Is Tallahassee, FL 32301 a buyer’s or seller’s market?
Tallahassee is a balanced market. With about 4.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 34% of U.S. ZIP codes, and #93 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Tallahassee housing market right now
In the three months ending August 31, 2026, 23% of homes in Tallahassee, FL 32301 sold above their list price, the typical home went under contract in 51 days and there were 4.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 86 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 16%, homes sold faster (69 days then) and the median sale price rose 30% to $264,885. Overall, Tallahassee is more competitive than a year ago, so tougher for buyers.
Within Leon County, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Tallahassee ranks #93 of 796 FL ZIP codes with enough sales (score 36 out of 100).
Nearby, buyers who want less competition could look at Tallahassee 32306 (0% sold over asking) or Tallahassee 32304 (10% sold over asking).
Run the numbers for 32301
Nearby markets
Tallahassee 32303Seller’s market $178 /sq ftTallahassee 32304Balanced $148 /sq ftTallahassee 32305Buyer’s market $144 /sq ftTallahassee 32306 $180 /sq ft Browse all markets →Towns like Tallahassee nearby
Find towns like Tallahassee in other states →Where Tallahassee is
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Questions about Tallahassee real estate
Is Tallahassee a buyer’s or seller’s market?
A balanced market: there were 4.9 months of supply in Tallahassee, FL 32301 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Tallahassee?
The typical home went under contract in 51 days in the latest three months.
Do homes in Tallahassee sell over asking?
23% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Tallahassee?
About 0.79% of a home’s value a year in Leon County, or roughly $3,160 on a $400,000 home.
What is the median home price in Tallahassee?
The median sale price was $264,885 in the three months ending August 31, 2026, about $188 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology