Market Intelligence · FL / Pensacola

Pensacola, FL 32534 Housing Market

The typical home value in 32534 is $236,616, down 0.3% over the past year. The median list price stands at $255,000, with homes taking a median of 57 days to sell as of September 2026.

Updated September 2026Median value$237K

The median home value in Pensacola, FL 32534 is $237K as of September 2026, down 0.3% 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 32534 range

$218K to $256K

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

-0.3% over 12 months

Sep 2025$237K

Low $237KHigh $239K

Sep 2026$237K

The numbers

What is the 32534 housing market like?

As of September 2026

Typical home value

$237K

0.3%YoY

Median list price

$255K

5.2%MoM

Days on market

3.6%MoM

Homes for sale

3.6%MoM

Price cuts

18.4%

3.1%MoM

New listings

50.0%MoM

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

The outlook

32534 housing market forecast 2027

+0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32534 to rise 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 32534 fell 0.3%, per the Zillow Home Value Index.

Will home prices drop in 32534?

Zillow's forecast does not call for a drop: it expects typical home values in 32534 to rise 0.6% by September 2027, after a 0.3% 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 32534 home prices compare?

32534$236,616
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

There are 57 homes for sale in 32534, with 30 new listings arriving in September 2026. Nearly one in five listings, at 18.4%, have seen a price cut. The median time on market of 57 days reflects a market where homes are not moving quickly. For sellers, this suggests a cautious approach to pricing will be important in getting an offer.

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Down payment20% · $47,323

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Common questions

What people ask us.

What is the typical home value in 32534?

The typical home value in 32534 is $236,616, down 0.3% over the past year as of September 2026.

How long do homes take to sell in 32534?

The median days on market is 57 days as of September 2026.

What share of homes have had their price reduced?

As of September 2026, 18.4% of listings in 32534 have had a price cut.

Discover

Nearby ZIP markets.

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