Market data · September 2026
Gulf Coast Housing Market by City — September 2026
Eight Florida areas and five Alabama cities, same month, same numbers. Where homes sell fastest and where you have the most room to negotiate.
In September 2026, 708 homes sold across the Pensacola-area cities we track at a median of $320,000, taking a typical 47 days. Sellers got a median of 99.0% of asking. Those regional numbers hide a lot of variation: Milton was the fastest at 36 days and Gulf Breeze Proper & Pensacola Beach the slowest at 130.
Here is every city, side by side.
Every city, September 2026
| City | Median sale | Days to sell | Sale-to-list | Months of supply |
|---|---|---|---|---|
| Pensacola | $295,000 | 43 | 98.5% | 3.7 |
| Cantonment & Molino | $298,950 | 54 | 99.3% | 3.2 |
| Milton | $303,355 | 36 | 100.0% | 3.2 |
| Pace | $342,438 | 38 | 100.0% | 3.7 |
| Gulf Breeze (Midway) | $385,000 | 41 | 100.0% | 3.5 |
| Perdido Key | $403,250 | 54 | 97.8% | 5.1 |
| Navarre | $421,000 | 56 | 98.4% | 5.8 |
| Gulf Breeze Proper & Pensacola Beach | $772,500 | 130 | 96.1% | 5.0 |
Months of supply is how long it would take to sell every listed home at the current pace. Under four months generally favours sellers. Over six favours buyers.
What the table actually tells you
Milton has the least supply. 3.2 months, with a 36-day median and sellers getting 100.0% of asking. It is the closest thing to a seller’s market on the Florida side this month.
Navarre has the most room to negotiate. 5.8 months of supply, with 185 homes listed against 32 sales. That is the leverage a buyer has in September.
Price and speed don’t move together here. Pensacola was the cheapest at $295,000; Gulf Breeze Proper & Pensacola Beach the most expensive at $772,500. The fastest market was Milton at 36 days — a seller who assumes an expensive home sells quickly will be disappointed.
Gulf Breeze is really two markets. The mainland Midway side (32563) sold at a median of $385,000. The peninsula and Pensacola Beach (32561) sold at $772,500 — and at $437 per square foot against $207. They share a name and almost nothing else, which is why they’re reported separately.
The spread is wide. $477,500 separates the cheapest and most expensive areas — which is why “what does a house cost in Pensacola” has no useful single answer.
Baldwin County, Alabama
The Alabama side splits in two: working towns where around a fifth of listings are under contract, and resort towns where fewer than one in ten are.
| City | Selling / month | Average sale | Days | Pending ratio | Months of supply |
|---|---|---|---|---|---|
| Foley | 101 | $351,059 | 75 | 19% | 3.4 |
| Daphne | 81 | $404,404 | 61 | 25% | 3.2 |
| Gulf Shores | 107 | $606,636 | 114 | 8% | 7.7 |
| Fairhope | 76 | $647,755 | 80 | 13% | 4.5 |
| Orange Beach | 99 | $966,056 | 119 | 8% | 6.4 |
These numbers are not directly comparable to the Florida table above. Baldwin figures come from AreaPro and cover a rolling six-month period using averages; the Florida figures are single-month medians from the Pensacola MLS. Averages run higher than medians, and a six-month window smooths out short-term movement. Compare Baldwin cities to each other, and Florida cities to each other.
The individual reports
Each city has its own full report with the local detail — the price bands, how the market splits between fast and slow sales, and what it means for buying or selling there specifically.
Florida — Escambia & Santa Rosa - Pensacola - Cantonment & Molino - Milton - Perdido Key - Pace - Gulf Breeze (Midway) - Gulf Breeze Proper & Pensacola Beach - Navarre
Alabama — Baldwin County - Foley - Daphne - Gulf Shores - Fairhope - Orange Beach
Data: Pensacola MLS, closings in September 2026 (September 1–30) across the zip codes of the cities listed above; inventory as of September 23, 2026. Pulled October 2, 2026. Figures are medians for residential listings. Baldwin County, Alabama is from AreaPro, reported separately.