TALLAHASSEE REAL ESTATE TREND REPORTS: APRIL 2012-2022

When looking at Tallahassee real estate trends, it is important to look at the big picture over the last 10 years as well as the past 12 month year-over-year (YOY). Get this: nearly 39% of homeowners in the US have no mortgage.  I bought my home in this area in 2013 and it was one of the best life decisions I have ever made. Here’s a little secret about this area, there are deals all the time to scoop up for under $250k.

The Tallahassee (City) ten year trend report is similar to the Tallahassee MSA report with the median sale price at $294,000 and the average number of months of supply at 1.8 months.

What is fascinating is that the median time to contract (20 days) is down 2 days compared to 22 from one year ago.

Year-over-Year Residential Homes Sales Data for Tallahassee 32317

In Tallahassee the zip code 32317 includes neighborhoods like, Green Acres at Pedrick, Retreat at Mahan, Avondale, Easton Glen, Adiron Woods, Weems Plantation, Preserve at Bucklake the year-over-year data points to the median home value up from to $402,450 at 17% increase from March 2021.

Right now being a seller in this area is freaking amazing, but it is also a great opportunity to tap into your own equity position for other investments or debt consolidation. These factors are impacting this zip code: completion of the Amazon fulfillment center, new construction homes, highly rated school zones.

Year-over-Year Residential Homes Sales Data for Tallahassee 32312

In Tallahassee the zip code 32312 includes neighborhoods like, Killearn Lakes, Bull Run, Ox Bottom Gardens, The Groves at Summerbrooke, Summerbrooke, Lakeshore Estates, Villages at Maclay, Median Hills, Glen at Golden Eagle, Linene Woods. The year-over-year data points to the median sale price is up 31% YOY.

Seriously, I bet you’d like to know your home equity position!  It’s super easy. Get a full monthly digest on your own home every month by visiting https://mdwinn.com/homeiq

Year-over-Year Residential Homes Sales Data for Tallahassee 32311

In Tallahassee the zip code 32311 includes neighborhoods like, Southwood, Piney-Z, Hampton Creek, Lexington Parc, Timber Lake. The year-over-year data points to the median home value up from to $543,874 at 94% increase from April 2021. Also interesting that the months supply of inventory is down from 1.4 months in April 2021 to 1.0 months in April 2022. Notice the massive drop (36%) in active inventory in this zip code YOY.

Year-over-Year Residential Homes Sales Data for Tallahassee 32310

In Tallahassee the zip code 32310 includes neighborhoods around the Florida A&M University campus area as well as Lake Talquin. The year-over-year data points to the median sale price increase from $132,500 in March 2022 to $145,000 in April 2022.

Given the right circumstances, there might be good investment properties in this area due to the suppressed home values.

Year-over-Year Residential Homes Sales Data for Tallahassee 32309

The Tallahassee the zip code 32309 could be one of the most popular areas as it includes neighborhoods like Killearn Estates, Killearn Acres, Royal Oaks, Cameron Chase, Greens of Killearn, Foxcroft, Lenox Mill, Arbor Hills. The year-over-year data points to the median sale price down from $440,000 in March 2022 to $391,300 in April 2022.

Year-over-Year Residential Homes Sales Data for Tallahassee 32308

The Tallahassee the zip code 32308 also one of the most popular areas as it includes neighborhoods like Betton Hills, Betton Woods, Lafayette Oaks, Woodgate, Eastgate, Canopy, Melody Hills, Evening Rose, Miccosukee Hills, Capital Hills, Hillcrest Court. The year-over-year data points to the rise in the median sale price increase by 20% YOY.

Another significant trend from the data is drop in inventory and time to contract.

Year-over-Year Residential Homes Sales Data for Tallahassee 32305

The Tallahassee the zip code 32305 includes neighborhoods like Crawfordville Trace, Montejo, Villas at Pine Forest, Villages at Wilson Green, Southfork, Forest Estates. The year-over-year data points to the massive jump in active inventory which is due in some part to the new construction in the Montejo neighborhood.

Another significant trend from the data is huge increase in median sale price of $191,000 (47% YOY).

Year-over-Year Residential Homes Sales Data for Tallahassee 32304

The Tallahassee the zip code 32304 includes neighborhoods like Linwood Manor Jordans Pass, Westminster Hill, Missionwood, Bradford Manor, Saxon, Epps Heights, Mission Manor.

The year-over-year data points to 69% increase in median sale price and the massive drop in supply of inventory.

Year-over-Year Residential Homes Sales Data for Tallahassee 32303

The Tallahassee the zip code 32303 includes neighborhoods like Glenview Place, Parkside, Meridian Estates, Roweling Oaks, Glendale, Forest Glen, Summerfield, Eastview, Anderson Heights, Tippecanoe Hills, Tower Gates, Hartfield Gardens, Oak Valley, Rivers Landing, Bent Tree Estates, Sagebrook Mill, Harbinwood Estates.

The year-over-year data points to the closed sales up 38% which is due in large part to the new construction homes in Tower Gates and Tippecanoe Hills.

Year-over-Year Residential Homes Sales Data for Tallahassee 32301

The Tallahassee the zip code 32304 includes neighborhoods like Woodland Drives, Villages at Maclay, Indian Head Acres, Florida A&M, Osceola Heights, Cross Creek, Hillcrest, Blairstone Forest, Magnolia, Apalachee Ridge, Meridian Park. The year-over-year data points to the huge drop in inventory 47% YOY as well as the drop in supply of inventory.