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What Median Homes In Tallahassee Looked Like Over The Past 10 Years


We often produce reports on the median home price and median home value in Tallahassee, but today we're going to add a twist.

We have assembled pictures of houses that represent the median homes in Tallahassee for the past ten years.

As a reminder, median simply means "middle," and there is more than one way to choose the "middle" or median home in Tallahassee.

For the purpose of this real estate report, we've chosen a home for each year from 2006 through 2015 that best reflects the median home price, median home size, and median home value for the year that it was sold.

Enjoy!

Tallahassee's Median Home Graph

Tallahassee Median Home Price Median Home Value

The graph above shows the median home price (blue line measured on the left vertical axis) and the median home value (red line measured on the right vertical axis) for each of the past ten years in the Tallahassee real estate market.

I was curious to see a better representation of this information, and the following is quite revealing.

10 Years Of Median Homes In Tallahassee

Median Home Tallahassee Florida 2006The median home in Tallahassee in 2006 was a 17 year old single family detached home located in the Lakeside neighborhood in NW Tallahassee. It sold for $180,000 and featured 3 bedrooms and 2 bathrooms and had 1,409 square feet of heated and cooled space. The home was vacant during the listing period and the sale was "arms length."

Median Home Tallahassee Florida 2007The median home in Tallahassee in 2007 was a 23 year old single family detached home located in the Meadowbrook neighborhood in NE Tallahassee. It sold for $186,000 and featured 3 bedrooms and 2 bathrooms and had 1,452 square feet of heated and cooled space. The home was owner-occupied during the listing period and the sale was "arms length."

The median home in Tallahassee in 2008The median home in Tallahassee in 2008 was a 6 year old townhouse located in the Ventanas neighborhood in NW Tallahassee. It sold for $175,000 and featured 3 bedrooms and 3 bathrooms and had 1,485 square feet of heated and cooled space. The home was owner-occupied during the listing period and the sale was "arms length."

The median home in Tallahassee in 2009The median home in Tallahassee in 2009 was a 7 year old single family detached home located in the Briar Chase neighborhood in NE Tallahassee. It sold for $168,500 and featured 3 bedrooms and 3 bathrooms and had 1,511 square feet of heated and cooled space. The home was vacant during the listing period and the sale was "arms length."

Tallahassee Median Home 2010The median home in Tallahassee in 2010 was a 27 year old single family detached home located in Killearn Lakes Plantation in NE Tallahassee. It sold for $160,000 and featured 3 bedrooms and 2 bathrooms and had 1,537 square feet of heated and cooled space. The home was vacant during the listing period and the sale was "arms length."

Tallahassee Median Home 2011The median home in Tallahassee in 2011 was a 6 year old single family detached home located in the Briar Chase neighborhood in NE Tallahassee. It sold for $150,000 and featured 3 bedrooms and 2 bathrooms and had 1,570 square feet of heated and cooled space. The home was vacant and bank owned during the listing period and the sale was "distressed."

Tallahassee Median Home 2012The median home in Tallahassee in 2012 was a 23 year old single family detached home located in the Camelot Park neighborhood in NE Tallahassee. It sold for $150,000 and featured 3 bedrooms and 2 bathrooms and had 1,631 square feet of heated and cooled space. The home was vacant and bank owned during the listing period and the sale was "distressed."

Tallahassee Median Home 2013The median home in Tallahassee in 2013 was a 10 year old single family detached home located in the Weems Plantation neighborhood in NE Tallahassee. It sold for $155,000 and featured 4 bedrooms and 2 bathrooms and had 1,596 square feet of heated and cooled space. The home was vacant during the listing period and the sale was "arms length."

Tallahassee Median Home 2014The median home in Tallahassee in 2014 was a 30 year old single family detached home located in Killearn Lakes Plantation in NE Tallahassee. It sold for $160,000 and featured 3 bedrooms and 2 bathrooms and had 1,586 square feet of heated and cooled space. The home was vacant and bank owned during the listing period and the sale was "distressed."

Tallahassee Median Home 2015The median home in Tallahassee in 2015 was a 32 year old single family detached home located in the Meadowbrook neighborhood in NE Tallahassee. It sold for $165,000 and featured 3 bedrooms and 2 bathrooms and had 1,594 square feet of heated and cooled space. The home was vacant during the listing period and the sale was "arms length."

How Tallahassee's Median Home Has Changed

The median home has gotten more than 13% larger over the past ten years, while the value (measured in price per square foot) has dropped roughly 19%.

This exercise has been a great example of why you should distrust most real estate reports that cull data from Realtor MLS systems and fail to grasp the fact that prices, values, and sizes are always changing, so understanding the real trends in the housing market requires a level of scrutiny that most are either unable or unwilling to employ.

If you are ever in need of a real estate professional in the Tallahassee housing market, I hope you consider giving us a try. We'll work hard to provide you both the information and the service that you need to succeed and win in your next real estate transaction.

I hope you have enjoyed this trip down memory lane. If you have more questions about the median home in Tallahassee, simply drop us a note and we'll get back to you right away.

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Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917