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Featured local agent — Tallahassee, FL
Sarah Mitchell
Compass Real Estate · Tallahassee, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Tallahassee, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$299,500median sale price
How is the Tallahassee, FL housing market right now?
The median home sale price in Tallahassee, FL is $299,500, up 7.0% year-over-year. Homes sell in an average of 54 days with 758 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Tallahassee a buyer's or seller's market?
Tallahassee, FL is currently a balanced market, based on 3.5 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
214
Last 12 weeks
Days on market
54
Average pace
Active listings
758
3.5 months supply
Sale-to-list
98.6%
Below asking
What does the Tallahassee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $299,500 |
| Median list price | $275,000 |
| Year-over-year price change | +7.0% |
| Average days on market | 54 days |
| Active inventory | 758 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $197/sq ft |
| Homes sold (latest month) | 214 |
| New listings (latest month) | 277 |
| Listings with a price cut | 16.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Tallahassee by property type?
How the Tallahassee, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $360,000 | $204/sq ft | 150 | 56 days |
| Condo / Co-op | $187,000 | $142/sq ft | 22 | 69 days |
| Townhouse | $189,200 | $168/sq ft | 38 | 47 days |
Source: Redfin · Updated monthly
The Tallahassee housing market is currently classified as a balanced market with a median sale price of $299,500. Prices have risen 7.0% compared to last year, with homes spending an average of 54 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Tallahassee
There are currently 758 homes listed for sale in Tallahassee, Florida. The median listing price is $275K.
Active listings
758
Homes on market
Median list price
$275K
Avg. days on market
54
Days until sale
New this week
277
Newly listed
Who lives in Tallahassee?
Population
199,696
Median income
$55,931/yr
Median age
28 years
Owner-occupied
39.5%
College grads
51.1%
Avg commute
18.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Tallahassee?
Zillow home value
$298,194
Zillow rent index
$1,507/mo
Price-to-rent ratio
16.5x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Tallahassee?
Tallahassee is a community of approximately 200K residents with a median age of 28 years.The median household income is $55,931, which represents a working-class community with solid middle-income opportunities. 51.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 39.5%, showing a blend of owner and renter-occupied properties. The average commute time is 18.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Tallahassee offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Tallahassee?
50 schools tracked · 34,042 students
The largest public schools serving Tallahassee, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LAWTON CHILES HIGH SCHOOL
Grades 9-12 · 1,928 students
LEON HIGH SCHOOL
Grades 9-12 · 1,923 students
FLORIDA STATE UNIVERSITY SCHOOL
Grades K-12 · 1,871 students
LINCOLN HIGH SCHOOL
Grades 9-12 · 1,860 students
JAMES RICKARDS HIGH SCHOOL
Grades 9-12 · 1,575 students
AMOS P. GODBY HIGH SCHOOL
Grades 9-12 · 1,396 students
WILLIAM J MONTFORD III MIDDLE SCHOOL
Grades 6-8 · 934 students
GILCHRIST ELEMENTARY SCHOOL
Grades PK-5 · 891 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Tallahassee, FL?
Want a head-to-head view? Compare Tallahassee side-by-side with any other U.S. city using our market-comparison tool.
Is Tallahassee a good real estate investment market?
For investors evaluating Tallahassee, the price-to-rent ratio of 16.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Tallahassee's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Tallahassee's median home price.
Frequently asked questions
What is the average home price in Tallahassee?
The median home sale price in Tallahassee is $299,500, up 7.0% from last year.
How long do homes stay on market in Tallahassee?
Homes typically spend 54 days on market before going under contract.
What is the median income in Tallahassee?
The median household income is $55,931 per year.
Is Tallahassee a buyer's or seller's market?
With 3.5 months of supply, Tallahassee is currently a balanced market.
What is the Zillow home value estimate for Tallahassee?
The Zillow Home Value Index (ZHVI) for Tallahassee is $298,194, representing the typical home value in the area.
What is the median condo price in Tallahassee?
The median condo/co-op sale price in Tallahassee, FL is $187,000, compared to $360,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Tallahassee?
The median single-family home price in Tallahassee, FL is $360,000 (about $204 per square foot).
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