FL · Metro #111

Pensacola - FL housing market

The Pensacola metro has a typical home value of $308,870, up 0.3% from a year ago. Homes sell in 32 days on average - a balanced market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$308,870
+0.3% vs. year ago
Median sale price
$308,122
-0.1% YoY
Median list price
$366,267
Sale-to-list ratio
96.8%
Selling below ask
Days on market
32d
Listings w/ price cut
25.7%
New listings / mo
876
-5.8% YoY
Homes for sale
3,217
-10.3% YoY
Typical rent
$1,761/mo
+2.5% YoY
Context

How to read this data

The typical home value ($308,870) is the Zillow Home Value Index for the Pensacola - FL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 0.3% over the past year. In Pensacola - FL, that means a home worth $307,946 last year is now worth roughly $308,870.

The median sale price , what homes actually close for , is $308,122. Homes are selling at 96.8% of list price, meaning buyers have room to negotiate.

Homes listed in Pensacola - FL sit on the market for roughly 32 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 876 new listings hit the market each month in Pensacola - FL. There are currently 3,217 homes for sale, down 10.3% from a year ago.

The typical monthly rent in Pensacola - FL is $1,761, up 2.5% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in FL

MetroHome value1-yr changeDays on market
Miami - FL$473,725 -3.5% 56.0d
Tampa - FL$359,150 -3.8% 36.0d
Orlando - FL$386,582 -3.4% 34.0d
Jacksonville - FL$351,554 -1.9% 46.0d
North Port - FL$403,701 -6.7% 48.0d
Cape Coral - FL$340,796 -8.1% 65.0d
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