Pensacola, FL 32507 Real Estate Market Report

ZIP Code: 32507
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Pensacola, FL (ZIP: 32507) is currently $299,000, reflecting a significant decrease in market value. This downward trend in prices suggests a market that is adjusting to lower demand levels, as evidenced by the 297 days median days on market, indicating that homes are taking considerably longer to sell. The gap between the median listing price of $461,950 and the median sold price highlights a disconnect between seller expectations and current buyer willingness, which may lead to further price adjustments in the near term.

Overall, the market is characterized by elevated inventory levels relative to sales activity, leading to a cold market temperature. With elevated interest rate pressure, potential buyers may be hesitant, contributing to a slower transaction volume. The combination of these factors suggests that the market may continue to experience downward pricing pressure unless demand dynamics shift significantly.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. The median sold price of $299,000 indicates a market under pressure, with prices trending down.

2. Homes are spending a median of 297 days on market, reflecting a slower sales velocity and reduced buyer urgency.

3. The median listing price of $461,950 shows a significant gap compared to sold prices, suggesting potential pricing friction for sellers.

4. With a cold market temperature, the current conditions may lead to decreasing demand for properties in the area.

5. The median market rent of $1,623 is also experiencing a slight down trend, indicating broader economic pressures.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.