Tallahassee Central Housing Market Report January 2025•Leon County, Florida

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Housing Prices in Tallahassee Central, FL

How much do homes in Tallahassee Central, FL cost?

Housing Market Conditions

Is Tallahassee Central, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Tallahassee Central is a Buyer's Market

Difference Since January 2024

At the same time last year, Tallahassee Central was a Seller's Market.

Insight

Tallahassee Central is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$226,916$188/SqFt
+$3,416
+1.5%

Based on all homes sold in the last 12 months

Insight

Homes in Tallahassee Central have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Tallahassee Central was $226,916 in January 2025, up 1.5% from last year, and the median price per square foot was $188.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Tallahassee Southwest
+17.2%
Tallahassee
+3.7%
Tallahassee East
+2.3%
Tallahassee Central
+1.5%
Tallahassee South
-6.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$180K$216.2K
+20.1%
2$195K$222.2K
+14.0%
3$241.2K$230.7K
-4.4%
4$255K$312.5K
+22.5%
5$304K$402.5K
+32.4%

Summary: Tallahassee Central housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +20.1%. The home price for 2 bedroom homes increased by +14.0%. The home price for 3 bedroom homes decreased by -4.4%. The home price for 4 bedroom homes increased by +22.5%. The home price for 5 bedroom homes increased by +32.4%.

Housing supply in Tallahassee Central, FL

How many homes are available in Tallahassee Central, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
136Last MonthJan 2025
1182 months agoDec 2024
+15.3 %
Change MoMDec – Jan

Summary: The Tallahassee Central real estate market had 136 homes for sale in Jan 2025, a 15.3 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
14Last MonthJan 2025
282 months agoDec 2024
-50.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
11010
0.0%
22829
+3.6%
36175
+23.0%
41214
+16.7%
578
+14.3%

Summary: Tallahassee Central housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +3.6%. The inventory for 3 bedroom homes increased by +23.0%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes increased by +14.3%.

Asking Price vs. Sold Price

How much do homes in Tallahassee Central, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price4 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in Tallahassee Central, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Tallahassee Central in January 2025, down by 50.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and and 14% were sold over asking.

Days on Market for Tallahassee Central, FL

How long does it take to sell a home in Tallahassee Central, FL?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days6 Homes

Over 90 Days4 Homes

Insight

Avg time on Rocket Homes in Tallahassee Central has remained consistent over time.

Summary: During January 2025, 14 homes were sold in Tallahassee Central; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
69 DaysThis YearJan 2025
53 Days1 year agoJan 2024
+31.8 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Tallahassee Central had an average listing age of 69 days in Jan 2025, up by 31.8% compared to the previous year.

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Newest Listings in Tallahassee Central, FL

What homes are available in Tallahassee Central, FL?

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Nearby markets aren't available for Tallahassee Central, FL

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MLS Disclaimers and Copyright

Based on information from Capital Area Technology & REALTOR Services Inc., realMLS, and Stellar MLS for the period 02/01/2023 - 02/01/2025

© 2025 Tallahassee Board of REALTORS®, Inc. All rights reserved.

The data relating to real estate on this web site comes in part from the IDX Program of the Tallahassee Board of REALTORS®, Inc. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm information before relying on it for a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/23/2025, 7:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/23/2025, 7:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/23/2025, 7:19:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.