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Greater Pensacola

PENSACOLA, FL 32503

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 32503

Greater Pensacola

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PENSACOLA, FL real estate market (32503) currently shows 190 active listings, with 58 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 86 days on market compared to 73 days last year.

The median listing price has fallen 7.5% year-over-year, from $353,125 to $326,750.

Whether you are buying or selling in PENSACOLA, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 33,875  ·  Density: 1,037.2/mi²  ·  Median household income: $64,857

Typical home value: $234,140  ·  Homeownership: 66.8%

Market Overview

Active Listings
190
⇧ 1.6% vs 187 last year
Pending
58
31% pending ratio
Median Price
$326,750
⇩ 7.5% vs $353,125 last year
Average Price
$435,567
⇩ 12.1% vs $495,634 last year
Days on Market
86
⇧ 17.8% vs 73 days last year

Price Per Square Foot

Median $/sqft
$214
⇩ 3.6% vs $222/sqft last year
Median Home Size
1,577 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 190 this year vs 187 last year
  • Days on market: 86 now vs 73 last year

Median & Average Pricing

Year over Year
  • Median: $326,750 (-7.5% YoY)
  • Average: $435,567 (-12.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 29.2 miles — 2,214 listings ($1,232,884,837 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32503Pensacola, FL 325030.0 mi189$84,116,907$349,900$445,063
32501Pensacola, FL 325012.3 mi86$51,539,972$360,000$599,302
32502Pensacola, FL 325023.6 mi85$78,185,295$535,000$919,827
32534Pensacola, FL 325346.5 mi101$26,281,109$247,400$260,209
32561Gulf Breeze, FL 325619.8 mi152$195,233,360$840,000$1,284,430
32563Gulf Breeze, FL 3256311.9 mi232$138,906,056$474,500$598,733
32507Pensacola, FL 3250712.8 mi421$259,106,555$460,000$615,455
32571Milton, FL 3257114.6 mi266$104,779,794$354,295$393,909
32583Milton, FL 3258317.2 mi312$119,388,360$327,231$382,655
36530Elberta, AL 3653020.6 mi61$46,924,250$454,000$769,250
36567Robertsdale, AL 3656723.1 mi81$32,099,247$297,206$396,287
32570Milton, FL 3257027.2 mi176$61,198,192$328,716$347,717
36580Summerdale, AL 3658029.2 mi52$35,125,740$399,000$675,495

Frequently Asked Questions

How many homes are for sale in PENSACOLA, FL 32503?

As of February 2026, there are 190 active listings in PENSACOLA, FL (zip code 32503), compared to 187 the prior year.

What is the median home price in PENSACOLA, FL 32503?

The median listing price in PENSACOLA, FL 32503 is $326,750 as of February 2026, a 7.5% decrease from $353,125 the prior year.

How long do homes stay on the market in PENSACOLA, FL?

Homes in PENSACOLA, FL 32503 spend an average of 86 days on the market before going under contract, compared to 73 days the prior year.

Is it a seller's or buyer's market in PENSACOLA, FL 32503?

Based on current inventory and days-on-market data as of February 2026, PENSACOLA, FL 32503 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 73 days last year.

How much can I save on real estate commission in PENSACOLA, FL?

With SELL123.com's maximum 3% commission, sellers in PENSACOLA, FL 32503 save an estimated $6,535 compared to a typical 5% commission on the median listing price of $326,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.