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32304 housing market

ZIP code · Tallahassee · Leon

The median sale price in ZIP code 32304 was $185K in May 2026, up 5.7% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $188K, firming from $183K across the three months before that. That puts prices 3.7% below the strongest three-month stretch on record here, which ended in Aug 2025 at $195K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $169K for Jun 2026, up 0.7% year over year.

Buyers had 132 homes to choose from in May 2026, down 10.8% year over year (Redfin). 115 homes came to market in May 2026, down 16.7% year over year, against 62 closings, down 23.5% year over year. Homes that sold in May 2026 took a median of 69 days to go under contract, 5 days faster than this market's usual May pace.

Sellers were asking a median of $186K in Jul 2026, essentially flat year over year (Realtor.com). Asking prices and closing prices never describe the same homes, so the gap between them reads as seller expectation rather than a discount available to buyers: in May 2026 the list median ran 5.4% below the closing median. Competition is measurable in the closings themselves: 8% settled above asking, and the average sale landed at 96% of its final list price. 19% of listings carried a price cut in Jul 2026.

This page tracks 18 monthly housing series for ZIP code 32304 — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com, Redfin, Zillow ZHVI, running from Aug 2016 through Jul 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.

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Sources for 32304: Redfin · Realtor.com · Zillow ZHVI. Listing metrics and closed-sale metrics are never blended; every figure above names its source and vintage.