News Summary
Tallahassee is experiencing a significant uptick in its housing market, with home sales in January 2025 showing a 10.1% increase from the previous year. The median sales price has also risen to $332,500, reflecting a 12.6% escalation. Exciting new developments are in the pipeline, promising to reshape the local landscape with plans for thousands of new homes and various commercial spaces. Community initiatives are progressing, indicating a vibrant future for both the housing market and the local economy.
Tallahassee’s Housing Market is on the Rise!
Exciting times are unfolding in the charming city of Tallahassee! New data has just rolled in, revealing a significant surge in single-family home sales. In January 2025, the Tallahassee Metropolitan Statistical Area (MSA) saw a remarkable 10.1% increase in sales compared to January 2024, with a total of 207 homes sold this past month compared to just 188 homes sold a year before.
Rising Prices Reflect Strong Demand
As the number of homes sold climbs, so too does the median sales price. It shot up to $332,500 in January 2025, marking a striking 12.6% increase from $295,400 in January 2024. It’s clear that the housing market is heating up!
If we look at the stats over a three-month period from November to January, the numbers tell an even more impressive story: there’s been a whopping 16.2% increase in home sales compared to the same time last year. The average median sales price during this span also rose from $316,000 in January 2024 to $326,700 in January 2025, representing a healthy 3.4% rise.
New Developments in the Works
But it’s not just the sales figures that are buzzing! There’s a whirlwind of exciting developments happening, promising to reshape the Tallahassee landscape. One of the most anticipated projects is the “Heel” development, projected to introduce over 1,900 new homes alongside significant commercial spaces. Under the expertise of GreenPointe Developers, this project aims to combine residential and commercial properties, truly transforming the community.
Moreover, the Bradford Hills project is on the horizon, expanding over 150 acres along Thomasville Road. It boasts plans for more than 750 apartments and townhomes, with groundbreaking for Phase 1 expected to kick off in early 2025.
New Ventures on the Block!
The local economy is not sitting still either! A newly constructed pharmacy by Bond Community Health Center is set to open its doors at 549 S. Monroe St. in early 2025. Meanwhile, Ace Hardware is making a splash with its relocation and expansion, with a grand opening planned for January 11, 2025, at 3510 N. Monroe St.
For those interested in health and education, the proposed Florida State Academic Health Center is currently undergoing permit review for its expansive 137,402 square-foot facility. The Up Campus Tennessee Street project is also in the works, expected to deliver 277 units along with roughly 76,926 square feet of commercial space.
Community Developments on the Rise
The Tallahassee community is buzzing with new public sector projects, including a new headquarters for the Tallahassee Police Department and an International Processing Facility at the local airport. Not to be overlooked, the South Side Transit Center is an 8,690-square-foot dispatch center currently underway, aiming to be completed in early 2025.
As the city grows, five ongoing capital projects are set for completion in 2025, including new parks and the police HQ, ensuring the city remains vibrant and welcoming. Plus, Bethel Missionary Baptist Church is pushing forward with an affordable housing project on Old Bainbridge Road, featuring 44 townhomes and 13 single-family units, and they’re looking for city support worth $400,000.
Housing Demand is Soaring!
The demand for housing in Tallahassee is skyrocketing, and this is prompting a noteworthy increase in new home permits as well. In fact, there’s been an astonishing 81% increase in permit applications from Q4 2022 to Q4 2023! Local developers are feeling the heat, urging the need to keep up with housing demands to stabilize the fast-rising home prices.
While the community expresses optimism about the future and the potential these developments hold, there are also whispers of concern regarding urban sprawl and its impact on the environment. It seems everyone is keen to strike a balance between growth and sustainability.
In a nutshell, Tallahassee is buzzing with activity, and the outlook for the housing market seems brighter than ever! Whether it’s new homes, businesses, or community projects, there’s no denying that this beloved city is undoubtedly on the move.
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Additional Resources
- Tallahassee Developments to Watch in 2025
- Google Search: Tallahassee housing development
- Tallahassee Housing Permits Surge by 81%
- Wikipedia: Housing Market
- Lawmakers on Housing Affordability Solutions
- Google News: housing affordability Tallahassee
- Leon County Permits Down in 2024
- Google Scholar: affordable housing Tallahassee
- CRA Approves Housing Funds for Bethel Baptist
- Encyclopedia Britannica: understanding housing markets
Author: STAFF HERE TALLAHASSEE WRITER
TALLAHASSEE STAFF WRITER The TALLAHASSEE STAFF WRITER represents the experienced team at HERETallahassee.com, your go-to source for actionable local news and information in Tallahassee, Leon County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Springtime Tallahassee, Tallahassee Jazz & Blues Festival, and LeMoyne Chain of Parks Art Festival. Our coverage extends to key organizations like the Greater Tallahassee Chamber of Commerce and United Way of the Big Bend, plus leading businesses in education, healthcare, and insurance that power the local economy such as Florida State University, Tallahassee Memorial HealthCare, and Capital Health Plan. As part of the broader HERE network, including HEREJacksonville.com, HEREOrlando.com, HEREStPetersburg.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
