Perdido Key Housing Market Report May 2025•Escambia County, Florida

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Housing Prices in Perdido Key, FL

How much do homes in Perdido Key, FL cost?

Housing Market Conditions

Is Perdido Key, 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

Perdido Key is a Buyer's Market

Difference Since May 2024

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

Insight

Perdido Key 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.
$675,000$453/SqFt
-$14,333
-2.1%

Based on all homes sold in the last 12 months

Insight

Homes in Perdido Key have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Perdido Key was $675,000 in May 2025, down 2.1% from last year, and the median price per square foot was $453.

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$360K$310.5K
-13.8%
2$540K$560K
+3.7%
3$750K$819K
+9.2%
4$1.3M$1.2M
-10.9%
5$2.7M$1.1M
-59.5%

Summary: Perdido Key housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -13.8%. The home price for 2 bedroom homes increased by +3.7%. The home price for 3 bedroom homes increased by +9.2%. The home price for 4 bedroom homes decreased by -10.9%. The home price for 5 bedroom homes decreased by -59.5%.

How does Perdido Key, FL compare with other places?

Market comparison tool

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

Perdido Key, FL

Housing supply in Perdido Key, FL

How many homes are available in Perdido Key, 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
308Last MonthMay 2025
3022 months agoApr 2025
+2.0 %
Change MoMApr – May

Summary: The Perdido Key real estate market had 308 homes for sale in May 2025, a 2.0 % 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
25Last MonthMay 2025
232 months agoApr 2025
+8.7 %
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
12626
0.0%
28485
+1.2%
3116117
+0.9%
45863
+8.6%
51817
-5.6%

Summary: Perdido Key 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 increased by +1.2%. The inventory for 3 bedroom homes increased by +0.9%. The inventory for 4 bedroom homes increased by +8.6%. The inventory for 5 bedroom homes decreased by -5.6%.

Asking Price vs. Sold Price

How much do homes in Perdido Key, 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 Price0 Home

At Asking Price0 Home

Under Asking Price25 Homes

Insight

If you're buying a home in Perdido Key, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Perdido Key in May 2025, up by 8.7% month-over-month. Of the 25 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Perdido Key, FL

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

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days2 Homes

Over 90 Days9 Homes

Insight

Most homes in Perdido Key are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2025, 25 homes were sold in Perdido Key; 16% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 36% 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
163 DaysThis YearMay 2025
92 Days1 year agoMay 2024
+76.3 %
Change YoYMay 2024 – May 2025

Summary: Homes in Perdido Key had an average listing age of 163 days in May 2025, up by 76.3% compared to the previous year.

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Newest Listings in Perdido Key, FL

What homes are available in Perdido Key, FL?

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MLS Disclaimers and Copyright

Based on information from Pensacola MLS, Baldwin County MLS Inc., Emerald Coast MLS, and Gulf Coast Multiple Listing Service for the period 06/01/2023 - 06/01/2025

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: 6/27/2025, 12:45:30 AM 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: 6/27/2025, 12:45:30 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: 6/27/2025, 12:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by Gulf Coast Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright © 2025 Gulf Coast Multiple Listing Service, Inc. 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: 6/27/2025, 12:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.