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Featured local agent — Pensacola, FL

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Sarah Mitchell

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Compass Real Estate · Pensacola, FL

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Pensacola, FL(512) 555-0184TX License #0512847

Visit website →sarahmitchellhomes.com

5.0 · 47 reviews

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Pensacola, FL Housing Market & Real Estate

Leaning buyer's+5.8% YoY

Housing market overview · Updated monthly · Data refreshed May 2026

$349,000median sale price

How is the Pensacola, FL housing market right now?

The median home sale price in Pensacola, FL is $349,000, up 5.8% year-over-year. Homes sell in an average of 61 days with 437 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Pensacola a buyer's or seller's market?

Leaning buyer's4.8 months of supply61 avg. days on market

Pensacola, FL is currently a leaning buyer's, based on 4.8 months of supply and homes selling in about 61 days. How we determine this →

Homes sold

Last 12 weeks

Days on market

Average pace

Active listings

437

4.8 months supply

Sale-to-list

97.4%

Below asking

What does the Pensacola housing market data show?

Current housing market statistics for Pensacola, FL
Metric	Value
Median sale price	$349,000
Median list price	$359,000
Year-over-year price change	+5.8%
Average days on market	61 days
Active inventory	437 listings
Months of supply	4.8 months
Sale-to-list price ratio	97.4%
Median price per sq ft	$202/sq ft
Homes sold (latest month)	91
New listings (latest month)	108
Listings with a price cut	24.7%
Market condition	Leaning buyer's

Source: Redfin · Updated monthly

How much do homes cost in Pensacola by property type?

How the Pensacola, FL market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Pensacola, FL
Property type	Median price	Price / sq ft	Homes sold	Days on market
Single-family	$357,500	$213/sq ft	80	56 days
Condo / Co-op	$182,500	$164/sq ft	4	97 days
Townhouse	$232,500	$173/sq ft	6	76 days

Source: Redfin · Updated monthly

The Pensacola housing market is currently classified as a leaning buyer's with a median sale price of $349,000. Prices have risen 5.8% compared to last year, with homes spending an average of 61 days on market, indicating 4.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.

Market trends

House16,117 sqft lot

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Active listings

437

Homes on market

Median list price

$359K

Avg. days on market

Days until sale

New this week

108

Newly listed

Price drops:24.7%of listings

Sale-to-list:97.4%

Who lives in Pensacola?

Population

54,011

Median income

$72,699/yr

Median age

40.8 years

Owner-occupied

63.5%

College grads

42.7%

Avg commute

21.5 min

Source: U.S. Census Bureau ACS

What are homes worth in Pensacola?

Zillow home value

$267,121

Zillow rent index

$1,678/mo

Price-to-rent ratio

13.3x

Price-to-income

3.7x

Source: Zillow Research

What is it like to live in Pensacola?

Pensacola is a community of approximately 54K residents with a median age of 40.8 years.The median household income is $72,699, which represents a working-class community with solid middle-income opportunities. 42.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 63.5%, showing a blend of owner and renter-occupied properties. The average commute time is 21.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pensacola offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Pensacola?

50 schools tracked · 29,921 students

The largest public schools serving Pensacola, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

PINE FOREST HIGH SCHOOL

Grades 9-12 · 1,737 students

Public

WASHINGTON SENIOR HIGH SCHOOL

Grades 9-12 · 1,691 students

Public

ESCAMBIA HIGH SCHOOL

Grades 9-12 · 1,654 students

Public

WEST FLORIDA HIGH SCHOOL/TECHNICAL

Grades 9-12 · 1,345 students

Public

PENSACOLA HIGH SCHOOL

Grades 9-12 · 1,205 students

Public

JIM C. BAILEY MIDDLE SCHOOL

Grades 6-8 · 1,097 students

Public

BEULAH MIDDLE SCHOOL

Grades 6-8 · 1,004 students

Public

FERRY PASS MIDDLE SCHOOL

Grades 6-8 · 959 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Pensacola, FL?

Want a head-to-head view? Compare Pensacola side-by-side with any other U.S. city using our market-comparison tool.

Brent

West Pensacola

Gulf Breeze

Ferry Pass

Oriole Beach

Bellview

Warrington

Mulat

Is Pensacola a good real estate investment market?

For investors evaluating Pensacola, the price-to-rent ratio of 13.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 5.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Pensacola's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Pensacola's median home price.

Frequently asked questions

What is the average home price in Pensacola?

The median home sale price in Pensacola is $349,000, up 5.8% from last year.

How long do homes stay on market in Pensacola?

Homes typically spend 61 days on market before going under contract.

What is the median income in Pensacola?

The median household income is $72,699 per year.

Is Pensacola a buyer's or seller's market?

With 4.8 months of supply, Pensacola is currently a leaning buyer's.

How many homes are for sale in Pensacola?

There are currently 437 homes listed for sale in Pensacola, FL.

What is the Zillow home value estimate for Pensacola?

The Zillow Home Value Index (ZHVI) for Pensacola is $267,121, representing the typical home value in the area.

What is the median condo price in Pensacola?

The median condo/co-op sale price in Pensacola, FL is $182,500, compared to $357,500 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Pensacola?

The median single-family home price in Pensacola, FL is $357,500 (about $213 per square foot).

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