Pace Housing Market Report April 2025•Santa Rosa County, Florida

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Housing Prices in Pace, FL

How much do homes in Pace, FL cost?

Housing Market Conditions

Is Pace, 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

Pace is a Seller's Market

Difference Since April 2024

Since last year, Pace has remained a Seller's Market.

Insight

Pace is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$327,754$174/SqFt
+$450
0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Pace has remained the same since last year.

Summary: The median home sold price in Pace was $327,754 in April 2025, up 0.1% from last year, and the median price per square foot was $174.

Median Sold Price By Cities

Median Sold Price By Cities
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
Allentown
+28.1%
Skyline
+3.0%
Milton
+0.9%
Pace
0.1%
Avalon-Mulat
-7.5%

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.
BedsApr 2024Apr 2025Change YoY
1-$358K
N/A
2$217.5K$194K
-10.8%
3$285.6K$285K
-0.2%
4$352K$362K
+2.8%
5$477K$579.9K
+21.6%

Summary: Pace housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -10.8%. The home price for 3 bedroom homes decreased by -0.2%. The home price for 4 bedroom homes increased by +2.8%. The home price for 5 bedroom homes increased by +21.6%.

How does Pace, FL compare with other places?

Market comparison tool

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

Pace, FL

Housing supply in Pace, FL

How many homes are available in Pace, 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
288Last MonthApr 2025
2642 months agoMar 2025
+9.1 %
Change MoMMar – Apr

Summary: The Pace real estate market had 288 homes for sale in Apr 2025, a 9.1 % increase compared to Mar 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
57Last MonthApr 2025
482 months agoMar 2025
+18.8 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
100
0.0%
211
0.0%
3126139
+10.3%
4108115
+6.5%
52933
+13.8%

Summary: Pace housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +10.3%. The inventory for 4 bedroom homes increased by +6.5%. The inventory for 5 bedroom homes increased by +13.8%.

Asking Price vs. Sold Price

How much do homes in Pace, 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 Price9 Homes

At Asking Price16 Homes

Under Asking Price28 Homes

Insight

If you're buying a home in Pace, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Pace in April 2025, up by 18.8% month-over-month. Of the 53 sold homes, 53% were sold under asking, 30% were sold at asking, and and 17% were sold over asking.

Days on Market for Pace, FL

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

Breakdown of Home Sale Times

Under 30 Days24 Homes

30 – 90 Days12 Homes

Over 90 Days21 Homes

Insight

Many homes in Pace are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 57 homes were sold in Pace; 42% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 37% 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
74 DaysThis YearApr 2025
79 Days1 year agoApr 2024
-5.8 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Pace had an average listing age of 74 days in Apr 2025, down by 5.8% compared to the previous year.

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Newest Listings in Pace, FL

What homes are available in Pace, FL?

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MLS Disclaimers and Copyright

Based on information from Pensacola MLS, Emerald Coast MLS, and Central Panhandle Association of REALTORS® MLS for the period 05/01/2023 - 05/01/2025

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: 5/29/2025, 8:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information Deemed Reliable but not guaranteed. 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 8:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively 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. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 8:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.