Tallahassee MSA Single Family Median Sales Price Up in June

The median sales price of existing homes in the Tallahassee MSA was up 1.5% in June 2025 when compared to June 2024, according to the Florida Association of REALTORS®. The Tallahassee MSA includes Leon, Jefferson, Gadsden, and Wakulla counties. Leon county accounts for almost 90% of the MSA real estate transactions.

The number of transactions also increased from one year ago. There were 388 transactions in June 2025, up 18.7% from the 327 transactions recorded one year.

At the state level, Florida  median sales price declined 3.5% when compared to one year ago. The Florida median sales price dropped from $427,000 in June 2024 to $412,000 in June 2025.

At the national level, the National Association of REALTORS® reported the median sales price for single-family homes in June was $441,500, up 2% from June 2024.

“The record high median home price highlights how American homeowners’ wealth continues to grow—a benefit of homeownership. The average homeowner’s wealth has expanded by $140,900 over the past five years,” said NAR Chief Economist Lawrence Yun.

“Multiple years of undersupply are driving the record high home price. Home construction continues to lag population growth. This is holding back first-time home buyers from entering the market. More supply is needed to increase the share of first-time homebuyers in the coming years even though some markets appear to have a temporary oversupply at the moment.”