ZIP 32504 Housing Market & Real Estate Update (Pensacola, FL) – February 21, 2026

ZIP 32504 (Pensacola, Escambia County, Florida) is sending a mixed signal right now: some dashboards show year-over-year softening, while recent closed-sale medians show a rebound. With mortgage rates still around the low-6% range, affordability and home condition are doing a lot of the sorting.

Top takeaways

Prices are split by source: recent sold-price metrics are up year over year, but some ZIP-level summaries still show lower medians versus late 2024.
Inventory is not ultra-tight: major portals show roughly the low-100s to ~150 active listings depending on the snapshot date and methodology.
Negotiation looks normal: sale-to-list is under 100%, and homes are taking around 2–3 months to move on average.

Market snapshot (latest available)

Home values vs. closed sales: Zillow’s typical home value for 32504 is $260,648 (down 1.6% over the past year; data through Jan. 31, 2026). Redfin’s January 2026 snapshot shows a $287,500 median sale price (up 15.0% year over year). Realtor.com’s ZIP summary for December 2025 shows a $265,000 median home price (down 10.76% year over year).

Inventory and pace: Zillow’s monthly snapshot shows 118 homes in for-sale inventory (as of Jan. 31, 2026). Realtor.com’s ZIP dashboard tracks 149 active listings for its December 2025 reporting period and about 82 average days on market. Redfin reports homes selling in about 80 median days (January 2026) and notes 70 homes sold in January (down from 83 a year earlier).

How much are buyers negotiating? Redfin shows a 96.4% sale-to-list price ratio (January 2026) and says the average home sells for about 4% below list, going pending in around 79 days.

Rentals: Zillow’s rent trend shows an average rent around $1,326 (Jan. 31, 2026). Realtor.com shows a $1,595 median rent and 47 active apartments for rent in 32504. (These can differ by site due to data sources and what unit types are included.)

Mortgage-rate check

Freddie Mac’s weekly Primary Mortgage Market Survey shows the average 30-year fixed rate at 6.01% as of Feb. 19, 2026 (down from 6.09% the week prior). If this level holds, expect buyers to stay payment-sensitive and negotiate hardest on homes that need visible updates (roof, HVAC, windows, cosmetics).

What’s for sale nearby (no addresses)

Resale homes: Current portal snapshots put the median listing price around the mid-$200Ks, with homes commonly spending around 2–3 months on market.
New construction: Redfin shows 9 new homes for sale in 32504 with a median listing price around $285K.
Lots and land: Redfin shows 14 land listings in 32504, useful for buyers comparing build-vs-buy.

ServiceXTC local pro help

Directory check: we could not confirm 3–5 verified, ZIP-matched ServiceXTC provider pages to feature for 32504 in this pull. If you’re a local home-service pro (inspection, roofing, HVAC, plumbing, electrical, remodeling), getting listed helps buyers and sellers find you when prepping a home for market.

Sources

Zillow ZIP 32504 home values, inventory, and rent trend snapshot
Redfin ZIP 32504 housing market trends (sales, days on market, sale-to-list)
Realtor.com ZIP 32504 market dashboard (Dec 2025 summary)
Realtor.com 32504 active homes-for-sale view
Redfin 32504 new construction view
Redfin 32504 land-for-sale view
Realtor.com 32504 apartments-for-rent view
Freddie Mac PMMS weekly mortgage-rate release
UnitedStatesZipCodes ZIP 32504 city and county

What are you noticing in 32504 right now: more price cuts, more homes sitting longer, or well-priced listings still going quickly?