Real Estate

Tallahassee Tippecanoe Hills Home Listings And Real Estate Report December 2018

Tippecanoe Hills Schools

Tippecanoe Hills residents are zoned for the following Leon County Schools:

Following in this report are graphs showing trends in home prices, home values, and home sizes in Tippecanoe Hills, as well as a list of all closed home sales going back to 2013.

For the real estate graphs found in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis).

It is important to note that the narrative contained below is through the end of the year for all previous years, and through November in 2018. The graphs and the closed sales table will be continuously updated into the future (and you can always track current listings and sales on the Tippecanoe Hills Neighborhood Page here).

Tippecanoe Hills Home Prices

Average home prices in Tippecanoe Hills rose more than 8% in 2018, reaching an average price of $245,000 which has set an all-time high for this neighborhood.

Activity in Tippecanoe Hills was strong to start the year, but the combination of rising mortgage interest rates and higher asking prices by builders have slowed buyers for the time being. Currently, there are 7 homes for sale in Tippecanoe Hills, five are new construction, two are resales. Of the seven available, only one resale is currently under contract.

Tippecanoe Hills Home Values

Average home values in Tippecanoe Hills are up nearly 6% in 2018, a reflection of the rising cost of new construction and the demand for homes in this price range.

Through November in 2018, the average value of a home sold in Tippecanoe Hills has been $150 per square foot. Expect the impact of rising mortgage interest rates to quell appreciation here as sticker shock has slowed buyer activity.




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