If you’ve heard news lately concerning the Tallahassee real estate market, you’ve probably come to know that our inventory of homes for sale is lower than we’ve seen in the past thirty years.
The reduced supply has created a sellers’ market for much of Tallahassee, though today’s report shows that there are pockets where buyers’ market conditions still exist.
Tallahassee Real Estate Market Report
Today’s report breaks down each of the four geographical quadrants of Tallahassee, plotting the relative supply of homes for sale by price range. While a home buyer or seller will need to see this information for their specific area or neighborhood, these graphs nevertheless are valuable in forecasting current and future home value changes.
Northeast Tallahassee Home Sales
Nearly 1/2 of this year’s homes sold in Tallahassee are located in the NE quadrant of Leon Country. With home prices rarely below $100K and ranging as high as several million dollars, Northeast Tallahassee’s market is very active right now.
The graph above shows the supply and demand for homes in Northeast Tallahassee.
The average number of listings in each price range are plotted in red, while the total number of sales over the past year are plotted in green. The relative supply (months of supply of homes) is plotted in blue, while the yellow field shows the level that produces a balanced market.
When the blue line rises above the yellow, we refer to this as a buyers’ market as there are more buyers than sellers. The opposite is true when the blue line falls below the yellow field, producing a sellers’ market. Each following section will include a graph created in the same manner.
The graph of Northeast Tallahassee shows that extreme sellers’ market conditions exist for homes priced below $450k, while extreme buyers’ market conditions exist for homes priced above $550K. The marketing strategy and pricing strategy should reflect market conditions when one decides to sell a home.
Northwest Tallahassee Home Sales
Thirty percent of all home sales in Tallahassee are located in the NW quadrant of Leon Country. With many home prices from below $100K and ranging to a handfull priced above $600K, Northwest Tallahassee’s market is very active and expanding right now.
The first thing that should stand out to the reader is that this graph is very different than the one we saw for NE Tallahassee. We can see that buyers’ market conditions exist for homes priced below $250K, while sellers’ market conditions exist for homes priced above $250K.
Expect the $250K ceiling to continue higher as time moves on. NW Tallahassee is undergoing a major change right now, as students move from rental homes to the new large apartment complexes built near the Universities. These former rental homes will be prime for renovations and flips to young families over the next five years.
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Southeast Tallahassee Home Sales
Fifteen percent of all home sales in Tallahassee are located in the SE quadrant of Leon Country. With many home prices from below $100K and ranging to fewer than ten priced above $600K, Southeast Tallahassee’s market is very active for homes priced below $400K.
When we look at the graph of home sales activity in Southeast Tallahassee, we see a similar picture as displayed for NW Tallahassee. There is a strong sellers’ market up to a point, and then a strong buyers’ market beyond that point.
The point in question for SE Tallahassee is $350K. While the graph does dip down at $550K, this is merely fluctuation due to the relatively small amount of homes that exist above $500K in this area. When the home sellers priced above $550K begin to lower their prices (due to a lack of sales), these will filter in and stabilize both the valley and peak that exists after $500K.
Southwest Tallahassee Home Sales
Less than six percent of all home sales in Tallahassee are located in the SW quadrant of Leon Country. With the majority of home prices below $100K but ranging to fewer than ten priced above $300K, Southwest Tallahassee’s market is fairly healthy for homes priced below $150K.
Unlike the other three quadrants that we have examined, the Southwest quadrant of the Tallahassee real estate market remains in poor shape. Once we reach $150K, homes here remain in a buyers’ market. If you are bullish on population growth in Tallahassee, you might want to consider some long-term acquisitions here for above-market appreciation over the next twenty years.
Recent Home Sales In Tallahassee
The following table lists the most recent 1,000 homes sold in Tallahassee. You can sort the table by clicking on any column header.
