$4,749 Closing Credit*
$399,900
944 SqFt
2 Beds
•1 Full Bath
Jennifer Amberg, Listing Office: Palm Island Realty Group, LLC
Is Downtown Pensacola, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Downtown Pensacola was a Neutral Market.
Key Takeaway
Downtown Pensacola is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Pensacola, FL
How much do homes in Downtown Pensacola, FL cost?
Median Sold Price
$495,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$57,000(-10.3%)
Key Takeaway
Homes in Downtown Pensacola have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in Downtown Pensacola was $495,000 in October 2024, down 10.3% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.5K | $118.7K | +4.6% |
| 2 Bedrooms | $555K | $471.2K | -15.1% |
| 3 Bedrooms | $633.5K | $800K | +26.3% |
| 4 Bedrooms | $688K | $1.2M | +74.4% |
| 5+ Bedrooms | $582.5K | $465K | -20.2% |
Summary: Downtown Pensacola housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 74.4%, and 5+ bedroom homes decreased by 20.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Renz-anna Villa | $369K | $347K | -6.0% |
| East Downtown Pensacola | $309.5K | $287.5K | -7.1% |
| Downtown Pensacola | $552K | $495K | -10.3% |
| Saint John Coalition | $395K | $350K | -11.4% |
Housing Supply in Downtown Pensacola, FL
How many homes are available in Downtown Pensacola, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The Downtown Pensacola real estate market had 30 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Downtown Pensacola housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Pensacola, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Downtown Pensacola in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Pensacola, FL
How long does it take to sell a home in Downtown Pensacola, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 158 Days | 71 Days | -55.1% |
Summary: Homes in Downtown Pensacola had an average of 71 days on market in Oct 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Downtown Pensacola are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Downtown Pensacola; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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 2024. All rights reserved.
Listing information Copyright © 2024 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.