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Featured local agent — Panacea, FL
Sarah Mitchell
Compass Real Estate · Panacea, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Panacea, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$220,000median sale price
How is the Panacea, FL housing market right now?
The median home sale price in Panacea, FL is $220,000, up 41.9% year-over-year. Homes sell in an average of 85 days with 13 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Panacea a buyer's or seller's market?
Panacea, FL is currently a leaning buyer's, based on 3.3 months of supply and homes selling in about 85 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
85
Average pace
Active listings
13
3.3 months supply
Sale-to-list
91.5%
Below asking
What does the Panacea housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $220,000 |
| Median list price | $549,000 |
| Year-over-year price change | +41.9% |
| Average days on market | 85 days |
| Active inventory | 13 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 91.5% |
| Median price per sq ft | $156/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 3 |
| Listings with a price cut | 38.5% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Panacea by property type?
How the Panacea, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $220,000 | $156/sq ft | 4 | 85 days |
| Townhouse | $400,000 | $300/sq ft | 1 | 80 days |
Source: Redfin · Updated monthly
The Panacea housing market is currently classified as a leaning buyer's with a median sale price of $220,000. Prices have risen 41.9% compared to last year, with homes spending an average of 85 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 11.0x provides context for how home values compare to local earning capacity.
Homes for sale in Panacea
There are currently 13 homes listed for sale in Panacea, Florida. The median listing price is $549K.
Active listings
13
Homes on market
Median list price
$549K
Avg. days on market
85
Days until sale
New this week
3
Newly listed
Who lives in Panacea?
Population
1,039
Median income
$36,332/yr
Median age
46.7 years
Owner-occupied
75.5%
College grads
20.5%
Source: U.S. Census Bureau ACS
What are homes worth in Panacea?
Zillow home value
$399,105
Price-to-income
11.0x
Source: Zillow Research
What is it like to live in Panacea?
Panacea is a community of approximately 1K residents with a median age of 46.7 years.The median household income is $36,332, which represents a working-class community with solid middle-income opportunities. 20.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 75.5%, reflecting strong community stability and long-term resident commitment.Overall, Panacea offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Panacea, FL?
Want a head-to-head view? Compare Panacea side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Panacea?
The median home sale price in Panacea is $220,000, up 41.9% from last year.
How long do homes stay on market in Panacea?
Homes typically spend 85 days on market before going under contract.
What is the median income in Panacea?
The median household income is $36,332 per year.
Is Panacea a buyer's or seller's market?
With 3.3 months of supply, Panacea is currently a leaning buyer's.
What is the Zillow home value estimate for Panacea?
The Zillow Home Value Index (ZHVI) for Panacea is $399,105, representing the typical home value in the area.
How much does a single-family home cost in Panacea?
The median single-family home price in Panacea, FL is $220,000 (about $156 per square foot).
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