Terry Gaston

Pensacola, FL 32505

Single-Family Homes

Coastal Realty Experts



Pensacola, FL 32505

Thu Jan 23 2020
This week the median list price for Pensacola, FL 32505 is $74,499 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has held steady at or around 46. Click here to stay informed with the Pensacola market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Pensacola, FL 32505

Thu Jan 23 2020
This week the median list price for Pensacola, FL 32505 is $74,499 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has held steady at or around 46. Click here to stay informed with the Pensacola market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Pensacola market.
Median List Price $74,499
Per Square Foot $65
Days on Market 124
Price Decreased 46%
Price Increased 4%
Relisted 4%
Inventory 46
Median Rent $995
Most Expensive $379,900
Least Expensive $35,700
Market Action 44
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$169,000 1,981 8,000 - 10,000 sqft 3 2 23 1 1 59
$98,000 1,381 0.25 - 0.5 acre 3 2 60 2 3 94
$65,000 1,102 8,000 - 10,000 sqft 3 1 62 3 0 161
$51,000 1,146 6,500 - 8,000 sqft 3 1 66 1 0 173