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

Median List Price

$375,000

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$41,433(+12.4%)

Key Takeaway

The list price of homes in Panama City Beaches has increased by 12.4% 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 $234.5K$238.9K+1.9%
2 $290K$359.9K+24.1%
3 $389.9K$431.6K+10.7%
4 $459.9K$575K+25.0%
5+ $2.2M$2.3M+4.5%

Median List Price Compared To Nearby Cities

Walton Beaches
+23.2%
Panama City
+20.1%
Panama City Beaches
+12.4%
Southport
+6.9%
Panama City Beach
+5.9%

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

Number of Homes For Sale

Apr 2021May 2021%
364329-9.6%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 7054-22.9%
2 9284-8.7%
3 125116-7.2%
4 4442-4.5%
5+ 33330.0%

Asking Price vs. Sold Price

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Average Listing Age

May 2020May 2021%
223 Days139 Days-37.6%

Breakdown of Home Sale Times

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About Panama City Beaches, FL

Panama City Beaches, FL has 329 homes for sale to choose from.

Listings spent 139 days on the market in May 2021, and had a median list price of $375,000 during the same period.

Real estate listing prices changed between April 2021 and May 2021: prices of 1 bedroom properties increased by 1.9%, prices of 2 bedrooms properties went up by 24.1%, the cost of 3 bedrooms properties went up by 10.7%, the cost of 4 bedrooms properties went up by 25%, 5 bedrooms properties became 4.5% more expensive.

The number of homes for sale in Panama City Beaches, FL decreased by 9.6% between April 2021 and May 2021.

Volume of homes for sale changed: volume of 1 bedroom homes went dowm by 22.9%, the quantity of 2 bedrooms homes went down by 8.7%, the quantity of 3 bedrooms homes went down by 7.2%, 4 bedrooms homes inventory decreased by 4.5%, number of 5 bedrooms homes remained the same.

In May 2021 more than 21 listings in Panama City Beaches, FL were sold above the asking price. During the same period more than 33 listings were sold at asking price, while more than 35 were sold below.

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