$180,000
0.34 Acres
Land
Jenni Buckley, Listing Office: Home Town Realty Partners, LLC
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 September 2023
Since last year, East Downtown Pensacola has remained a Seller's Market.
Key Takeaway
East Downtown Pensacola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Downtown Pensacola, FL
How much do homes in East Downtown Pensacola, FL cost?
Median Sold Price
$275,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$37,250(-11.9%)
Key Takeaway
Homes in East Downtown Pensacola have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in East Downtown Pensacola was $275,000 in September 2024, down 11.9% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.5K | $148K | +60.0% |
| 2 Bedrooms | $229K | $270K | +17.9% |
| 3 Bedrooms | $356.7K | $288.5K | -19.1% |
| 4 Bedrooms | - | $441.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: East Downtown Pensacola housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| East Hill | $484K | $480K | -0.8% |
| Baymark | $647.9K | $638.5K | -1.5% |
| Eastmount | $180K | $175K | -2.8% |
| East Downtown Pensacola | $312.2K | $275K | -11.9% |
| Goulding | $145K | $121K | -16.6% |
Housing Supply in East Downtown Pensacola, FL
How many homes are available in East Downtown Pensacola, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The East Downtown Pensacola real estate market had 27 homes for sale in September 2024, a 3.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Downtown Pensacola housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in East Downtown Pensacola in September 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 61 Days | 29 Days | -52.5% |
Summary: Homes in East Downtown Pensacola had an average of 29 days on market in Sep 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 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 September 2024, 5 homes were sold in East Downtown Pensacola; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
