News Summary
The Tallahassee real estate market is showing resilience as median home prices hold steady at $345,000 in July, reflecting a 3% increase from the prior year. Notable transactions include the historic Spring House listed at $2.1 million and the Premier Health & Fitness Center’s land sale. With 395 sales recorded, the market indicates strong demand despite economic fluctuations.
Tallahassee – The real estate market in the Tallahassee Metropolitan Statistical Area (MSA) has shown steady performance in July 2025, with the median sales price of existing homes remaining unchanged from the previous month at $345,000. This price reflects a 3.0% increase from July 2024, when the median sales price was recorded at $335,000. In contrast, Florida’s overall median sales price saw a decline of 1.7% year-over-year, dropping to $410,000.
The Tallahassee MSA, which encompasses Leon, Jefferson, Gadsden, and Wakulla counties, reported an increase in real estate transactions, with 395 sales in July 2025, marking a 7.3% rise from 368 transactions in the same month a year prior. Most of these transactions occur in Leon County, which accounts for nearly 90% of the real estate activity within the MSA.
Despite the slight month-to-month decrease in the three-month average median sales price, which fell by 0.34% to $343,300 in July 2025 compared to $344,500 the previous year, the overall stability in home prices showcases a resilient market. The slight fluctuations suggest that buyers and sellers are navigating the current economic landscape, balancing supply and demand.
In addition to these figures, significant properties are being listed for sale. Noteworthily, the Spring House, a historic residence designed by architect Frank Lloyd Wright and the only private home he created in Florida, is now on the market for approximately $2.1 million. Built in 1954 for the Lewis family, this unique pod-shaped home spans 2,040 square feet on a 10-acre property. The Spring House was recognized for its historical importance and added to the National Register of Historic Places in 1979, serving as a significant community venue over the years. However, the current owners have noted that the property has suffered from neglect and damage, including deterioration from hurricanes, which has led to the decision to sell. Architectural enthusiasts view the potential restoration of Spring House as a labor of love despite existing structural challenges.
In another significant real estate development, the Premier Health & Fitness Center’s building and land in northeast Tallahassee are also up for sale. Despite the property being listed, the fitness center will continue to operate and lease from the new owner. The sale is part of a strategy by Tallahassee Memorial HealthCare to divest from non-patient care-related real estate assets, allowing the healthcare provider to concentrate on its core services. Additionally, this property sale occurs in the context of ongoing discussions regarding the potential sale of Tallahassee Memorial HealthCare to Florida State University, which could result in the establishment of a teaching hospital.
As the Tallahassee real estate market continues to evolve, it reflects local trends and broader state conditions. The increase in transactions despite flat home prices highlights a robust demand for housing in the area, while the presence of unique properties like the Spring House underlines the historical and architectural significance of Tallahassee real estate.
Both prospective homebuyers and investors should consider the stability seen in Tallahassee’s market as they navigate their options amidst changing economic conditions.
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Additional Resources
- Tallahassee.com: TMH to Sell Premier Health & Fitness Plans
- Wikipedia: Tallahassee
- Palm Beach Post: Spring House for Sale
- Google Search: Spring House Frank Lloyd Wright
- NY Post: Florida’s Only Frank Lloyd Wright Home
- Google Scholar: Frank Lloyd Wright Architecture
- Tallahassee Reports: Home Sales Price Unchanged
- Encyclopedia Britannica: Real Estate
- Yield Pro: Covey Homes Tallahassee
- Google News: Tallahassee Real Estate
Author: STAFF HERE TALLAHASSEE 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.
