The Panama City housing market is somewhat competitive. The median sale price of a home in Panama City was $283K last month, up 1.4% since last year. The median sale price per square foot in Panama City is $181, up 3.4% since last year.
What is the housing market like in Panama City today?
In October 2024, Panama City home prices were up 1.4% compared to last year, selling for a median price of $283K. On average, homes in Panama City sell after 68 days on the market compared to 71 days last year. There were 59 homes sold in October this year, down from 61 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$282,875
+1.4% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Panama City, FL
$282,875
+1.4%
United States
To compare other locations to the Panama City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Panama City add value to a home.
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How hot is the Panama City housing market?
Panama City is somewhat competitive. Homes sell in 61 days.
0
100
39
Somewhat Competitive
Redfin Compete Score™
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 homes
can sell for around list price and go pending in around 29 days.
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
Only showing 5 of
19 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
Panama City has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information