Panama City, FL
Housing market overview · Updated weekly
$296,650median sale price
Homes sold
46
Last 12 weeks
Days on market
123
Average pace
Active listings
271
5.9 months supply
Sale-to-list
97.1%
Below asking
The Panama City housing market is currently classified as a buyer's market with a median sale price of $296,650. Prices have risen 9.5% compared to last year, with homes spending an average of 123 days on market, indicating 5.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Panama City
There are currently 271 homes listed for sale in Panama City, Florida. The median listing price is $303K.
Active listings
271
Homes on market
Median list price
$303K
Avg. days on market
123
Days until sale
New this week
73
Newly listed
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Frequently asked questions
What is the average home price in Panama City?
The median home sale price in Panama City is $296,650, up 9.5% from last year.
How long do homes stay on market in Panama City?
Homes typically spend 123 days on market before going under contract.
Is Panama City a buyer's or seller's market?
With 5.9 months of supply, Panama City is currently a buyer's market.
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