Panama City Market Report
$558,889
AVERAGE PRICE OF 121 HOMES$1,954,750
AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES$488,908
AVERAGE PRICE OF 25 NEWLY BUILT HOMES$743,557
AVERAGE PRICE OF 43 HOMES WITH A POOL$332,337
AVERAGE PRICE OF 5 REDUCED PRICE HOMESAverage Home
| Average Price | $558,889 |
| Avg Bedrooms | 3.49 beds |
| Avg Bathrooms | 3.02 baths |
Average Price by Bedrooms
| 1 bedroom | $257,500 |
| 2 bedrooms | $470,762 |
| 3 bedrooms | $388,897 |
| 4 bedrooms | $826,514 |
| 5 bedrooms | $663,541 |
Panama City Home Price Trends
| 3/2025 | 2/2025 | 1/2025 | 12/2024 | 11/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,875 | 1,751 | 1,611 | 1,671 | 1,690 |
| Average Price | $472,113 | $460,440 | $461,997 | $465,182 | $467,108 |
| Avg Price Change | +2.54% | -0.34% | -0.69% | -0.41% | -0.74% |
| Median Price | $330,796 | $328,695 | $328,869 | $328,988 | $327,018 |
| Med Price Change | +0.64% | -0.05% | -0.04% | +0.60% | +0.16% |
| Avg Bedrooms | 2.87 beds | 2.9 beds | 2.96 beds | 2.98 beds | 2.95 beds |
| Avg Bathrooms | 2.29 baths | 2.32 baths | 2.38 baths | 2.41 baths | 2.37 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Bay | 47 | $485,279 | 182 days |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 121 | $558,889 | 143 days |
| Multi-Million Dollar Homes | 12 | $1,954,750 | 129 days |
| Newly Built Homes | 25 | $488,908 | 225 days |
| Homes with a Pool | 43 | $743,557 | 213 days |
| Reduced Price Homes | 5 | $332,337 | 124 days |
