Tallahassee, FL Housing Market Report

The Tallahassee real estate market is currently navigating a period of stabilization characterized by a slight shift toward buyer-friendly conditions. As of December 2025, the median home value stands at $282,134, reflecting a marginal year-over-year decline of 0.67%. While prices have remained relatively flat, the most significant change is found in the inventory levels, which have surged by nearly 13% over the past year. With 1,308 active listings now available, buyers have more options than they did a year ago, though a sale-to-list ratio of 0.98 suggests that sellers are still successfully negotiating close to their asking prices.

Recent price trends indicate that the market may have found its floor. After a slight dip during the late summer and early autumn of 2025, home values have seen three consecutive months of modest increases, rising from a low of $281,351 in October to the current December figure. This suggests that while the rapid appreciation seen in previous years has cooled, demand remains steady enough to prevent a significant downturn. The rental market continues to show resilience, with median rents rising nearly 2% year-over-year to $1,476, likely driven by the consistent demand from the local university populations and state government workforce.

Looking ahead, the Tallahassee market presents a balanced outlook for both parties. For buyers, the increase in inventory and a median of 64 days on market—which is four days faster than last year—indicates a market that is moving efficiently but providing more breathing room for inspections and negotiations. Sellers should be aware that while the market is not in a freefall, the days of automatic bidding wars have largely passed. Success for sellers in 2026 will depend on realistic pricing and property condition, as the increased competition from other listings gives buyers the leverage to be more selective.