Market Intelligence · FL / Pensacola

Pensacola, FL 32506 Housing Market

The typical home value in Pensacola 32506 is $243,445, up 2.4% over the past year. The median list price stands at $264,250, with homes staying on the market for a median of 57 days as of September 2026.

Updated September 2026Median value$243K

The median home value in Pensacola, FL 32506 is $243K as of September 2026, up 2.4% 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 32506 range

$224K to $263K

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

+2.4% over 12 months

Sep 2025$238K

Low $238KHigh $243K

Sep 2026$243K

The numbers

What is the 32506 housing market like?

As of September 2026

Typical home value

$243K

2.4%YoY

Median list price

$264K

0.3%MoM

Days on market

14.9%MoM

Homes for sale

126

2.3%MoM

Price cuts

21.3%

28.5%MoM

New listings

14.3%MoM

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

The outlook

32506 housing market forecast 2027

+0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32506 to rise 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 32506 rose 2.4%, per the Zillow Home Value Index.

Will home prices drop in 32506?

Zillow's forecast does not call for a drop: it expects typical home values in 32506 to rise 0.6% by September 2027, after a 2.4% 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.

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The comparison

How do 32506 home prices compare?

32506$243,445
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 126 homes for sale in 32506, with 48 new listings coming to market recently. The median list price of $264,250 sits above the typical home value of $243,445. Homes are taking 57 days to sell on average. A notable detail: 21.3% of listings have already seen a price cut, suggesting some sellers are adjusting expectations as the market cools. If you are thinking about selling, the price-cut activity indicates buyer caution is rising despite the year-over-year gains.

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Common questions

What people ask us.

What is the typical home value in 32506?

The typical home value in Pensacola 32506 is $243,445, which has risen 2.4% over the past year.

How long do homes typically stay on the market here?

Homes in 32506 spend a median of 57 days on the market as of September 2026.

What share of homes have had their price reduced?

As of September 2026, 21.3% of listings in 32506 have received a price cut.

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Nearby ZIP markets.

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