Tallahassee, FL metro area Housing Market
Cold MarketComprehensive housing market data for the Tallahassee, FL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$300K
↓ 1.6% YoY
Days on Market
75 days
↑ 11.9% YoY
Active Inventory
1,642
↓ 1.7% YoY
Homes Sold
403
↑ 8.3% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Tallahassee, FL metro area Market Summary
The Tallahassee, FL metro area housing market is cooling down. As of March 2026, the median home sale price is $300K, down 1.6% year-over-year. Homes are spending a median of 75 days on the market, 11.9% longer than a year ago.
There are 1,642 homes for sale — 1.7% fewer than last year. With 4.1 months of supply, this is a balanced market. 554 new listings were added during this period, down 7.4% year-over-year.
Homes are selling for 97.9% of their list price on average, suggesting room for negotiation. 17.1% of homes sell above their asking price. 19.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Florida Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 31% below the national median, which could indicate stronger cash flow potential.
Tallahassee, FL metro area Market Trends
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Detailed Market Metrics
Median List Price
$350K
Price per Sq Ft
$191
Sale-to-List Ratio
97.9%
Months of Supply
4.1
Sold Above List
17.1%
Price Drops
19.4%
New Listings
554
↓ 7.4% YoY
Pending Sales
566
Off Market in 2 Weeks
35.2%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.