Tallassee's real estate market is experiencing a price correction, with values down 53.5% from last year. Home prices have decreased 55.0% in the past month. With 7.5 months of supply, Tallassee's inventory levels remain relatively tight. Homes are now taking an average of 99 days to sell, significantly longer than the 38 days typical for this market. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Tallassee market with the affordability index at 149.1. Current trends suggest further price adjustments may occur as the market continues to favor buyers.