Panama City, FL Home Values & Market Trends
Real estate market trends reflect that there have been 1,687 transactions over the past year in Panama City. The median value for residential home transactions that occurred over the previous year is $250,441.39. The number of current listings in Panama City is 290, and the percentage of properties for sale in the city is 290.00%. Panama City, FL currently has 280 properties in foreclosure, 6 bank owned properties, 22 properties headed for auction, and 290 properties for sale.
Panama City, FL Real Estate Market Overview
Housing Market Summary for Panama City, FL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $285.6K | $258.3K | -9.59% |
| Median Sold Price | $270K | $258.3K | -4.35% |
| Homes For Sale | 263 | 280 | 6.46% |
| Homes Sold | 1,093 | 916 | -16.19% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Panama City, FL
Browse Homes in Panama City, FL
Panama City home values range from $18,857 to $5,722,901. The median estimated value of a home in Panama City is $250,441.39. The median list price of a home is 299,700, and the total count of properties in the city is 33,141.
- Pre-ForeclosurePre-foreclosure homes account for 0.76% of all residential properties in Panama City, FL with 32404 containing 121 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 6 zips within Panama City, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $425,743 in 32408 to the lowest home value of $37,077 in 32401.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Panama City, FL ranges from the highest value of $271,300 in 32408 to the lowest value of $106,549 in 32401. Bank owned homes and properties account for 0.02% of properties in Panama City, FL. There are 6 zips within Panama City, FL; 32404 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions32405 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Panama City, FL. Auction homes and other auction properties account for 0.07% of all properties in Panama City, FL. There are 6 zips within Panama City, FL; of those zips, the median estimated home value for homes going to auction ranges from $354,248 in 32408 to the lowest value of $106,948 in 32408.
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Guide for Panama City, FL
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