201 | Resale |
| 6447 Joe Cotton Trl | $342,500 | $222 | 2025-06-09 | 1989 | 1,545 | Resale |
| 2912 Gallahadion Ct | $370,000 | $225 | 2025-06-03 | 1984 | 1,646 | Resale |
| 6440 Dancers Image Trl | $360,000 | $191 | 2025-06-03 | 1989 | 1,881 | Resale |
| 3228 Black Gold Trl | $307,500 | $192 | 2025-05-23 | 1978 | 1,598 | Resale |
| 598 Stonehouse Rd | $249,000 | $174 | 2025-05-19 | 1992 | 1,435 | Resale |
| 6609 Tomy Lee Trl | $210,000 | $156 | 2025-05-14 | 1988 | 1,344 | Resale |
| 6716 Tim Tam Trl | $324,900 | $226 | 2025-04-29 | 1986 | 1,440 | Resale |
| 6808 Hill Gail Trl | $335,000 | $279 | 2025-04-24 | 1985 | 1,200 | Resale |
| 507 Victory Garden Dr | $266,000 | $170 | 2025-04-22 | 1972 | 1,566 | Resale |
| 409 Merlin Way | $300,000 | $193 | 2025-04-21 | 1981 | 1,554 | Resale |
| 321 Stonehouse Rd | $292,500 | $186 | 2025-04-17 | 1981 | 1,575 | Resale |
| 890 Richardson Rd | $294,000 | $193 | 2025-04-08 | 1978 | 1,524 | Resale |
| 6928 Tomy Lee Trl | $315,000 | $230 | 2025-03-27 | 1988 | 1,371 | Resale |
| 3267 Lord Murphy Trl | $356,000 | $230 | 2025-03-18 | 1987 | 1,548 | Resale |
| 3204 Lord Murphy Trl | $350,000 | $228 | 2025-02-28 | 1984 | 1,534 | Resale |
| 6715 Kauai King Trl | $360,000 | $242 | 2025-02-27 | 1994 | 1,490 | Resale |
I hope you enjoyed today’s report on the real estate turnover rate in Tallahassee, if you would like to know more about this subject, either leave a comment below or drop me a note and we’ll respond as soon as possible.
