Pensacola Housing Market Report February 2025•Escambia County, Florida

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Housing Prices in Pensacola, FL

How much do homes in Pensacola, FL cost?

Housing Market Conditions

Is Pensacola, 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

Pensacola is a Buyer's Market

Difference Since February 2024

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

Insight

Pensacola 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.
$285,090$177/SqFt
-$8,543
-2.9%

Based on all homes sold in the last 12 months

Insight

Homes in Pensacola have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Pensacola was $285,090 in February 2025, down 2.9% from last year, and the median price per square foot was $177.

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
Gulf Breeze
+9.0%
Pensacola
-2.9%
Avalon-Mulat
-7.8%

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.
BedsFeb 2024Feb 2025Change YoY
1$293.4K$290K
-1.2%
2$200.5K$210K
+4.7%
3$270.1K$265K
-1.9%
4$334.4K$348.8K
+4.3%
5$405.9K$615K
+51.5%

Summary: Pensacola housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -1.2%. The home price for 2 bedroom homes increased by +4.7%. The home price for 3 bedroom homes decreased by -1.9%. The home price for 4 bedroom homes increased by +4.3%. The home price for 5 bedroom homes increased by +51.5%.

Housing supply in Pensacola, FL

How many homes are available in Pensacola, 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
2,142Last MonthFeb 2025
1,9182 months agoJan 2025
+11.7 %
Change MoMJan – Feb

Summary: The Pensacola real estate market had 2,142 homes for sale in Feb 2025, a 11.7 % increase compared to Jan 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
268Last MonthFeb 2025
2332 months agoJan 2025
+15.0 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
31,0191,115
+9.4%
5109120
+10.1%
16073
+21.7%
2297345
+16.2%
4433489
+12.9%

Summary: Pensacola housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 3 bedroom homes increased by +9.4%. The inventory for 5 bedroom homes increased by +10.1%. The inventory for 1 bedroom homes increased by +21.7%. The inventory for 2 bedroom homes increased by +16.2%. The inventory for 4 bedroom homes increased by +12.9%.

Asking Price vs. Sold Price

How much do homes in Pensacola, 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 Price29 Homes

At Asking Price54 Homes

Under Asking Price158 Homes

Insight

If you're buying a home in Pensacola, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.

Summary: A total of 268 homes were sold or pending in Pensacola in February 2025, up by 15.0% month-over-month. Of the 241 sold homes, 66% were sold under asking, 22% were sold at asking, and and 12% were sold over asking.

Days on Market for Pensacola, FL

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

Breakdown of Home Sale Times

Under 30 Days110 Homes

30 – 90 Days67 Homes

Over 90 Days83 Homes

Insight

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

Summary: During February 2025, 268 homes were sold in Pensacola; 41% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 31% 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
72 DaysThis YearFeb 2025
63 Days1 year agoFeb 2024
+15.3 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Pensacola had an average listing age of 72 days in Feb 2025, up by 15.3% compared to the previous year.

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Newest Listings in Pensacola, FL

What homes are available in Pensacola, FL?

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Nearby markets aren't available for Pensacola, FL

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MLS Disclaimers and Copyright

Based on information from Pensacola MLS, Baldwin County MLS Inc., Emerald Coast MLS, Stellar MLS, and Florida Gulf Coast MLS for the period 03/01/2023 - 03/01/2025

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: 3/8/2025, 9:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listing information Copyright © 2025 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/8/2025, 9:20:52 PM 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: 3/8/2025, 9:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/8/2025, 9:19:52 PM 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 website comes in part from the Southwest Florida Multiple Listing Service. 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 has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/8/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.