Market Intelligence · FL / Pensacola

Pensacola, FL 32502 Housing Market

Typical home value in Pensacola's 32502 ZIP is $336,953, down 0.6% over the past year. The median list price sits at $499,900, with homes spending 77 days on the market as of September 2026.

Updated September 2026Median value$337K

The median home value in Pensacola, FL 32502 is $337K as of September 2026, down 0.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 32502 range

$310K to $364K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.6% over 12 months

Typical home value in 32502 over the last 12 months: $339K in Sep 2025 to $337K in Sep 2026 (-0.6%).

Sep 2025$339K

Sep 2026$337K

The numbers

What is the 32502 housing market like?

Typical home value

$337K

Down0.6%YoY

Median list price

$500K

Flat0.0%MoM

Days on market

77

Up6.9%MoM

Homes for sale

53

Down10.2%MoM

Price cuts

8.7%

Down57.8%MoM

New listings

14

Up75.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

32502 housing market forecast 2027

+0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32502 to rise 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 32502 fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in 32502?

Zillow's forecast does not call for a drop: it expects typical home values in 32502 to rise 0.7% by September 2027, after a 0.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 32502 home prices compare?

  • 32502$336,953
  • Pensacola$263,418
  • Florida$344,436
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Pensacola: 10 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

The 32502 market shows modest supply pressure with 53 homes for sale and 14 new listings in September 2026. At a median of 77 days on market, properties are taking time to move. The median list price of $499,900 sits well above the typical home value of $336,953, reflecting the range of properties available. Price cuts appear on 8.7% of listings, suggesting some sellers are testing the market or adjusting expectations. For homeowners thinking about selling, the current pace favors patience over urgency.

Monthly payment

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20% · $67,391

Common questions

What people ask us.

What is the typical home value in 32502?

The typical home value is $336,953, down 0.6% over the past year as of September 2026.

How many homes are for sale in Pensacola's 32502 ZIP?

There are 53 homes for sale as of September 2026, with 14 new listings that month.

How long do homes typically stay on the market in 32502?

The median days on market is 77 as of September 2026.

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