Market Intelligence · FL / Pensacola

Pensacola, FL 32514 Housing Market

The typical home value in Pensacola 32514 is $259,011, up 2.2% over the past year. The median list price stands at $294,998, with homes spending a median of 66 days on market as of September 2026.

Updated September 2026Median value$259K

The median home value in Pensacola, FL 32514 is $259K as of September 2026, up 2.2% 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 32514 range

$238K to $280K

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

+2.2% over 12 months

Sep 2025$253K

Low $253KHigh $259K

Sep 2026$259K

The numbers

What is the 32514 housing market like?

As of September 2026

Typical home value

$259K

2.2%YoY

Median list price

$295K

1.7%MoM

Days on market

11.9%MoM

Homes for sale

126

5.3%MoM

Price cuts

25.9%

19.3%MoM

New listings

40.0%MoM

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

The outlook

32514 housing market forecast 2027

+0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32514 to rise 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 32514 rose 2.2%, per the Zillow Home Value Index.

Will home prices drop in 32514?

Zillow's forecast does not call for a drop: it expects typical home values in 32514 to rise 0.6% by September 2027, after a 2.2% 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 32514 home prices compare?

32514$259,011
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

Pensacola 32514 has 126 homes for sale, with 36 new listings added in September 2026. The median days on market of 66 suggests a steady pace of activity, though not particularly brisk. About 25.9% of listings have seen price reductions, indicating some seller flexibility. Despite the modest gains in typical home value, the market shows signs of moderation. Sellers should be realistic about pricing and timing if they plan to list.

Monthly payment

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Home price

Down payment20% · $51,802

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Common questions

What people ask us.

What is the typical home value in 32514?

The typical home value in Pensacola 32514 is $259,011, which has increased 2.2% over the past year.

How long do homes typically stay on the market in 32514?

Homes in this ZIP spend a median of 66 days on market before sale.

What percentage of homes have price cuts in 32514?

About 25.9% of listings in Pensacola 32514 have experienced a price reduction as of September 2026.

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