Lakewood Cottages vs New City Tract
Two Escambia communities, compared on the numbers that decide it — price, pace, and supply — from live MLS data as of 2026-09-19.
| Metric | Lakewood Cottages | New City Tract |
|---|---|---|
| Median sale price | $214K | $702K |
| Price per sq ft | n/a | $321 |
| Avg days on market | n/a | 89 days |
| Months of supply | 0 mo | 5.2 mo |
| Market | Buyer-Leaning Market (limited data) | Buyer-Leaning Market |
| 1-year price change | False | +9% |
| Recent closings | 0 | 106 |
The verdict
New City Tract carries the higher median price — about 229% above Lakewood Cottages.
Where each one is
| Lakewood Cottages | New City Tract | |
|---|---|---|
| County | Escambia - Fl County, FL | Escambia - Fl County, FL |
| City / area | Pensacola | Pensacola |
| FEMA flood zones (sampled parcels) | not enough parcels sampled | all 58 sampled homes outside a flood zone |
Distances are straight-line; driving distance is usually 15 to 30 percent more. Flood-zone shares come from FEMA flood maps matched to sampled parcels; always check the exact address before you close.
What is for sale today
| Lakewood Cottages | New City Tract | |
|---|---|---|
| Homes for sale now | 0 | 46 |
| Under contract | 0 | 10 |
| Listed in the last 7 days | 0 | 7 |
| Property types listed | - | Single Family Residence |
Live MLS counts, refreshed with every listing pull. Browse them: Lakewood Cottages homes for sale · New City Tract homes for sale.
Price history, year by year
| Year | Lakewood Cottages median | New City Tract median |
|---|---|---|
| 2012 | $37K (15 sales) | $154K (57 sales) |
| 2013 | $50K (13 sales) | $168K (99 sales) |
| 2014 | $38K (6 sales) | $165K (99 sales) |
| 2015 | $72K (11 sales) | $157K (133 sales) |
| 2016 | $50K (10 sales) | $195K (119 sales) |
| 2017 | $68K (13 sales) | $235K (123 sales) |
| 2018 | $68K (14 sales) | $257K (134 sales) |
| 2019 | $83K (14 sales) | $270K (119 sales) |
| 2020 | $108K (8 sales) | $322K (154 sales) |
| 2021 | $156K (11 sales) | $377K (174 sales) |
| 2022 | $195K (14 sales) | $405K (156 sales) |
| 2023 | $185K (15 sales) | $508K (110 sales) |
| 2024 | $205K (11 sales) | $460K (119 sales) |
| 2025 | $172K (17 sales) | $518K (104 sales) |
| 2026 | $214K (6 sales) | $544K (105 sales) |
Since 2012, Lakewood Cottages's median sale price is +484% and New City Tract's is +253% — Lakewood Cottages has appreciated faster over that stretch.
How each one trades
| Lakewood Cottages | New City Tract | |
|---|---|---|
| Sale-to-original-list | 94.0% | 95.2% |
| New-construction share of sales | 0% | 13% |
| Typical sold home | 1,404 sq ft | 1,848 sq ft |
| Momentum market-heat score | 55 (normal) | 33 (cold) |
Last 12 months of recorded closings; sale-to-original-list is the share of the first asking price sellers actually got.
Schools the listings are zoned for
| Lakewood Cottages | New City Tract | |
|---|---|---|
| Elementary | Warrington Elementary | Oj Semmes |
| Middle | Warrington | Workman |
| High school | Pensacola | Pensacola |
The school most often recorded on each community's MLS listings. Always confirm a specific address with the district.
Which one fits
On budget alone, Lakewood Cottages is the lower entry point (median $214K vs $702K).
Neither number set decides it: drive both on a weekday evening, check the HOA documents and the flood zone for the exact street, and price the insurance before you write an offer. A Momentum agent who works both communities can pull the comparable sales for any two specific homes.
Questions people ask
Is New City Tract more expensive than Lakewood Cottages?
Yes, on recent sales: the median sale price in New City Tract is $702,000 versus $213,500 in Lakewood Cottages, about 229% higher.
Which has appreciated more, Lakewood Cottages or New City Tract?
From 2012 to 2026 the median sale price rose 484% in Lakewood Cottages and 253% in New City Tract (recorded MLS closings by calendar year).
Where do sellers get closer to asking price?
New City Tract — sellers there received 95.2% of the original list price over the last 12 months versus 94.0% in Lakewood Cottages.
What high schools serve Lakewood Cottages and New City Tract?
Listings in Lakewood Cottages most often report Pensacola; listings in New City Tract report Pensacola. Zoning is set by the district and can change - verify by address.
Go deeper on each: Lakewood Cottages homes, photos & schools · New City Tract homes, photos & schools
Figures are aggregates from realMLS / DBAAR, updated regularly. Thinking about either? Talk to Momentum Realty.