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

Median List Price

$339,160

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$19,040(+5.9%)

Key Takeaway

The list price of homes in Panama City Beach has increased by 5.9% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $249K$249.4K0.2%
2 $295K$369.4K+25.2%
3 $384.4K$402.5K+4.7%
4 $439.5K$499K+13.5%
5+ $1.4M$2.4M+69.0%

Median List Price Compared To Nearby Cities

Panama City Beaches
+12.4%
Southport
+6.9%
Panama City Beach
+5.9%

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

Number of Homes For Sale

Apr 2021May 2021%
206183-11.2%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 5946-22.0%
2 5451-5.6%
3 7468-8.1%
4 97-22.2%
5+ 1011+10.0%

Asking Price vs. Sold Price

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Average Listing Age

May 2020May 2021%
237 Days152 Days-35.8%

Breakdown of Home Sale Times

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About Panama City Beach, FL

Panama City Beach, FL has 183 homes for sale to choose from.

In May 2021 median list price was $339,160 and the average listing age was 152 days.

Between April 2021 and May 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0.2% more expensive, 2 bedrooms properties prices increased by 25.2%, prices of 3 bedrooms properties went up by 4.7%, 4 bedrooms properties became 13.5% more expensive, prices of 5 bedrooms properties went up by 69%.

The number of homes for sale in Panama City Beach, FL decreased by 11.2% between April 2021 and May 2021.

The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 22% less available, 2 bedrooms homes inventory decreased by 5.6%, volume of 3 bedrooms homes went dowm by 8.1%, number of 4 bedrooms homes decreased by 22.2%, volume of 5 bedrooms homes went up by 10%.

Over 14 listings were sold over their listed price in May 2021 in Panama City Beach, FL. In the same period over 17 listings were sold below the listed price and 24 listings were sold for the listed price.

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