Panacea, FL Housing Market
The Panacea housing market is not very competitive. The median sale price of a home in Panacea was $950K last month, up 369.1% since last year. The median sale price per square foot in Panacea is $84, down 46.2% since last year.
Panacea Housing Market Trends
In December 2024, Panacea home prices were up 369.1% compared to last year, selling for a median price of $950K.
since last year
since last year

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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 6 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 95 days.
- Hot homescan sell for around list price and go pending in around 55 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, 0.07% 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 Atlanta.
- 59% of Panacea homebuyers searched to stay within the Panacea metropolitan area.
- Destin was the most popular destination among Panacea homebuyers followed by Panama City and Pensacola.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Dec '24 - Feb '25 | ||
1 | 149 | ||
2 | 59 | ||
3 | 30 | ||
4 | 25 | ||
5 | 21 | ||
6 | 21 | ||
7 | 20 | ||
8 | 18 | ||
9 | 10 | ||
10 | 9 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Dec '24 - Feb '25 | ||
1 | 34 | ||
2 | 15 | ||
3 | 11 | ||
4 | 10 | ||
5 | 10 | ||
6 | 9 | ||
7 | 9 | ||
8 | 5 | ||
9 | 4 | ||
10 | 4 |
View houses in Panacea that sold recently
Recently sold homes
- $140,000 Last Sold Price2 beds2 baths1,012 sq ft2 Geneva Ave, Panacea, FL 32346List Price$144,900Sale to List3% under listDays on Market106 days2 Geneva Ave, Panacea, FL 32346
- $550,000 Last Sold Price3 beds2 baths2,368 sq ft167 Mashes Sands Rd, Panacea, FL 32346List Price$699,900Sale to List21% under listDays on Market103 days167 Mashes Sands Rd, Panacea, FL 32346
- $120,000 Last Sold Price3 beds3 baths1,000 sq ft248 Otter Lake Rd, Panacea, FL 32346List Price$120,000Sale to List0% over listDays on Market0 days248 Otter Lake Rd, Panacea, FL 32346
- $360,000 Last Sold Price—beds—baths—sq ft1638 Alligator Dr, Alligator Point, FL 32346List Price$450,000Sale to List20% under listDays on Market77 days1638 Alligator Dr, Alligator Point, FL 32346
- $19,000 Last Sold Price—beds—baths—sq ft128 Chipola St, Panacea, FL 32346List Price$29,500Sale to List36% under listDays on Market109 days128 Chipola St, Panacea, FL 32346
- $610,000 Last Sold Price2 beds2 baths1,440 sq ft69 Sunrise Ln, Panacea, FL 32346List Price$624,900Sale to List2% under listDays on Market80 days69 Sunrise Ln, Panacea, FL 32346
- $515,000 Last Sold Price3 beds2 baths1,344 sq ft1462 Alligator Dr, Panacea, FL 32346List Price$525,000Sale to List2% under listDays on Market104 days1462 Alligator Dr, Panacea, FL 32346
- $105,0003 beds2 baths1,248 sq ft73 Wakulla Cir, Panacea, FL 32346List Price—Sale to List—Days on Market—73 Wakulla Cir, 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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