Panacea, FL Housing Market
The Panacea housing market is not very competitive. The median sale price of a home in Panacea was $155K last month, down 45.6% since last year.
Panacea Housing Market Trends
In May 2025, Panacea home prices were down 45.6% compared to last year, selling for a median price of $155K.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Panacea 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 12 months
- Multiple offers are rare.
- The average homes sell for about 6% below list price and go pending in around 101 days.
- Hot homescan sell for around list price and go pending in around 34 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 2% below list price and go pending in around 73 days.
- Hot homescan sell for around list price and go pending in around 49 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 12 months
- Multiple offers are rare.
- The average homes sell for about 5% below list price and go pending in around 102 days.
- Hot homescan sell for around list price and go pending in around 47 days.
Panacea Migration & Relocation Trends
- Across the nation, 0.08% of homebuyers searched to move into Panacea from outside metros.
- Miami homebuyers searched to move into Panacea more than any other metro followed by Tampa and Washington.
- 60% of Panacea homebuyers searched to stay within the Panacea metropolitan area.
- Destin was the most popular destination among Panacea homebuyers followed by Mobile and Pensacola.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '25 - Apr '25 | ||
1 | 169 | ||
2 | 74 | ||
3 | 40 | ||
4 | 39 | ||
5 | 35 | ||
6 | 32 | ||
7 | 29 | ||
8 | 18 | ||
9 | 17 | ||
10 | 14 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '25 - Apr '25 | ||
1 | 40 | ||
2 | 14 | ||
3 | 11 | ||
4 | 10 | ||
5 | 7 | ||
6 | 7 | ||
7 | 6 | ||
8 | 5 | ||
9 | 5 | ||
10 | 4 |
View houses in Panacea that sold recently
Recently sold homes
- $675,000 Last Sold Price3 beds3.5 baths1,780 sq ft1646 Alligator Dr #315, Alligator Point, FL 32346List Price$695,000Sale to List3% under listDays on Market83 days1646 Alligator Dr #315, Alligator Point, FL 32346
- $635,000 Last Sold Price3 beds3 baths1,780 sq ft1646 Alligator Dr #317, Alligator Point, FL 32346List Price$635,000Sale to List0% over listDays on Market29 days1646 Alligator Dr #317, Alligator Point, FL 32346
- $170,000 Last Sold Price2 beds2 baths1,768 sq ft1414 Coastal Hwy, Panacea, FL 32346List Price$242,500Sale to List30% under listDays on Market101 days1414 Coastal Hwy, Panacea, FL 32346
- $500,000 Last Sold Price—beds—baths—sq ft2620 Surf Rd, Panacea, FL 32346List Price$525,000Sale to List5% under listDays on Market37 days2620 Surf Rd, Panacea, FL 32346
- $175,000 Last Sold Price—beds—baths—sq ftLot 8 Levy Bay Rd, Panacea, FLList Price$175,000Sale to List0% over listDays on Market52 daysLot 8 Levy Bay Rd, Panacea, FL
- $299,900 Last Sold Price3 beds2 baths1,560 sq ft26 Riverview Rd, Panacea, FL 32346List Price$299,900Sale to List0% over listDays on Market37 days26 Riverview Rd, Panacea, FL 32346
- $390,000 Last Sold Price2 beds1 bath801 sq ft7 Trout St, Bald Point, FL 32346List Price$419,000Sale to List7% under listDays on Market39 days7 Trout St, Bald Point, FL 32346
- $194,000 Last Sold Price—beds—baths—sq ftLot 13 Cutty Sark Court With Boat Slip 6, Panacea, FL 32346List Price$209,995Sale to List8% under listDays on Market66 daysLot 13 Cutty Sark Court With Boat Slip 6, Panacea, FL 32346
See all recently sold homes in Panacea.
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Schools in Panacea
- Elementary
- Middle
- High
GreatSchools Rating
No elementary schools in this region.
Climate's impact on Panacea housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Panacea.
Flood Factor - Extreme
Flood Factor

Fire Factor - Major
Fire Factor

Wind Factor - Extreme
Wind Factor

Wind likelihood over time
Heat Factor - Extreme
Heat Factor

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