Panama, IA Home Values & Market Trends
Real estate market trends reflect that there have been 1 transactions over the past year in Panama. The median value for residential home transactions that occurred over the previous year is $249,900. The number of current listings in Panama is 1, and the percentage of properties for sale in the city is 1.00%. Panama, IA currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 1 properties for sale.
Panama, IA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 51562 | $ 249,900 $ 160/sqft |
Housing Market Summary for Panama, IA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $240K | $240K | - |
| Median Sold Price | $0 | $253.6K | - |
| Homes For Sale | 1 | 1 | - |
| Homes Sold | 0 | 1 | - |
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, IA
Browse Homes in Panama, IA
Panama home values range from $249,900 to $254,310. The median estimated value of a home in Panama is $249,900. The median list price of a home is 240,000, and the total count of properties in the city is 2.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Panama, IA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Panama, IA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Panama, IA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Panama, IA. There is 1 zips within Panama, IA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Panama, IA. Auction homes and other auction properties account for 0% of all properties in Panama, IA. There is 1 zips within Panama, IA; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Panama, IA
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 […]
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