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

$472,657

AVERAGE PRICE OF 1,619 HOMES

$2,289,356

AVERAGE PRICE OF 113 MULTI-MILLION DOLLAR HOMES

$356,918

AVERAGE PRICE OF 304 NEWLY BUILT HOMES

$580,387

AVERAGE PRICE OF 266 HOMES WITH A POOL

$400,048

AVERAGE PRICE OF 68 REDUCED PRICE HOMES

$206,400

AVERAGE PRICE OF 5 DISTRESSED HOMES

Average Home

Average Price $472,657
Avg Bedrooms 2.84 beds
Avg Bathrooms 2.22 baths

Average Price by Bedrooms

1 bedroom $323,602
2 bedrooms $352,268
3 bedrooms $367,477
4 bedrooms $554,694
5 bedrooms $820,491
Panama City Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 1,635 1,579 1,409 1,315 1,269
Average Price $468,283 $462,244 $453,456 $440,503 $441,754
Avg Price Change +1.31% +1.94% +2.94% -0.28% -1.06%
Median Price $311,702 $305,497 $301,556 $298,372 $300,350
Med Price Change +2.03% +1.31% +1.07% -0.66% +0.95%
Avg Bedrooms 2.85 beds 2.86 beds 2.77 beds 2.65 beds 2.67 beds
Avg Bathrooms 2.24 baths 2.2 baths 2.14 baths 2.03 baths 2.03 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bay 40 $539,140 146 days
Rutherford 516 $353,938 165 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,619 $472,657 123 days
Multi-Million Dollar Homes 113 $2,289,356 144 days
Newly Built Homes 304 $356,918 137 days
Homes with a Pool 266 $580,387 122 days
Reduced Price Homes 68 $400,048 76 days
Distressed Homes 5 $206,400 142 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

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 July 12, 2024

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

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 July 12, 2024
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