Tallahassee Update For Homes Outside of Subdivisions May 2022
For this article, we have created 3 graphs that identify average home prices, average home values, and average home sizes for homes outside of subdivisions, and we have also included a table of the most recent 1,000 closed home sales as well.
For all of the graphs in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis).
It is important to note that the narrative contained below is for sales through December for all previous years but through the middle of May in 2022. The graphs and the closed sales table will be continuously updated into the future (meaning bookmark this page if you always want to know the current status of homes outside of Tallahassee Subdivisions).
Average Home Prices
The average price of a home sold outside of Tallahassee subdivisions thus far in 2022 is $380K, a growth of more than 19% over the average price reported in 2021.
Home sales activity for homes outside of subdivisions remains robust. Currently, there are 20 homes for sale located outside of subdivisions in Tallahassee and 12 of them are already under contract with buyers. Sellers using a well-funded omnichannel pre-marketing plan should expect multiple offers when they enter the market (like we did for THIS NICE HOME).
Average Home Values
The average home value of those sold outside of a formal subdivision have risen more than 10% through four and one-half months in 2022, yet they are going to go much higher!
Homes outside of subdivisions in Tallahassee have reached a new all-time high annual average of $170 per square foot.
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