$4,928 Closing Credit*
$415,000
1,188 SqFt
2 Beds
•2 Full Baths
Nora Trotman, Listing Office: Kuhn Realty
Is East 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, East Downtown Pensacola was a Seller's Market.
Key Takeaway
East Downtown Pensacola is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Downtown Pensacola, FL
How much do homes in East Downtown Pensacola, FL cost?
Median Sold Price
$287,500
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$22,000(-7.1%)
Key Takeaway
Homes in East Downtown Pensacola have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in East Downtown Pensacola was $287,500 in October 2024, down 7.1% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.7K | $179K | +50.7% |
| 2 Bedrooms | $229K | $282.5K | +23.4% |
| 3 Bedrooms | $315K | $296K | -6.0% |
| 4 Bedrooms | $301K | $577.5K | +91.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: East Downtown Pensacola housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.7%, 2 bedroom homes increased by 23.4%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 91.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| East Hill | $487.5K | $455K | -6.7% |
| East Downtown Pensacola | $309.5K | $287.5K | -7.1% |
| Eastmount | $183.5K | $165K | -10.1% |
Housing Supply in East Downtown Pensacola, FL
How many homes are available in East Downtown Pensacola, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The East Downtown Pensacola real estate market had 21 homes for sale in October 2024, a 8.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East 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 decreased by 42.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East 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 1 homes were sold or pending in East Downtown Pensacola in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Downtown Pensacola, FL
How long does it take to sell a home in East Downtown Pensacola, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 4 Days | -91.4% |
Summary: Homes in East Downtown Pensacola had an average of 4 days on market in Oct 2024, down by 91.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Downtown Pensacola are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in East Downtown Pensacola; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
