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PENSACOLA, FL 32506

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

Market Analysis

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

The PENSACOLA, FL real estate market (32506) currently shows 202 active listings, with 58 pending sales. Homes are averaging 82 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 82 days on market compared to 76 days last year.

The median listing price has risen 0.5% year-over-year, from $279,450 to $280,931.

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: 36,066  ·  Density: 455.1/mi²  ·  Median household income: $57,302

Typical home value: $176,431  ·  Homeownership: 60.0%

Market Overview

Active Listings
202
⇧ 1.5% vs 199 last year
Pending
58
29% pending ratio
Median Price
$280,931
⇧ 0.5% vs $279,450 last year
Average Price
$300,374
⇩ 9.3% vs $331,007 last year
Days on Market
82
⇧ 7.9% vs 76 days last year

Price Per Square Foot

Median $/sqft
$170
⇩ 3.4% vs $176/sqft last year
Median Home Size
1,597 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 202 this year vs 199 last year
  • Days on market: 82 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $280,931 (+0.5% YoY)
  • Average: $300,374 (-9.3% 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 23.9 miles — 2,309 listings ($1,144,038,750 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32506Pensacola, FL 325060.0 mi215$62,469,110$278,933$290,554
36549Lillian, AL 365494.9 mi57$23,220,147$329,900$407,371
32505Pensacola, FL 325058.0 mi115$24,681,990$180,000$214,626
32501Pensacola, FL 325019.2 mi86$51,539,972$360,000$599,302
36574Seminole, AL 3657410.7 mi5$3,203,900$630,000$640,780
32534Pensacola, FL 3253411.1 mi101$26,281,109$247,400$260,209
32514Pensacola, FL 3251413.2 mi152$45,467,760$254,500$299,130
32533Cantonment, FL 3253315.6 mi295$108,125,465$339,450$366,527
36567Robertsdale, AL 3656719.0 mi81$32,099,247$297,206$396,287
36580Summerdale, AL 3658020.7 mi52$35,125,740$399,000$675,495
32571Milton, FL 3257121.9 mi266$104,779,794$354,295$393,909
36542Gulf Shores, AL 3654223.3 mi872$618,025,640$539,400$708,745
36555Magnolia Springs, AL 3655523.9 mi12$9,018,876$647,450$751,573

Frequently Asked Questions

How many homes are for sale in PENSACOLA, FL 32506?

As of February 2026, there are 202 active listings in PENSACOLA, FL (zip code 32506), compared to 199 the prior year.

What is the median home price in PENSACOLA, FL 32506?

The median listing price in PENSACOLA, FL 32506 is $280,931 as of February 2026, a 0.5% increase from $279,450 the prior year.

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

Homes in PENSACOLA, FL 32506 spend an average of 82 days on the market before going under contract, compared to 76 days the prior year.

Is it a seller's or buyer's market in PENSACOLA, FL 32506?

Based on current inventory and days-on-market data as of February 2026, PENSACOLA, FL 32506 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 82 days on market compared to 76 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 32506 save an estimated $5,619 compared to a typical 5% commission on the median listing price of $280,931. 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.