In August 2026, 87 homes sold in Cantonment and Molino at a median of $294,900, taking a typical 43 days to sell. There are 273 homes on the market right now at a median of $337,900, and 142 more under contract. The gap between what's selling and what's listed is the story this month.
The numbers
Measure | August 2026 |
|---|---|
Homes sold | 87 |
Median sale price | $294,900 |
Median days on market | 43 |
Price per square foot | $169 |
Homes for sale | 273 |
Median list price | $337,900 |
Under contract | 142 |
Sale-to-list ratio | 99.4% |
What's actually going on
There's a $43,000 gap between the median home that sold and the median home currently for sale. That isn't a sign prices are rising — it's a sign the two groups are different houses.
The homes that sold were built around 2020. The homes for sale were built around 2024. Cantonment is one of the busiest new-construction corridors in Escambia County right now, and new builds carry a premium the resale market isn't matching. You can see it in the price per square foot too: $169 for what sold, $183 for what's listed.
The days-on-market numbers say the same thing from another angle. Homes that sold took a median of 43 days. Homes still sitting have been listed a median of 61 days. What's left has been on the market longer than what sold took to sell — which is what happens when part of the inventory is priced ahead of the market.
And the market is split rather than average. Of the 87 sales, 31 sold in under a month and 32 took more than two months. There's very little in between. Price is almost always what separates those two groups.
The bulk of activity sits in one band: 48 of the 87 sales — more than half — closed between $250,000 and $350,000. Above $500,000 there were only four sales all month.
If you're selling
Your competition is a new build with a builder's marketing budget behind it. You won't win on finish, so you have to win on price and condition — and the 43-versus-61-day split says the market decides that quickly. Homes priced correctly here are still moving in under a month.
The encouraging part: homes in Cantonment are closing at a median of 99.4% of asking. Sellers who price to the market are getting very close to their number. The discount is happening to homes that started too high, not to homes that were priced right.
If you're buying
There are 273 homes to choose from and more than a third have been sitting over two months. That's real negotiating room, particularly on anything listed a while. The $250,000–$350,000 band is where the competition is; move above it and you have the field mostly to yourself.
Common questions
Is Cantonment a good place to buy right now?
There's more inventory than buyers at the moment — 273 homes for sale against 87 sales in a month. That generally favours buyers, particularly on listings that have been up a while.
How long does it take to sell a house in Cantonment?
A median of 43 days in August. But that average hides a split: 31 of 87 sold in under 30 days and 32 took more than 60. Where a home lands is mostly about pricing.
What about Molino?
Molino is a much smaller market — 3 sales in August against Cantonment's 84. That's too few to draw a median from honestly, which is why the two are reported together here. The corridor behaves as one market.
Data: Pensacola MLS, closings in August 2026, zip codes 32533, 32534 and 32577. Pulled September 2, 2026. Figures are medians for residential listings.
Tyler Darden — REALTOR®, Military Relocation Professional · Real Broker, LLC · Licensed in Florida (SL3662859) and Alabama (146317)
