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PENSACOLA, FL 32505

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PENSACOLA, FL real estate market (32505) currently shows 121 active listings, with 28 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has tightened compared to last year, with 51 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 67 days on market compared to 64 days last year.

The median listing price has fallen 6.7% year-over-year, from $193,000 to $180,000.

Whether you are buying or selling in PENSACOLA, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 28,055  ·  Density: 836.1/mi²  ·  Median household income: $39,672

Typical home value: $102,105  ·  Homeownership: 48.2%

Market Overview

Active Listings
121
⇩ 29.7% vs 172 last year
Pending
28
23% pending ratio
Median Price
$180,000
⇩ 6.7% vs $193,000 last year
Average Price
$217,845
⇧ 2.6% vs $212,290 last year
Days on Market
67
⇧ 4.7% vs 64 days last year

Price Per Square Foot

Median $/sqft
$151
⇧ 2% vs $148/sqft last year
Median Home Size
1,280 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 121 this year vs 172 last year
  • Days on market: 67 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $180,000 (-6.7% YoY)
  • Average: $217,845 (+2.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 29.0 miles — 2,474 listings ($1,466,378,518 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32505Pensacola, FL 325050.0 mi116$25,239,628$182,500$217,583
32501Pensacola, FL 325013.0 mi99$56,918,070$357,500$574,930
32504Pensacola, FL 325044.6 mi137$42,037,902$259,500$306,846
32514Pensacola, FL 325145.8 mi165$49,313,715$264,900$298,871
32506Pensacola, FL 325068.0 mi202$60,675,548$280,931$300,374
32533Cantonment, FL 3253311.5 mi303$111,055,560$340,688$366,520
36549Lillian, AL 3654911.6 mi64$29,264,128$331,200$457,252
32563Gulf Breeze, FL 3256314.4 mi255$150,361,515$460,500$589,653
36530Elberta, AL 3653017.8 mi70$53,401,600$449,450$762,880
32577Molino, FL 3257720.4 mi34$21,313,784$468,500$626,876
36561Orange Beach, AL 3656121.9 mi772$754,660,108$749,999$977,539
36580Summerdale, AL 3658026.4 mi66$45,780,504$361,450$693,644
32570Milton, FL 3257029.0 mi191$66,356,456$332,591$347,416

Frequently Asked Questions

How many homes are for sale in PENSACOLA, FL 32505?

As of March 2026, there are 121 active listings in PENSACOLA, FL (zip code 32505), compared to 172 the prior year.

What is the median home price in PENSACOLA, FL 32505?

The median listing price in PENSACOLA, FL 32505 is $180,000 as of March 2026, a 6.7% decrease from $193,000 the prior year.

How long do homes stay on the market in PENSACOLA, FL?

Homes in PENSACOLA, FL 32505 spend an average of 67 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in PENSACOLA, FL 32505?

Based on current inventory and days-on-market data as of March 2026, PENSACOLA, FL 32505 is currently a Balanced Market. Inventory has tightened compared to last year, with 51 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 67 days on market compared to 64 days last year.

How much can I save on real estate commission in PENSACOLA, FL?

With SELL123.com's maximum 3% commission, sellers in PENSACOLA, FL 32505 save an estimated $3,600 compared to a typical 5% commission on the median listing price of $180,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.