Tallahassee Royal Oaks • Listings And Real Estate Report August 2022

Royal Oaks Schools

One of the reasons this area of town is so hot is that the schools are A-rated. The Leon County public schools that service Royal Oaks include:

This Royal Oaks home sales report examines long-term trends of home prices, home values, and home sizes in Royal Oaks, and displays all homes sold going back to 1991.

For each of the three real estate graphs found below, 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 for sales through December for all previous years but through three weeks of August in 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 Royal Oaks).

Average Home Prices In Royal Oaks

In past reports on Royal Oaks, we forecast explosive home prices in the future, and all they have done is rocket up nearly 37% through the first half of the year!

Activity in Royal Oaks remains vigorous. Currently, there are five homes for sale in Royal Oaks, and three are already under contract with buyers. When a Royal Oaks home hits the market, you must move to make an offer quickly if it has been pre-marketed aggressively, or you will lose it to another buyer.

Average Home Values

After actually declining in 2021, the average home value in Royal Oaks has risen nearly 47% in 2022!

The homes in Royal Oaks have a wide range of relative ages ranges, thus an updated home sells at a value far higher than does one that has no recent improvements. Regardless, the value change here in just six months (the last sale recorded was in June) is nearly on pace to double in 2022. Looking ahead at the current listings and my expected valuations of them has me believing the pace will slow, but values are still rising.

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