32502 housing market
ZIP code · Pensacola · EscambiaThe median sale price in ZIP code 32502 was $445K in May 2026, up 30.9% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $397K, easing from $417K across the three months before that. That puts prices 21.7% below the strongest three-month stretch on record here, which ended in Apr 2023 at $507K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $338K for Jun 2026, down 2.4% year over year.
Buyers had 87 homes to choose from in May 2026, up 16.0% year over year (Redfin). 46 homes came to market in May 2026, down 22.0% year over year, against 27 closings, down 15.6% year over year. Homes that sold in May 2026 took a median of 56 days to go under contract, 61 days faster than this market's usual May pace.
Sellers were asking a median of $500K in Jul 2026, up 1.7% 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 32.4% above the closing median. Competition is measurable in the closings themselves: 11% settled above asking, and the average sale landed at 95% of its final list price. 15% of listings carried a price cut in Jul 2026.
This page tracks 18 monthly housing series for ZIP code 32502 — 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 32502: Redfin · Realtor.com · Zillow ZHVI. Listing metrics and closed-sale metrics are never blended; every figure above names its source and vintage.