Lower Grand Lagoon, FL Housing Market
The Lower Grand Lagoon housing market is not very competitive. The median sale price of a home in Lower Grand Lagoon was $430K last month, down 11.5% since last year. The median sale price per square foot in Lower Grand Lagoon is $390, up 2.1% since last year.
Lower Grand Lagoon Housing Market Trends
In October 2025, Lower Grand Lagoon home prices were down 11.5% compared to last year, selling for a median price of $430K. On average, homes in Lower Grand Lagoon sell after 152 days on the market compared to 104 days last year. There were 25 homes sold in October this year, down from 26 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.

How hot is the Lower Grand Lagoon 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
- Multiple offers are rare.
- The average homes sell for about 6% below list price and go pending in around 124 days.
- Hot homescan sell for about 2% below list price and go pending in around 54 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 5% below list price and go pending in around 110 days.
- Hot homescan sell for about 1% below list price and go pending in around 42 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 66 days.
- Hot homescan sell for around list price and go pending in around 36 days.
Lower Grand Lagoon Migration & Relocation Trends
View houses in Lower Grand Lagoon that sold recently
Recently sold homes
- $550,000 Last Sold Price2 beds2 baths1,370 sq ft5004 Thomas Dr #1011, Panama City, FL 32408List Price$585,000Sale to List6% under listDays on Market25 days5004 Thomas Dr #1011, Panama City, FL 32408
- $800,000 Last Sold Price3 beds2 baths1,636 sq ft6627 Thomas Dr #706, Panama City, FL 32408List Price$845,000Sale to List5% under listDays on Market65 days6627 Thomas Dr #706, Panama City, FL 32408
- $175,000 Last Sold Price1 bed1 bath623 sq ft8730 Thomas Dr Unit 1304A, Panama City Beach, FL 32408List Price$185,000Sale to List5% under listDays on Market83 days8730 Thomas Dr Unit 1304A, Panama City Beach, FL 32408
- $327,000 Last Sold Price3 beds1 bath1,125 sq ft7006 Beach Dr, Panama City, FL 32408List Price$499,000Sale to List34% under listDays on Market49 days7006 Beach Dr, Panama City, FL 32408
- $350,000 Last Sold Price2 beds1 bath1,125 sq ft3924 Vega St, Panama City, FL 32408List Price$350,000Sale to List0% over listDays on Market196 days3924 Vega St, Panama City, FL 32408
- $205,000 Last Sold Price1 bed1 bath769 sq ft8730 Thomas Dr Unit 1308-B, Panama City Beach, FL 32408List Price$229,000Sale to List10% under listDays on Market67 days8730 Thomas Dr Unit 1308-B, Panama City Beach, FL 32408
- $205,000 Last Sold Price1 bed1 bath769 sq ft8730 Thomas Dr #1308, Panama City, FL 32408List Price$229,000Sale to List10% under listDays on Market57 days8730 Thomas Dr #1308, Panama City, FL 32408
- $475,000 Last Sold Price2 beds2 baths1,086 sq ft4425 Thomas Dr #805, Panama City, FL 32408List Price$499,500Sale to List5% under listDays on Market74 days4425 Thomas Dr #805, Panama City, FL 32408
See all recently sold homes in Lower Grand Lagoon.
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Schools in Lower Grand Lagoon
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Patronis Elementary School Public • K-5 | 648 Students | 9 reviews |
Climate's impact on Lower Grand Lagoon housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lower Grand Lagoon.
Flood Factor - Major
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Extreme
Wind Factor

Wind likelihood over time
Heat Factor - Extreme
Heat Factor

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