Panama City

Why you'd want to live in Panama City

More than ever, Panama City is booming with growth! Panama City is a four-season paradise for water and nature lovers, and is where many of the "beach locals" also tend to live, work, and play. Some things you'll enjoy in Panama City, FL are waterfront dining, the best local seafood, many dining options as well as live music, new shopping centers, quaint home-town restaraunts, and lots of outdoor activities. Fishing, kayaking, paddleboarding, sailing and kiteboarding are popular activities on the crystal clear waters of St. Andrews Bay, with world-class beaches just minutes away.

Panama City Market Report

$501,007

AVERAGE PRICE OF 1,951 HOMES

$321,733

AVERAGE PRICE OF 15 DISTRESSED HOMES

$2,623,968

AVERAGE PRICE OF 130 MULTI-MILLION DOLLAR HOMES

$466,902

AVERAGE PRICE OF 385 NEWLY BUILT HOMES

$627,105

AVERAGE PRICE OF 385 HOMES WITH A POOL

$392,918

AVERAGE PRICE OF 92 REDUCED PRICE HOMES

Average Home

Average Price $501,007
Avg Bedrooms 2.38 beds
Avg Bathrooms 1.89 baths

Average Price by Bedrooms

1 bedroom $370,560
2 bedrooms $258,302
3 bedrooms $401,262
4 bedrooms $648,062
5 bedrooms $724,437
Panama City Home Price Trends
  10/2025 9/2025 8/2025 7/2025 6/2025
Total Listings 1,917 1,996 1,974 2,015 2,097
Average Price $506,535 $511,108 $513,855 $516,652 $514,242
Avg Price Change -0.90% -0.54% -0.54% +0.47% +2.15%
Median Price $337,617 $344,944 $348,367 $349,454 $348,637
Med Price Change -2.17% -0.99% -0.31% +0.23% +1.58%
Avg Bedrooms 2.4 beds 2.34 beds 2.42 beds 2.46 beds 2.44 beds
Avg Bathrooms 1.91 baths 1.89 baths 1.97 baths 1.97 baths 1.95 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bay 61 $515,389 99 days
Rutherford 538 $349,201 52 days
Total Homes Average Price Avg Days on Site
All Homes 1,951 $501,007 80 days
Distressed Homes 15 $321,733 113 days
Multi-Million Dollar Homes 130 $2,623,968 100 days
Newly Built Homes 385 $466,902 67 days
Homes with a Pool 385 $627,105 71 days
Reduced Price Homes 92 $392,918 72 days
Making Waves In Real Estate
Taylor Sauls | 850-630-8377
Trish Wheeler | 850-527-2275
22200 Panama City Bch Pkwy, Suite E
Panama City Beach, FL 32413

Fair Housing/Equal Opportunity
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The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated November 14, 2025

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Vendor Member Number: 28179

Provided Courtesy Of Realtor Association of Franklin and Gulf Counties. Information Is Believed To Be Accurate But Not Guaranteed. Information is provided exclusively for consumers' personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Realtor Association of Franklin and Gulf Counties. All Rights Reserved.
The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated November 14, 2025
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