Is Pensacola, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$424,375
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pensacola was $424,375 in April 2024, up 26.2% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | $352K | -0.8% |
2 Bedrooms | $305K | $399K | +30.8% |
3 Bedrooms | $285K | $380K | +33.3% |
4 Bedrooms | $444K | $514K | +15.8% |
5+ Bedrooms | $1.9M | $1.5M | -22.3% |
Summary: Pensacola housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 22.3%.
Median Sold Price Compared To Nearby Cities
Pensacola | $336.1K | $424.3K | +26.2% |
Gulf Breeze | $400K | $400K | 0.0% |
Avalon-Mulat | $312.4K | $274.9K | -12.0% |
Housing Supply in Pensacola, FL
How many homes are available in Pensacola, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
229 | 250 | +9.2% |
Summary: The Pensacola real estate market had 250 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 64 | 62 | -3.1% |
3 Bedrooms | 92 | 100 | +8.7% |
4 Bedrooms | 41 | 49 | +19.5% |
5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The Pensacola housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 33 | +6.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Pensacola in April 2024, up by 6.5% month-over-month. Of the 29 sold homes, 79% were sold under asking, 21% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 60 Days | +67.9% |
Summary: Homes in Pensacola had an average of 60 days on market in Apr 2024, up by 67.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Pensacola; 12% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.