Housing Update • Tallahassee’s Bobbin Neighborhoods Oct 2022

In this report, you will find updated graphs featuring average home price trends, average home value trends, and average home size trends in the three Bobbin neighborhoods and a table of all Bobbin home sales going back to 1991.

Bobbin Neighborhood Schools

Bobbin Mill Woods, Bobbin Trace, and Bobbin Brook are just a very short drive to Maclay School (private), and they are zoned for the following Leon County public schools:

For the real estate graphs 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 below is for sales through December for all previous years but through the middle of October 2022. The graphs and the closed sales table will be continuously updated in the future (meaning bookmark this page if you always want to know the current status of homes in Bobbin Trace, Bobbin Mill Woods, and Bobbin Brook).

Bobbin Mill Woods, Bobbin Trace, and Bobbin Brook Home Prices

The average price of the homes sold in the Bobbin neighborhoods in 2022 is $1.4M, not an all-time high though the average is higher than we’ve seen in the previous two years.

Currently, there are two homes for sale in the Bobbin neighborhoods, and one of them is under contract with a buyer.

Bobbin Neighborhood Home Values

The average home value in the Bobbin Neighborhoods has risen nearly 13% in 2022, establishing a new all-time high annual average, breaking the record previously recorded in 2008.

As a reminder, the age, size, land size, and amenities of these homes vary far too great to look simply use the average value to determine the value of a specific home. The average is used to judge the relative movement in the Bobbin neighborhoods.

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