Panama City, FL Housing Market
The Panama City housing market is somewhat competitive. The median sale price of a home in Panama City was $297K last month, up 2.2% since last year. The median sale price per square foot in Panama City is $202, up 4.1% since last year.
Panama City Housing Market Trends
In April 2024, Panama City home prices were up 2.2% compared to last year, selling for a median price of $297K. On average, homes in Panama City sell after 51 days on the market compared to 48 days last year. There were 42 homes sold in April this year, down from 54 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Panama City 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
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 63 days.
- Hot homescan sell for around list price and go pending in around 32 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 56 days.
- Hot homescan sell for around list price and go pending in around 28 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 3% below list price and go pending in around 100 days.
- Hot homescan sell for around list price and go pending in around 61 days.
Panama City Migration & Relocation Trends
Home offer insights for Panama City
Recent offers
View houses in Panama City that sold recently
Recently sold homes
- $369,900 Last Sold Price5 beds3 baths2,593 sq ft4008 MILLICENT LN Ln, Panama City, FL 32404List Price$369,900Sale to List0% over listDays on Market82 days4008 MILLICENT LN Ln, Panama City, FL 32404
- $266,000 Last Sold Price3 beds2 baths1,288 sq ft234 N East Ave, Panama City, FL 32401List Price$269,900Sale to List1% under listDays on Market90 days234 N East Ave, Panama City, FL 32401
- $649,000 Last Sold Price4 beds3.5 baths2,511 sq ft2112 Sedges Ave, Panama City, FL 32405List Price$649,000Sale to List0% over listDays on Market82 days2112 Sedges Ave, Panama City, FL 32405
- $27,500 Last Sold Price—beds—baths—sq ftLot 8 A Hickory Bluff Dr, Southport, FL 32409List Price$29,500Sale to List7% under listDays on Market361 daysLot 8 A Hickory Bluff Dr, Southport, FL 32409
- $241,500 Last Sold Price3 beds2 baths1,260 sq ft2202 E 6th Ct Unit B, Panama City, FL 32401List Price$239,900Sale to List1% over listDays on Market22 days2202 E 6th Ct Unit B, Panama City, FL 32401
- $225,000 Last Sold Price3 beds2 baths2,123 sq ft5526 Lakewood Cir, Panama City, FL 32404List Price$225,000Sale to List0% over listDays on Market35 days5526 Lakewood Cir, Panama City, FL 32404
- $350,000 Last Sold Price3 beds2.5 baths1,949 sq ft5011 Maggie Ln, Panama City, FL 32404List Price$350,000Sale to List0% over listDays on Market74 days5011 Maggie Ln, Panama City, FL 32404
- $320,000 Last Sold Price4 beds2 baths1,716 sq ft4040 Brook Stone Dr, Panama City, FL 32405List Price$335,000Sale to List4% under listDays on Market73 days4040 Brook Stone Dr, Panama City, FL 32405
See all recently sold homes in Panama City.
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Schools in Panama City
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Bay Virtual Franchise Public • K-12 | 403 Students | N/A |
5/10 Tommy Smith Elementary School Public • PreK-5 | 519 Students | 5 reviews |
5/10 Northside Elementary School Public • PreK-5 | 561 Students | 6 reviews |
4/10 Lynn Haven Elementary School Public • PreK-5 | 541 Students | 5 reviews |
4/10 Deer Point Elementary School Public • PreK-5 | 562 Students | 6 reviews |
Climate's impact on Panama City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Panama City.
Flood Factor
Fire Factor
Wind Factor
Heat Factor
Transportation in Panama City
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