Is Panama City Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Panama City Beach is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, Panama City Beach has remained a Seller's Market.

Key Takeaway

Panama City Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Panama City Beach, FL cost?

Median Sold Price

$349,981

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$38,381(+12.3%)

Key Takeaway

Homes in Panama City Beach have sold for 12.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $234K$279.9K
+19.6%
2 $278.5K$351.2K
+26.1%
3 $340K$413.2K
+21.5%
4 $390K$475K
+21.8%
5+ $1.1M$692.4K
-40.6%

Median Sold Price Compared To Nearby Cities

Panama City Beaches
+15.8%
Southport
+15.3%
Panama City Beach
+12.3%

How many homes are available in Panama City Beach, FL?

Number of Homes For Sale

Oct 2021Nov 2021%
792798+0.8%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 175181
+3.4%
2 282293
+3.9%
3 229218
-4.8%
4 6667
+1.5%
5+ 4039
-2.5%

Number of Homes Sold

Oct 2021Nov 2021%
157185+17.8%

Asking Price vs. Sold Price

117 Homes Were Sold
Under Asking

39 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Panama City Beach, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
72 Days45 Days-36.9%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Panama City Beach are selling fast, if you're buying plan to act quickly.

About Panama City Beach, FL

There are 798 homes are for sale in Panama City Beach, FL real estate market. Between October 2021 and November 2021, Panama City Beach, FL real estate market has seen increase in the number of listings by 0.8%. The median list price of listings available in November 2021 was $349,981, while the average time on the real estate market was 45 days. This housing market listing prices have changed between October 2021 and November 2021: prices of 1 bedroom properties went up by 19.6%, the cost of 2 bedrooms properties went up by 26.1%, prices of 3 bedrooms properties increased by 21.5%, prices of 4 bedrooms properties increased by 21.8%, 5 bedrooms properties became 40.6% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 3.4%, volume of 2 bedrooms homes went up by 3.9%, number of 3 bedrooms homes decreased by 4.8%, volume of 4 bedrooms homes went up by 1.5%, 5 bedrooms homes inventory decreased by 2.5%. Over 29 listings were sold over their listed price in November 2021 in Panama City Beach, FL. In the same period over 117 listings were sold below the listed price and 39 listings were sold for the listed price.

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