32309
Tallahassee, Florida
Tallahassee 32309 needs watching.
The 32309 ZIP code in Tallahassee, Florida has a median sale price of $385K, down -1.3% year-over-year. Homes spend an average of 76 days on market, with 20% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32309.
The 32309 market is showing signs of cooling, with the median sale price at $385,000 reflecting a year-over-year decline of 1.3 percent. Homes are spending an average of 76 days on market, indicating a slower pace than peak periods. Only 20 percent of properties are commanding above-list offers, suggesting buyers have regained negotiating leverage. This price softening marks a departure from the appreciation trends that characterized previous years in this Tallahassee submarket.
These conditions favor patient buyers with financing already secured, particularly those who can leverage the extended 76-day inventory window to conduct thorough due diligence and negotiate below asking price. The 80 percent of homes selling at or below list provide clear opportunities for price discovery. Sellers face headwinds and should focus on competitive pricing strategies rather than testing the market with aggressive valuations. Investors seeking immediate appreciation should look elsewhere given the negative 1.3 percent annual trend.
The PropIQ score of 60 signals caution, indicating elevated risk factors that warrant close monitoring of inventory levels and distressed sale activity. With prices already declining and days-on-market elevated, further softening appears more probable than a rapid rebound. Watch for changes in the percentage of above-list sales and any acceleration in DOM metrics, which would confirm continued buyer advantage. This score suggests holding patterns may persist through multiple quarters before stabilization occurs.
What is the median home price in 32309 Tallahassee?
The median sale price in 32309 is $385K, down -1.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tallahassee 32309?
Homes in 32309 Tallahassee spend an average of 76 days on market before going under contract.
Is Tallahassee 32309 a good place to invest in real estate?
Folio's PropIQ™ score for 32309 is 60/100 — a Caution signal. 20% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 32309?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 60 = Caution in 32309 Tallahassee, Florida.