Pensacola, FL housing market

The median sale price in Pensacola, FL was $349K in May 2026, up 5.8% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $350K, easing from $368K across the three months before that. That puts prices 4.7% below the strongest three-month stretch on record here, which ended in Feb 2026 at $368K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $269K for Jun 2026, up 1.1% year over year.

Buyers had 437 homes to choose from in May 2026, down 3.3% year over year (Redfin). At the current sales pace that standing inventory works out to 4.8 months of supply; convention treats four to six months as a balanced market, which puts Pensacola, FL squarely inside it. 108 homes came to market in May 2026, down 10.7% year over year, against 91 closings, down 4.2% year over year. Homes that sold in May 2026 took a median of 61 days to go under contract, 11 days faster than this market's usual May pace.

Competition is measurable in the closings themselves: 11% settled above asking, and the average sale landed at 97% of its final list price. 25% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Pensacola, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.