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32501 housing market

ZIP code · Pensacola · Escambia

The median sale price in ZIP code 32501 was $315K in May 2026, down 8.7% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $315K, easing from $432K across the three months before that. That puts prices 27.0% below the strongest three-month stretch on record here, which ended in Feb 2026 at $432K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $273K for Jun 2026, essentially flat year over year.

Buyers had 89 homes to choose from in May 2026, up 5.9% year over year (Redfin). 65 homes came to market in May 2026, down 13.3% year over year, against 54 closings, up 22.7% year over year. Homes that sold in May 2026 took a median of 85 days to go under contract, 13 days faster than this market's usual May pace.

Sellers were asking a median of $425K in Jul 2026, up 11.5% year over year (Realtor.com). Asking prices and closing prices never describe the same homes, so the gap between them reads as seller expectation rather than a discount available to buyers: in May 2026 the list median ran 22.2% above the closing median. Competition is measurable in the closings themselves: 17% settled above asking, and the average sale landed at 97% of its final list price. 28% of listings carried a price cut in Jul 2026.

This page tracks 18 monthly housing series for ZIP code 32501 — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com, Redfin, Zillow ZHVI, running from Aug 2016 through Jul 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.

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Sources for 32501: Redfin · Realtor.com · Zillow ZHVI. Listing metrics and closed-sale metrics are never blended; every figure above names its source and vintage.