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

$475,371

AVERAGE PRICE OF 1,887 HOMES

$2,286,927

AVERAGE PRICE OF 129 MULTI-MILLION DOLLAR HOMES

$421,137

AVERAGE PRICE OF 329 NEWLY BUILT HOMES

$606,179

AVERAGE PRICE OF 348 HOMES WITH A POOL

$416,992

AVERAGE PRICE OF 72 REDUCED PRICE HOMES

$178,428

AVERAGE PRICE OF 7 DISTRESSED HOMES

Average Home

Average Price $475,371
Avg Bedrooms 2.87 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $284,617
2 bedrooms $407,077
3 bedrooms $369,368
4 bedrooms $608,661
5 bedrooms $709,970
Panama City Home Price Trends
  2/2025 1/2025 12/2024 11/2024 10/2024
Total Listings 1,751 1,611 1,671 1,690 1,696
Average Price $460,440 $461,997 $465,182 $467,108 $470,572
Avg Price Change -0.34% -0.69% -0.41% -0.74% +0.39%
Median Price $328,695 $328,869 $328,988 $327,018 $326,506
Med Price Change -0.05% -0.04% +0.60% +0.16% +2.08%
Avg Bedrooms 2.9 beds 2.96 beds 2.98 beds 2.95 beds 2.96 beds
Avg Bathrooms 2.32 baths 2.38 baths 2.41 baths 2.37 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Rutherford 631 $453,319 139 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,887 $475,371 146 days
Multi-Million Dollar Homes 129 $2,286,927 195 days
Newly Built Homes 329 $421,137 177 days
Homes with a Pool 348 $606,179 156 days
Reduced Price Homes 72 $416,992 119 days
Distressed Homes 7 $178,428 120 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 March 19, 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

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 March 19, 2025
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