What is the housing market like in Panama City Downtown today?
In March 2024, Panama City Downtown home prices were up 1090.0% compared to last year, selling for a median price of $1.2M.
$1.19M
Sale Price
$311
Sale $/Sq. Ft.
Under List Price
7.7%
Days on Market
30
Down Payment
—
Total Homes Sold
1
To compare other locations to the Panama City Downtown and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Panama City add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Home offer insights for Panama City Downtown
Explore recent offers and recently sold homes in Panama City Downtown
Recent offers
View houses in Panama City Downtown that sold recently
Learn about schools in the Panama City Downtown area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Downtown housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Panama City Downtown.
Risk Factor
Flood Factor - Major
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Panama City Downtown has a major risk of flooding. 313 properties in Panama City Downtown are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Panama City Downtown. Flood risk is increasing slower than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
Panama City Downtown has a moderate risk of wildfire. There are 247 properties in Panama City Downtown that have some risk of being affected by wildfire over the next 30 years. This represents 10% of all properties in Panama City Downtown.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Panama City Downtown has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Panama City Downtown is most at risk from hurricanes. 2,268 properties in Panama City Downtown 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 160 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 169 mph.
99% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Panama City Downtown has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Panama City Downtown have an Extreme Heat Factor®.
Panama City Downtown is expected to see a 228% increase in the number of days over 105ºF over the next 30 years. Panama City Downtown is expected to experience 9