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. The median sale price per square foot in Panacea is $87, down 53.0% 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.
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 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 76 days.
- Hot homescan sell for around list price and go pending in around 51 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
- $1,549,000 Last Sold Price4 beds4.5 baths2,769 sq ft390 Bald Point Rd, Alligator Point, FL 32346List Price$1,595,000Sale to List3% under listDays on Market51 days390 Bald Point Rd, Alligator Point, FL 32346
- $425,000 Last Sold Price2 beds2 baths1,117 sq ft2475 Surf Rd, Ochlockonee Bay, FL 32346List Price$455,000Sale to List7% under listDays on Market71 days2475 Surf Rd, Ochlockonee Bay, FL 32346
- $78,000 Last Sold Price—beds—baths—sq ft794 Alliagtor Dr, Alligator Point, FL 32346List Price$79,000Sale to List1% under listDays on Market60 days794 Alliagtor Dr, Alligator Point, FL 32346
- $735,000 Last Sold Price2 beds2 baths1,612 sq ft1437 Alligator Dr, Alligator Point, FL 32346List Price$835,000Sale to List12% under listDays on Market107 days1437 Alligator Dr, Alligator Point, FL 32346
- $810,000 Last Sold Price3 beds2 baths2,607 sq ft1455 Alligator Dr, Alligator Point, FLList Price$895,000Sale to List9% under listDays on Market83 days1455 Alligator Dr, Alligator Point, FL
- $320,000 Last Sold Price5 beds3 baths1,680 sq ft55 Lakeview Dr, Alligator Point, FLList Price$365,000Sale to List12% under listDays on Market70 days55 Lakeview Dr, Alligator Point, FL
- $10,000 Last Sold Price—beds—baths—sq ftBud Crum Rd, Panacea, FL 32346List Price$10,900Sale to List8% under listDays on Market309 daysBud Crum Rd, Panacea, FL 32346
- $745,000 Last Sold Price4 beds4.5 baths2,464 sq ft3 Schooner Ct, Panacea, FL 32346List Price$774,900Sale to List4% under listDays on Market125 days3 Schooner Ct, 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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