Pensacola, FL metro area Housing Market
Cold MarketComprehensive housing market data for the Pensacola, FL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$330K
↓ 1.2% YoY
Days on Market
80 days
↓ 18.4% YoY
Active Inventory
3,443
↓ 16.8% YoY
Homes Sold
826
↑ 9.3% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Pensacola, FL metro area Market Summary
The Pensacola, FL metro area housing market is cooling down. As of March 2026, the median home sale price is $330K, down 1.2% year-over-year. Homes are spending a median of 80 days on the market, 18.4% shorter than a year ago.
There are 3,443 homes for sale — 16.8% fewer than last year. With 4.2 months of supply, this is a balanced market. 1,210 new listings were added during this period, down 0.4% year-over-year.
Homes are selling for 97.6% of their list price on average, suggesting room for negotiation. 14.8% of homes sell above their asking price. 28.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
78
Contributing Factors
How This Market Compares
vs. National Median
vs. Florida Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 24% below the national median, which could indicate stronger cash flow potential.
Pensacola, FL metro area Market Trends
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Detailed Market Metrics
Median List Price
$360K
Price per Sq Ft
$185
Sale-to-List Ratio
97.6%
Months of Supply
4.2
Sold Above List
14.8%
Price Drops
28.4%
New Listings
1,210
↓ 0.4% YoY
Pending Sales
1,174
Off Market in 2 Weeks
26.6%
Other Markets in Florida
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Jacksonville, FL metro area
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Cape Coral, FL metro area
$360K · 78d on market
Fort Lauderdale, FL metro area
$457K · 92d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.