$10,000 Closing Credit*
$1,350,000
1,600 SqFt
3 Beds
•2 Full Baths
Nanette Harper, Listing Office: ISLAND REALTY OF PENSACOLA BEACH
Is Pensacola Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Pensacola Beach was a Seller's Market.
Key Takeaway
Pensacola Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pensacola Beach, FL
How much do homes in Pensacola Beach, FL cost?
Median Sold Price
$804,000
$559/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$34,000(+4.4%)
Key Takeaway
Homes in Pensacola Beach have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Pensacola Beach was $804,000 in September 2024, up 4.4% from last year, and the median price per square foot was $559.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $444.5K | $389K | -12.5% |
| 2 Bedrooms | $699K | $627.4K | -10.2% |
| 3 Bedrooms | $1.1M | $1.1M | +4.7% |
| 4 Bedrooms | $1.3M | $1.4M | +6.1% |
| 5+ Bedrooms | $1.6M | $2.6M | +55.9% |
Summary: Pensacola Beach housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 55.9%.
Housing Supply in Pensacola Beach, FL
How many homes are available in Pensacola Beach, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 127 | 130 | +2.4% |
Summary: The Pensacola Beach real estate market had 130 homes for sale in September 2024, a 2.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 71 | 67 | -5.6% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Pensacola Beach housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 7 | -58.8% |
Asking Price vs. Sold Price
6 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 Pensacola Beach, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pensacola Beach in September 2024, down by 58.8% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Pensacola Beach, FL
How long does it take to sell a home in Pensacola Beach, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 74 Days | 106 Days | +43.3% |
Summary: Homes in Pensacola Beach had an average of 106 days on market in Sep 2024, up by 43.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pensacola Beach are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in Pensacola Beach; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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.