Recent Tallahassee Home SalesAddress Price Price / SQF Closing Date Year Built SQF Sale Type 4034 Delvin Dr $379,000 $218 2026-10-09 1973 1,740 Resale 998 Rosebay Court $950,000 $261 2026-10-09 1986 3,633 Resale 2128 Wembley Way $295,000 $212 2026-10-09 1980 1,391 Resale 3917 Ardmore Ln $600,000 $252 2026-10-09 2026 2,378 New 487 Grand Oaks Rd $405,000 $225 2026-10-09 2023 1,804 New 2316 Cobb Dr $615,000 $198 2026-10-09 2000 3,104 Resale 6429 Jet Pilot Trl $260,200 $151 2026-10-09 1986 1,718 Resale 8605 Coach Rd $560,000 $193 2026-10-09 1981 2,908 Resale 300 S Duval St $217,000 $309 2026-10-09 2009 703 Resale 9526 Old Woodville Rd $180,000 $158 2026-10-09 1967 1,140 Resale 2705 Roberts Ave $115,000 $93 2026-10-09 2002 1,232 Resale 1306 Leewood Dr $467,500 $259 2026-10-08 1964 1,807 Resale 5431 Water Valley Ct $255,000 $237 2026-10-08 1992 1,076 Resale 3399 Mizell St $290,000 $223 2026-10-07 2026 1,301 New 1823 Tyndall Dr $182,500 $195 2026-10-07 1959 934 Resale 3111 Brockton Way $315,000 $253 2026-10-06 1983 1,246 Resale 1574 Goodwood Dr $310,000 $185 2026-10-06 1976 1,679 Resale 9570 Starhawk Dr $550,000 $189 2026-10-06 2001 2,907 Resale 4186 Ridge Haven Rd $208,000 $162 2026-10-06 2006 1,286 Resale 3113 Shannon Lakes N $455,000 $205 2026-10-05 1986 2,222 Resale 4349 Camden Rd $300,000 $144 2026-10-05 1984 2,086 Resale 2463 Tippecanoe Rdg $345,000 $219 2026-10-05 2018 1,574 Resale 1575 Paul Russell Rd Apt 5010 $220,000 $129 2026-10-05 2005 1,705 Resale 844 Brookwood Dr $407,500 $237 2026-10-02 1958 1,716 Resale 415 Williams St Apt B $261,000 $183 2026-10-02 1984 1,428 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 5161 Holly Fern Trce $455,000 $242 2026-10-02 2016 1,879 Resale 10564 Lake Iamonia Dr $504,000 $238 2026-10-02 1993 2,121 Resale 756 Rhoden Cove Rd $596,000 $195 2026-10-02 1985 3,051 Resale 2788 Summer Meadow Dr $280,000 $146 2026-10-02 2006 1,922 Resale 215 W College Ave Apt 903 $300,000 $270 2026-10-02 2006 1,112 Resale 7512 Talley Ann Dr $240,000 $218 2026-10-02 1981 1,103 Resale 6051 Flintlock Loop $392,500 $232 2026-10-02 1990 1,692 Resale 2933 Tipperary Ct $395,000 $206 2026-10-01 1971 1,921 Resale 2544 Centerville Ct $222,000 $178 2026-10-01 2000 1,244 Resale 1489 Vieux Carre Dr $696,000 $288 2026-10-01 2002 2,415 Resale 2938 Abbotsford Way $500,000 $181 2026-10-01 1978 2,757 Resale 540 Bienville Pl $687,900 $238 2026-10-01 2026 2,890 New 241 Old Dirt Rd $399,000 $168 2026-10-01 1971 2,368 Resale 1653 Copperfield Cir $439,000 $214 2026-10-01 1992 2,054 Resale 5050 Velda Dairy Rd $797,000 $259 2026-10-01 1979 3,072 Resale 2801 Chancellorsville Dr Unit 934 $131,000 $120 2026-10-01 2004 1,096 Resale 5188 Holly Fern Trce $599,500 $245 2026-10-01 2017 2,447 Resale 6311 Bird Dog Pt $1,100,000 $349 2026-10-01 2014 3,151 Resale 3400 Old Bainbridge Rd Apt 402 $155,000 $113 2026-10-01 2004 1,368 Resale 300 S Duval St $310,000 $261 2026-10-01 2009 1,186 New 1334 Kings Dr $164,000 $186 2026-10-01 1983 882 Resale 415 Saint Francis St Apt 138 $307,000 $341 2026-10-01 2007 900 Resale 2348 Ryan Pl $215,000 $181 2026-09-30 1983 1,188 Resale 3624 Craigs House Ct $408,000 $227 2026-09-30 1991 1,794 Resale 2005 N Meridian Rd Apt F $178,500 $167 2026-09-30 1984 1,067 Resale 2581 Panther Creek Rd Unit B $180,000 $203 2026-09-30 1981 885 Resale 3526 Sedona Loop $225,000 $240 2026-09-30 1987 939 Resale 4106 Beauregard Way $460,000 $209 2026-09-30 2026 2,200 New 543 Bienville Pl $369,100 $240 2026-09-30 