Panacea 32346

Tallahassee, FL · Wakulla County, FL · 4,177 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

27affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
44.2%
severe
Days on market
106
daily
Price cuts
20.3%
of active
Valuation
-46.1%
vs assessor
Look up an address
33
/100
weak
stable · balanced · prices easing year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

94/ 100SellerBalancedBuyer
Strong Buyer's Market
Needs 32.1% correction for affordability
DOM: 111d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)90
Valuation Gap (25%)100
Supply & Demand (20%)100
Buy vs Rent (15%)75
Cancellation Rate (10%)100
Days on Market (5%)100

Strong buyer leverage in 32346. If you must buy now, offer 10-15% below list price. Payment burden: 44.3% of median income. A 21% price correction needed to reach 30% affordability threshold. Median days on market: 111. Renting is approximately 98% cheaper than buying (price-to-rent ratio: 23.8). Market appears 52% overpriced vs. assessed values.

What to Offer

Offer 10-15% below list price. Sellers are under pressure.

Conditions most similar to late 2007 — overvaluation without corresponding income growth. Significant correction potential.
STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers. Prices down 1.6% YoY.

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Market snapshoteach number, once

Median price
$426,076
▾ 1.6% YoY
Days on market
106
daily · zip_data
Median rent
$1,489
ZORI
Investor score
35/100
cash-flow lens
Active listings
51
90-day

Valuation3 lenses, different anchors

vs assessor
-46.1%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$229,705
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+65.6%
County-wide market — the widest, slowest signal.
Wakulla+65.6%
Franklin+57.6%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$334
Price-to-income7.3×

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How 32346 ranks in FL
percentile vs all FL ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

10SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply33.8 mo
Days on Market106d
Inv vs History-0.2%
Listing Density54.4/1k
Market dynamics
Price cut %20.3%
Momentumstable
LeverageBALANCED
Months of supply33.8
Sales (90d)0
Investment analysis
Median rent$1,489
Price-to-rent23.8
Est. cap rate2.7%
Buy vs rentfavors renting

Livability

Walk score16
Transit score—
Bike score—

Historical trends

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Wakulla County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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Tallahassee Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Wakulla County