Weekly Special | November 30, 2015

Active Zip Codes In Tallahassee

Based upon home sales recorded in the Realtor MLS, there are ten active zip codes in the Tallahassee real estate market.

They are positioned left to right in the graph above from most active to least active.

The black vertical bars record the total number of homes sold year to date (recorded on the left vertical axis), while average sales prices are shown in green and recorded on the right vertical axis.

The 32312 zip code leads all others with 659 homes sold through the 29th of November in 2015. 32312 also contains the highest average home sales price, topping all others at $296,500.

The North side of town is obviously dominating the sales, but Southeast Tallahassee’s 32311 zip code appears prominently in the graph in the fourth position with 321 home sales and an average sales price of $210,000.

Student Housing Areas Areas containing high levels of student housing will continue to struggle over the next few years, as tenants migrate from single family and townhomes to the large new student projects on and around Tennessee Street.

The movement by tenants will continue to cause landlords to migrate to the “for sale” market, keeping the West side of Tallahassee flush with inventory for many years to come.

The original one-page Weekly Special PDF is still available.