In August 2026, 94 homes sold in Pace at a median of $357,427, taking a typical 30 days to sell. There are 269 homes on the market at a median of $388,271, and 133 more under contract.
The numbers
Measure | August 2026 |
|---|---|
Homes sold | 94 |
Median sale price | $357,427 |
Median days on market | 30 |
Price per square foot | $175 |
Homes for sale | 269 |
Median list price | $388,271 |
Under contract | 133 |
Sale-to-list ratio | 100.0% |
Months of supply | 2.9 |
What's actually going on
Pace is the fastest market on the Gulf Coast right now. Half the homes that sold — 46 of 94 — were gone in under a month, and sellers got a median of 100% of asking. Not 98, not 99. Asking.
There's still a $30,844 gap between the median sale and the median listing, and it's the same new-construction story as Cantonment next door: homes that sold were built around 2018, homes for sale were built around 2024. But unlike Cantonment, Pace is absorbing that inventory quickly — about 2.9 months of supply at the current pace of sales.
The split is still real, though. Twenty-seven of the 94 sales took more than two months. Pace rewards correct pricing faster than anywhere else here, and punishes the opposite just as fast.
If you're selling
Homes in Pace closed at a median of 100.0% of asking in August. Price to the market and you'll get very close to your number — the discounting happens to homes that started too high, not to homes priced right from the start.
With 269 homes for sale and 94 selling a month, you're competing against roughly 2.9 months of inventory.
If you're buying
27 of the 94 homes that sold took more than two months to get there, and 269 are still listed — a median of 58 days each. Anything that's been sitting is worth an offer.
Common questions
How long does it take to sell a house in Pace?
A median of 30 days in August. That average hides a split: 46 of 94 sold in under 30 days and 27 took more than 60. Where a home lands is mostly about pricing.
Is Pace a buyer's or seller's market right now?
About 2.9 months of supply. Under four months generally favors sellers; over six favors buyers.
What do homes actually cost in Pace?
The median sale was $357,427 in August, at about $175 per square foot. Of the 94 sales, 11 were under $250,000, 32 between $250,000 and $350,000, 39 between $350,000 and $500,000, and 12 above $500,000.
Data: Pensacola MLS, closings in August 2026, zip codes 32571. 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)
