Tallahassee, FL housing market

The median sale price in the Tallahassee, FL metro area was $329K in May 2026, up 9.7% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $315K, holding steady against $313K across the three months before that. That is the strongest three-month stretch in this market's record. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $287K for Jun 2026, up 0.8% year over year.

Buyers had 1,633 homes to choose from in May 2026, down 13.5% year over year (Redfin). At the current sales pace that standing inventory works out to 3.9 months of supply; convention treats four to six months as a balanced market, which puts Tallahassee, FL on the sellers' side of that line. 518 homes came to market in May 2026, down 18.3% year over year, against 417 closings, essentially flat year over year. Homes that sold in May 2026 took a median of 63 days to go under contract, 10 days faster than this market's usual May pace.

Sellers were asking a median of $343K in Jul 2026, down 1.8% year over year (Realtor.com via FRED). 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 6.2% above the closing median. Competition is measurable in the closings themselves: 18% settled above asking, and the average sale landed at 98% of its final list price. 21% of listings carried a price cut in May 2026.

This page tracks 18 monthly housing series for the Tallahassee, FL metro area — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com via FRED, 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.