32361
Tallahassee, Florida
Tallahassee 32361 needs watching.
The 32361 ZIP code in Tallahassee, Florida has a median sale price of $680K, down N/A year-over-year. Homes spend an average of 111 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32361.
The 32361 market shows clear deceleration with homes taking 111 days to sell and a median price of $680,000 that has remained flat year-over-year. The absence of any homes selling above list price indicates buyers have regained negotiating leverage after previous appreciation cycles. This extended absorption rate at nearly four months signals a transition from the seller-dominated conditions that characterized 2021-2022, with price discovery now happening through time on market rather than competitive bidding.
Patient buyers with flexible timelines gain maximum advantage in these conditions, as the 111-day average marketing period creates room for negotiation without multiple-offer pressure. Sellers with equity cushions from prior appreciation can still transact at the $680,000 median, but those requiring quick liquidity face meaningful challenges. Investment buyers seeking immediate cash flow should proceed cautiously given the PropIQ score of 27/100, which suggests limited near-term appreciation potential to offset carrying costs during extended vacancy periods.
The PropIQ signal of 27/100 points toward continued soft conditions through early 2025, with inventory likely building as days-on-market extends beyond the current 111-day average. The flat year-over-year pricing combined with this caution-level score suggests downward price pressure may emerge if absorption rates don't improve within the next two quarters. Monitoring month-over-month listing inventory growth and any movement in the zero-percent above-list metric will provide earliest indication of whether this market stabilizes or deteriorates further.
What is the median home price in 32361 Tallahassee?
The median sale price in 32361 is $680K, down N/A year-over-year as of 2024-10-31.
How long do homes stay on the market in Tallahassee 32361?
Homes in 32361 Tallahassee spend an average of 111 days on market before going under contract.
Is Tallahassee 32361 a good place to invest in real estate?
Folio's PropIQ™ score for 32361 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 32361?
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 27 = Caution in 32361 Tallahassee, Florida.