In August 2026, 61 homes sold in Perdido Key at a median of $345,000, taking a typical 48 days to sell. There are 364 homes on the market at a median of $466,000, and 113 more under contract.
The numbers
Measure | August 2026 |
|---|---|
Homes sold | 61 |
Median sale price | $345,000 |
Median days on market | 48 |
Price per square foot | $232 |
Homes for sale | 364 |
Median list price | $466,000 |
Under contract | 113 |
Sale-to-list ratio | 98.8% |
Months of supply | 6.0 |
What's actually going on
Perdido Key has more inventory relative to sales than anywhere else on the coast: 364 homes listed against 61 sales in August. That's roughly six months of supply, and it's the clearest buyer's market in the region.
It shows up in the timelines. Active listings have been on the market a median of 96 days — over three months — against 48 days for what actually sold. And there's a $121,000 gap between the median sale and the median asking price, on housing stock that's the same age on both sides (built around 2000).
This is normal for a beach market, where a lot of what's listed is second homes and rentals whose owners aren't in a hurry. But for a buyer, it's real leverage — and for a seller, it means your competition is 363 other listings.
If you're selling
Homes in Perdido Key closed at a median of 98.8% 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 364 homes for sale and 61 selling a month, you're competing against roughly 6.0 months of inventory.
If you're buying
26 of the 61 homes that sold took more than two months to get there, and 364 are still listed — a median of 96 days each. Anything that's been sitting is worth an offer.
Common questions
How long does it take to sell a house in Perdido Key?
A median of 48 days in August. That average hides a split: 22 of 61 sold in under 30 days and 26 took more than 60. Where a home lands is mostly about pricing.
Is Perdido Key a buyer's or seller's market right now?
About 6.0 months of supply. Under four months generally favours sellers; over six favours buyers.
What do homes actually cost in Perdido Key?
The median sale was $345,000 in August, at about $232 per square foot. Of the 61 sales, 15 were under $250,000, 16 between $250,000 and $350,000, 12 between $350,000 and $500,000, and 18 above $500,000.
Data: Pensacola MLS, closings in August 2026, zip codes 32507. 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)
