32309 Housing Market Report May 2025•Leon County, Florida

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Housing Prices in 32309, FL

How much do homes in 32309, FL cost?

Housing Market Conditions

Is 32309, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

32309 is a Buyer's Market

Difference Since May 2024

At the same time last year, 32309 was a Seller's Market.

Insight

32309 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$394,812$206/SqFt
+$12,500
+3.3%

Based on all homes sold in the last 12 months

Insight

Homes in 32309 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 32309 was $394,812 in May 2025, up 3.3% from last year, and the median price per square foot was $206.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
32344
+16.1%
32309
+3.3%
32317
-0.7%
32312
-3.5%
32308
-11.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$205K$175K
-14.6%
2$245K$230K
-6.1%
3$345K$350K
+1.4%
4$500K$502.5K
0.5%
5$715K$810.5K
+13.4%

Summary: 32309 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -14.6%. The home price for 2 bedroom homes decreased by -6.1%. The home price for 3 bedroom homes increased by +1.4%. The home price for 4 bedroom homes increased by 0.5%. The home price for 5 bedroom homes increased by +13.4%.

How does 32309, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

32309, FL

Housing supply in 32309, FL

How many homes are available in 32309, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
187Last MonthMay 2025
1412 months agoApr 2025
+32.6 %
Change MoMApr – May

Summary: The 32309 real estate market had 187 homes for sale in May 2025, a 32.6 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
26Last MonthMay 2025
312 months agoApr 2025
-16.1 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
2107
-30.0%
36489
+39.1%
45982
+39.0%
589
+12.5%

Summary: 32309 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -30.0%. The inventory for 3 bedroom homes increased by +39.1%. The inventory for 4 bedroom homes increased by +39.0%. The inventory for 5 bedroom homes increased by +12.5%.

Asking Price vs. Sold Price

How much do homes in 32309, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price8 Homes

Under Asking Price12 Homes

Insight

If you're buying a home in 32309, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 32309 in May 2025, down by 16.1% month-over-month. Of the 26 sold homes, 46% were sold under asking, 31% were sold at asking, and and 23% were sold over asking.

Days on Market for 32309, FL

How long does it take to sell a home in 32309, FL?

Breakdown of Home Sale Times

Under 30 Days9 Homes

30 – 90 Days12 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in 32309 has remained consistent over time.

Summary: During May 2025, 26 homes were sold in 32309; 35% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
40 DaysThis YearMay 2025
35 Days1 year agoMay 2024
+14.2 %
Change YoYMay 2024 – May 2025

Summary: Homes in 32309 had an average listing age of 40 days in May 2025, up by 14.2% compared to the previous year.

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Newest Listings in 32309, FL

What homes are available in 32309, FL?

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MLS Disclaimers and Copyright

Based on information from Capital Area Technology & REALTOR Services Inc., and Pensacola MLS for the period 06/01/2023 - 06/01/2025

© 2025 Tallahassee Board of REALTORS®, Inc. All rights reserved.

The data relating to real estate on this web site comes in part from the IDX Program of the Tallahassee Board of REALTORS®, Inc. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm information before relying on it for a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 11:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 11:55:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.