$9,369 Closing Credit*
$789,000
1,135 SqFt
2 Beds
•2 Full Baths
Jennifer Jackson, Listing Office: Levin Rinke Realty
Is Pensacola Beach, 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, 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
$558/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,500(+5.4%)
Key Takeaway
Homes in Pensacola Beach have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Pensacola Beach was $804,000 in October 2024, up 5.4% from last year, and the median price per square foot was $558.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $390K | +2.6% |
| 2 Bedrooms | $675K | $625K | -7.4% |
| 3 Bedrooms | $1.0M | $1.2M | +16.4% |
| 4 Bedrooms | $1.2M | $1.3M | +7.4% |
| 5+ Bedrooms | $1.6M | $2.6M | +55.9% |
Summary: Pensacola Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 7.4%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 126 | +7.7% |
Summary: The Pensacola Beach real estate market had 126 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 56 | 61 | +8.9% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The Pensacola Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pensacola Beach, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Pensacola Beach in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 78 Days | 101 Days | +28.5% |
Summary: Homes in Pensacola Beach had an average of 101 days on market in Oct 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pensacola Beach has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Pensacola Beach; 25% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% 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.