2026 1,535 New 184 Bienville Pl $565,000 $220 2026-09-30 2024 2,572 Resale 3029 Bidhurst Ct $400,000 $224 2026-09-30 2010 1,782 Resale 201 Myddelton Trce $430,000 $243 2026-09-30 2002 1,766 Resale 2325 Haverhill Rd $515,000 $189 2026-09-30 1984 2,729 Resale 8364 Bull Headley Rd $451,600 $251 2026-09-30 2025 1,802 New 6375 Thomasville Rd $854,000 $189 2026-09-30 1981 4,529 Resale 6842 Donerail Trl $295,000 $235 2026-09-30 1981 1,253 Resale 5752 Cypress Cir $208,000 $188 2026-09-30 1979 1,104 Resale 4309 Calcutta Ct $255,000 $148 2026-09-30 1979 1,722 Resale 4074 Riverwood Rd $362,000 $175 2026-09-30 1987 2,070 Resale 3214 Springdale Dr $315,000 $184 2026-09-30 2000 1,712 Resale 2981 Byington Cir $164,000 $131 2026-09-30 1991 1,255 Resale 2109 Pecan Ln Apt B $145,000 $131 2026-09-30 1981 1,104 Resale 2466 Tippecanoe Rdg $355,000 $210 2026-09-30 2023 1,690 Resale 1814 Lilac Dr $135,000 $132 2026-09-30 1982 1,024 Resale 2178 Timberwood Cir S $170,000 $144 2026-09-30 1993 1,184 Resale 2926 Oakwood Dr $95,000 $99 2026-09-30 1972 957 Resale 1917 Corvallis Ave $160,000 $136 2026-09-30 2008 1,177 Resale 1134 Willow Crossing Dr $379,000 $240 2026-09-30 2019 1,580 Resale 1111 Brafforton Dr $195,000 $193 2026-09-30 1991 1,008 Resale 2390 Quazar Cir $200,000 $171 2026-09-30 2006 1,173 Resale 524 Lynndale St $61,500 $72 2026-09-30 1955 850 Resale 2545 Lantana Ln $525,000 $246 2026-09-30 2016 2,137 Resale 220 Young St $120,000 $125 2026-09-30 1950 958 Resale 5627 Fletcher Oaks Dr $144,200 $85 2026-09-29 2022 1,702 Resale 528 E Pensacola St $188,000 $271 2026-09-29 1948 695 Resale 206 Belmont Rd $195,000 $148 2026-09-29 1974 1,314 Resale 227 Nabb Rd $375,000 $181 2026-09-29 2005 2,076 Resale 1816 Folkstone Rd $369,900 $233 2026-09-29 2019 1,587 Resale 8388 Bull Headley Rd $441,600 $245 2026-09-29 2026 1,802 New 3257 Lord Murphy Trl $270,000 $149 2026-09-29 1989 1,815 Resale 3735 Ravine Dr $320,000 $213 2026-09-29 1993 1,502 Resale 2403 Hartsfield Rd Apt 607 $130,000 $107 2026-09-29 2004 1,216 Resale 5540 Green Meadows Ct $225,000 $195 2026-09-29 2002 1,156 Resale 1125 Azalea Dr $415,000 $207 2026-09-29 1954 2,008 Resale 1529 Lake Ave $119,900 $157 2026-09-29 1984 765 Resale 603 Famcee Ave $270,000 $196 2026-09-29 1956 1,376 Resale 18184 Blountstown Hwy $200,000 $151 2026-09-29 1928 1,324 Resale 4019 Kilmartin Dr $435,000 $204 2026-09-28 1987 2,132 Resale 3026 Bell Grove Dr $425,000 $195 2026-09-28 1986 2,174 Resale 465 Olivia Rose Ave $450,000 $284 2026-09-28 2022 1,586 Resale 8503 Congressional Dr $1,700,000 $244 2026-09-28 2001 6,960 Resale 5600 Rustic Dr $195,500 $174 2026-09-28 1977 1,125 Resale 2618 Faversham Dr $206,500 $145 2026-09-28 1982 1,420 Resale
If you are planning to sell a home or buy a home in Tallahassee in the near future, give us a call at (850) 366-8917 or drop us a note and we’ll give you the tactical advantage for your specific Tallahassee real estate needs.
As a local real estate agent born and raised in Tallahassee with a focus on customer service, I promise you’ll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
Your Local Expert In Tallahassee
When moving to, in, or from Tallahassee, you will fare better if you work with a local expert. We are here to help. If you have further questions on the Tallahassee real estate market, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.
As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
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