Panama City, FL Housing Market
The Panama City housing market is somewhat competitive. The median sale price of a home in Panama City was $269K last month, down 2.0% since last year. The median sale price per square foot in Panama City is $205, up 5.7% since last year.
Panama City Housing Market Trends
In March 2024, Panama City home prices were down 2.0% compared to last year, selling for a median price of $269K. On average, homes in Panama City sell after 72 days on the market compared to 45 days last year. There were 44 homes sold in March this year, down from 77 last year.
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How hot is the Panama City housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 71 days.
- Hot homescan sell for around list price and go pending in around 30 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 61 days.
- Hot homescan sell for around list price and go pending in around 32 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Multiple offers are rare.
- The average homes sell for about 3% below list price and go pending in around 96 days.
- Hot homescan sell for around list price and go pending in around 54 days.
Panama City Migration & Relocation Trends
Home offer insights for Panama City
Recent offers
View houses in Panama City that sold recently
Recently sold homes
- $309,000 Last Sold Price3 beds2 baths2,360 sq ft2814 Gordon St, Panama City, FL 32405List Price$319,000Sale to List3% under listDays on Market96 days2814 Gordon St, Panama City, FL 32405
- $90,000 Last Sold Price—beds—baths—sq ft112 Lake Merial Shores Dr, Southport, FL 32409List Price$99,999Sale to List10% under listDays on Market249 days112 Lake Merial Shores Dr, Southport, FL 32409
- $285,000 Last Sold Price4 beds2 baths2,280 sq ft731 Heavener Ln, Panama City, FL 32409List Price$280,000Sale to List2% over listDays on Market70 days731 Heavener Ln, Panama City, FL 32409
- $59,900 Last Sold Price—beds—baths—sq ft440 Skunk Valley Rd, Southport, FL 32409List Price$59,900Sale to List0% over listDays on Market64 days440 Skunk Valley Rd, Southport, FL 32409
- $345,000 Last Sold Price3 beds2 baths1,863 sq ft1714 Oakcrest Dr, Southport, FL 32409List Price$345,000Sale to List0% over listDays on Market35 days1714 Oakcrest Dr, Southport, FL 32409
- $289,000 Last Sold Price3 beds2 baths1,465 sq ft2932 Hall Ave, Panama City, FL 32405List Price$289,000Sale to List0% over listDays on Market49 days2932 Hall Ave, Panama City, FL 32405
- $445,000 Last Sold Price5 beds2.5 baths2,627 sq ft3800 Basal St, Panama City, FL 32404List Price$445,000Sale to List0% over listDays on Market259 days3800 Basal St, Panama City, FL 32404
- $210,000 Last Sold Price3 beds3 baths1,359 sq ft914 Mulberry Ave, Panama City, FL 32401List Price$199,900Sale to List5% over listDays on Market181 days914 Mulberry Ave, Panama City, FL 32401
See all recently sold homes in Panama City.
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Schools in Panama City
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Bay Virtual Franchise Public • K-12 | 403 Students | N/A |
5/10 Tommy Smith Elementary School Public • PreK-5 | 519 Students | 5 reviews |
5/10 Northside Elementary School Public • PreK-5 | 561 Students | 6 reviews |
4/10 Lynn Haven Elementary School Public • PreK-5 | 541 Students | 5 reviews |
4/10 Deer Point Elementary School Public • PreK-5 | 562 Students | 6 reviews |
Climate's impact on Panama City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Panama City.
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Transportation in Panama City
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