Is Pensacola, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Pensacola was a Seller's Market.
Housing Prices in Pensacola, FL
How much do homes in Pensacola, FL cost?
Median Sold Price
$412,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Pensacola was $412,000 in February 2024, down 8.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $420K | +33.3% |
2 Bedrooms | $430K | $390K | -9.3% |
3 Bedrooms | $411.2K | $360K | -12.5% |
4 Bedrooms | $643K | $480K | -25.3% |
5+ Bedrooms | $2.1M | $1.2M | -39.9% |
Summary: Pensacola housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes decreased by 39.9%.
Median Sold Price Compared To Nearby Cities
Gulf Breeze | $368.9K | $419.9K | +13.8% |
Pensacola | $450K | $412K | -8.4% |
Housing Supply in Pensacola, FL
How many homes are available in Pensacola, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
197 | 216 | +9.6% |
Summary: The Pensacola real estate market had 216 homes for sale in February 2024, a 9.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 51 | 58 | +13.7% |
3 Bedrooms | 83 | 91 | +9.6% |
4 Bedrooms | 37 | 35 | -5.4% |
5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Pensacola housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 19 | -34.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Pensacola in February 2024, down by 34.5% month-over-month. Of the 19 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Pensacola, FL
How long does it take to sell a home in Pensacola, FL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
64 Days | 57 Days | -11.3% |
Summary: Homes in Pensacola had an average of 57 days on market in Feb 2024, down by 11.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 19 homes were sold in Pensacola; 26% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.