The Panama City Beach housing market is not very competitive. The median sale price of a home in Panama City Beach was $415K last month, down 14.4% since last year. The median sale price per square foot in Panama City Beach is $348, down 17.7% since last year.
What is the housing market like in Panama City Beach today?
In March 2024, Panama City Beach home prices were down 14.4% compared to last year, selling for a median price of $415K. On average, homes in Panama City Beach sell after 89 days on the market compared to 53 days last year. There were 91 homes sold in March this year, down from 179 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$415,000
-14.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Panama City Beach, FL
$415,000
-14.4%
United States
To compare other locations to the Panama City Beach and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Panama City Beach add value to a home.
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How hot is the Panama City Beach housing market?
Panama City Beach is not very competitive. Homes sell in 89 days.
0
100
20
Not Very 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
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 89 days.
Hot homes
can sell for about 1% below list price and go pending in around 36 days.
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 Beach housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Panama City Beach.
Risk Factor
Flood Factor - Major
55% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Panama City Beach has a major risk of flooding. 4,559 properties in Panama City Beach are likely to be
severely affected
by flooding over the next 30 years. This represents 55% of all properties in Panama City Beach. Flood risk is increasing faster than the national average.
84% of properties are at risk of wildfire over the next 30 years
Fire Factor
Panama City Beach has a moderate risk of wildfire. There are 17,013 properties in Panama City Beach that have some risk of being affected by wildfire over the next 30 years. This represents 84% of all properties in Panama City Beach.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Panama City Beach has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Panama City Beach is most at risk from hurricanes. 20,101 properties in Panama City Beach have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 180 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 192 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Panama City Beach has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Panama City Beach have an Extreme Heat Factor®.
Panama City Beach is expected to see a 214% increase in the number of days over 105ºF over the next 30 years. Panama City Beach is expected to experience 7