Market Intelligence · FL / Pensacola

Pensacola, FL 32504 Housing Market

The typical home value in Pensacola's 32504 ZIP is $267,290, up 2.0% over the past year. Homes are listed at a median price of $238,900 and spend a median of 43 days on the market before sale.

Updated September 2026Median value$267K

The median home value in Pensacola, FL 32504 is $267K as of September 2026, up 2.0% 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.

Sell without the wait

Sell your Pensacola home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 32504 range

$246K to $289K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 32504 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Pensacola, FL.

12-month value trend

+2.0% over 12 months

Sep 2025$262K

Low $262KHigh $268K

Sep 2026$267K

The numbers

What is the 32504 housing market like?

As of September 2026

Typical home value

$267K

2.0%YoY

Median list price

$239K

2.6%MoM

Days on market

29.5%MoM

Homes for sale

111

7.8%MoM

Price cuts

14.4%

23.8%MoM

New listings

50.0%MoM

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

The outlook

32504 housing market forecast 2027

+0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32504 to stay roughly flat by September 2027 (up 0.2%).

Over the 12 months through September 2026, typical home values in 32504 rose 2.0%, per the Zillow Home Value Index.

Will home prices drop in 32504?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 32504 to stay roughly flat by September 2027 (up 0.2%), after a 2.0% rise 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.

Free home value report

See what your 32504 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 32504 home prices compare?

32504$267,290
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

As of September 2026, there are 111 homes for sale in 32504, with 60 new listings added recently. The median list price stands at $238,900, while homes are taking a median of 43 days to sell. About 14.4% of listings have received a price cut, suggesting some sellers are adjusting expectations. Despite modest year-over-year appreciation of 2.0%, the market here is showing typical absorption for a Pensacola neighborhood. If you're thinking about selling, the current pace and pricing adjustments suggest you should be realistic about your home's market value and competitive position.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $53,458

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 32504?

The typical home value in this ZIP is $267,290, which has increased 2.0% over the past year.

How long do homes typically stay on the market in 32504?

Homes spend a median of 43 days on the market before selling.

What share of homes have had their price reduced?

About 14.4% of current listings in 32504 have received a price cut.

Discover

Nearby ZIP markets.

Keep reading