Panama City, FL Housing Market
The Panama City housing market is somewhat competitive. The median sale price of a home in Panama City was $286K last month, up 4.8% since last year. The median sale price per square foot in Panama City is $186, down 3.6% since last year.
Panama City Housing Market Trends
In August 2024, Panama City home prices were up 4.8% compared to last year, selling for a median price of $286K. On average, homes in Panama City sell after 53 days on the market compared to 54 days last year. There were 67 homes sold in August this year, down from 73 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
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 3% below list price and go pending in around 48 days.
- Hot homescan sell for around list price and go pending in around 27 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 4% below list price and go pending in around 105 days.
- Hot homescan sell for around list price and go pending in around 41 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 64 days.
- Hot homescan sell for around list price and go pending in around 30 days.
Panama City Migration & Relocation Trends
View houses in Panama City that sold recently
Recently sold homes
- $19,000 Last Sold Price—beds—baths—sq ft743 Redwood Ave, Panama City, FL 32401List Price$27,000Sale to List30% under listDays on Market58 days743 Redwood Ave, Panama City, FL 32401
- $400,000 Last Sold Price4 beds2.5 baths2,358 sq ft8324 High Point Rd, Panama City, FL 32404List Price$400,000Sale to List0% over listDays on Market110 days8324 High Point Rd, Panama City, FL 32404
- $180,000 Last Sold Price3 beds2 baths1,040 sq ft1711 Wilmont Ave Unit 1/2, Panama City, FL 32405List Price$180,000Sale to List0% over listDays on Market0 days1711 Wilmont Ave Unit 1/2, Panama City, FL 32405
- $20,000 Last Sold Price—beds—baths—sq ft0 Joseph Rd, Panama City, FL 32404List Price$23,000Sale to List13% under listDays on Market342 days0 Joseph Rd, Panama City, FL 32404
- $367,000 Last Sold Price5 beds3 baths2,556 sq ft7265 Ellie B Dr, Panama City, FL 32404List Price$369,000Sale to List1% under listDays on Market181 days7265 Ellie B Dr, Panama City, FL 32404
- $303,000 Last Sold Price3 beds2 baths1,548 sq ft4936 Mccall Ln, Panama City, FL 32404List Price$300,000Sale to List1% over listDays on Market36 days4936 Mccall Ln, Panama City, FL 32404
- $184,000 Last Sold Price3 beds2 baths1,456 sq ft2716 E 12th St, Panama City, FL 32401List Price$184,500Sale to List0% under listDays on Market161 days2716 E 12th St, Panama City, FL 32401
- $255,000 Last Sold Price3 beds2 baths1,137 sq ft2303 E 10th St, Panama City, FL 32401List Price$255,000Sale to List0% over listDays on Market0 days2303 E 10th St, 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 Bay Virtual Instruction Program (district Provided) Public • K-12 | 455 Students | N/A |
4/10 Lynn Haven Elementary School Public • PreK-5 | 541 Students | 5 reviews |
4/10 Tommy Smith Elementary School Public • PreK-5 | 519 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.
Flood Factor
Fire Factor
Wind Factor
Heat Factor
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