Market Intelligence · FL / Pensacola

Pensacola, FL 32505 Housing Market

The typical home in Pensacola's 32505 ZIP code is worth $143,436, down 1.2% over the past year. The median list price stands at $195,000, with homes spending a median of 80 days on the market as of September 2026.

Updated September 2026Median value$143K

The median home value in Pensacola, FL 32505 is $143K as of September 2026, down 1.2% 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 32505 range

$132K to $155K

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

-1.2% over 12 months

Sep 2025$145K

Low $143KHigh $148K

Sep 2026$143K

The numbers

What is the 32505 housing market like?

As of September 2026

Typical home value

$143K

1.2%YoY

Median list price

$195K

5.4%MoM

Days on market

19.4%MoM

Homes for sale

14.2%MoM

Price cuts

13.5%

45.4%MoM

New listings

50.0%MoM

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

The outlook

32505 housing market forecast 2027

+0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32505 to stay roughly flat by September 2027 (up 0.3%).

Over the 12 months through September 2026, typical home values in 32505 fell 1.2%, per the Zillow Home Value Index.

Will home prices drop in 32505?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 32505 to stay roughly flat by September 2027 (up 0.3%), after a 1.2% 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 32505 home prices compare?

32505$143,436
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 91 homes for sale in 32505, with 42 new listings added to the market. The median days on market of 80 suggests properties are taking time to find buyers. About 13.5% of listings have already seen price cuts, reflecting the softer demand. For sellers, this is a balanced market leaning toward caution: list competitively and be prepared for a longer sales cycle.

Monthly payment

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Home price

Down payment20% · $28,687

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Common questions

What people ask us.

What is the typical home value in 32505?

The typical home value in 32505 is $143,436, down 1.2% over the past year as of September 2026.

How long do homes stay on the market in 32505?

The median days on market is 80 as of September 2026.

How many homes are currently for sale in 32505?

There are 91 homes for sale in 32505 as of September 2026, with 42 new listings in that period.

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Nearby ZIP markets.

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