Is Panama City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2021
Since last year, Panama City has remained a Seller's Market.
Key Takeaway
Panama City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Panama City, FL cost?
Median Sold Price
$235,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2021
+$50,000(+27.0%)
Key Takeaway
Homes in Panama City have sold for 27% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2021 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | $91.5K | $125K | +36.6% |
| 2 Bedrooms | $126.5K | $168.2K | +33.0% |
| 3 Bedrooms | $189.1K | $229K | +21.1% |
| 4 Bedrooms | $270K | $320K | +18.5% |
| 5+ Bedrooms | $300K | $439K | +46.3% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Panama City | +27.0% |
| Panama City Beaches | +25.4% |
| Springfield | +22.1% |
| Lynn Haven | +12.1% |
| Youngstown | +6.7% |
How many homes are available in Panama City, FL?
Number of Homes For Sale
| Mar 2022 | Apr 2022 | % |
|---|---|---|
| 186 | 177 | -4.8% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2022 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 38 | 38 | 0.0% |
| 3 Bedrooms | 101 | 102 | +1.0%  |
| 4 Bedrooms | 38 | 29 | -23.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Number of Homes Sold
| Mar 2022 | Apr 2022 | % |
|---|---|---|
| 57 | 53 | -7.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Panama City, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.
Average Sale Time
| Apr 2021 | Apr 2022 | % |
|---|---|---|
| 52 Days | 53 Days | +1.9% |
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Panama City are selling fast, if you're buying plan to act quickly.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2022 Central Panhandle Association of REALTORS.© All Rights Reserved.
Copyright 2022 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
© 2022 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.