Panama City, FL Home Values & Market Trends
Real estate market trends reflect that there have been 3,187 transactions over the past year in Panama City. The median value for residential home transactions that occurred over the previous year is $331,446. The number of current listings in Panama City is 3,634, and the percentage of properties for sale in the city is 3634.00%. Panama City, FL currently has 484 properties in foreclosure, 20 bank owned properties, 38 properties headed for auction, and 3,634 properties for sale.
Panama City, FL Real Estate Market Overview
Housing Market Summary for Panama City, FL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $300K | $345K | 15.00% |
| Median Sold Price | $264K | $294.9K | 11.69% |
| Homes For Sale | 1,870 | 3,713 | 98.56% |
| Homes Sold | 712 | 1,021 | 43.40% |
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 $16,178 to $8,475,000. The median estimated value of a home in Panama City is $331,446. The median list price of a home is 348,450, and the total count of properties in the city is 5,613.
- Pre-ForeclosurePre-foreclosure homes account for 7.59% of all residential properties in Panama City, FL with 32404 containing 167 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 $481,706 in 32408 to the lowest home value of $55,105 in 32401.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Panama City, FL ranges from the highest value of $341,418 in 32409 to the lowest value of $53,907 in 32401. Bank owned homes and properties account for 0.36% of properties in Panama City, FL. There are 6 zips within Panama City, FL; 32405 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions32404 has 16 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 0.68% 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 $397,900 in 32409 to the lowest value of $140,000 in 32409.
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Guide for Panama City, FL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
