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Featured local agent — Panama City Beach, FL
Sarah Mitchell
Compass Real Estate · Panama City Beach, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Panama City Beach, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$380,000median sale price
How is the Panama City Beach, FL housing market right now?
The median home sale price in Panama City Beach, FL is $380,000, down 2.6% year-over-year. Homes sell in an average of 101 days with 857 active listings. The market is currently a buyer's market. (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 Panama City Beach a buyer's or seller's market?
Panama City Beach, FL is currently a buyer's market, based on 7.9 months of supply and homes selling in about 101 days. How we determine this →
Homes sold
108
Last 12 weeks
Days on market
101
Average pace
Active listings
857
7.9 months supply
Sale-to-list
95.7%
Below asking
What does the Panama City Beach housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $380,000 |
| Median list price | $399,450 |
| Year-over-year price change | -2.6% |
| Average days on market | 101 days |
| Active inventory | 857 listings |
| Months of supply | 7.9 months |
| Sale-to-list price ratio | 95.7% |
| Median price per sq ft | $330/sq ft |
| Homes sold (latest month) | 108 |
| New listings (latest month) | 136 |
| Listings with a price cut | 27.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Panama City Beach by property type?
How the Panama City Beach, 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 | $418,500 | $253/sq ft | 31 | 78 days |
| Condo / Co-op | $367,500 | $380/sq ft | 68 | 123 days |
| Townhouse | $335,000 | $240/sq ft | 9 | 41 days |
Source: Redfin · Updated monthly
The Panama City Beach housing market is currently classified as a buyer's market with a median sale price of $380,000. Prices have fallen 2.6% compared to last year, with homes spending an average of 101 days on market, indicating 7.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Panama City Beach
There are currently 857 homes listed for sale in Panama City Beach, Florida. The median listing price is $399K.
Active listings
857
Homes on market
Median list price
$399K
Avg. days on market
101
Days until sale
New this week
136
Newly listed
Who lives in Panama City Beach?
Population
18,493
Median income
$78,921/yr
Median age
45.2 years
Owner-occupied
62.1%
College grads
36.8%
Avg commute
23.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Panama City Beach?
Zillow home value
$416,066
Zillow rent index
$1,666/mo
Price-to-rent ratio
20.8x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Panama City Beach?
Panama City Beach is a community of approximately 18K residents with a median age of 45.2 years.The median household income is $78,921, which reflects a relatively affluent area with strong earning potential. 36.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.1%, showing a blend of owner and renter-occupied properties. The average commute time is 23.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Panama City Beach offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Panama City Beach?
7 schools tracked · 5,505 students
The largest public schools serving Panama City Beach, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
J.R. ARNOLD HIGH SCHOOL
Grades 9-12 · 1,637 students
BREAKFAST POINT ACADEMY
Grades PK-8 · 1,044 students
SURFSIDE MIDDLE SCHOOL
Grades PK-12 · 825 students
PATRONIS ELEMENTARY SCHOOL
Grades K-5 · 634 students
HUTCHISON BEACH ELEMENTARY SCHOOL
Grades K-5 · 585 students
A. GARY WALSINGHAM ACADEMY
Grades PK-4 · 423 students
WEST BAY ELEMENTARY SCHOOL
Grades K-5 · 357 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Panama City Beach, FL?
Want a head-to-head view? Compare Panama City Beach side-by-side with any other U.S. city using our market-comparison tool.
Is Panama City Beach a good real estate investment market?
For investors evaluating Panama City Beach, the price-to-rent ratio of 20.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 2.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Panama City Beach's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Panama City Beach's median home price.
Frequently asked questions
What is the average home price in Panama City Beach?
The median home sale price in Panama City Beach is $380,000, down 2.6% from last year.
How long do homes stay on market in Panama City Beach?
Homes typically spend 101 days on market before going under contract.
What is the median income in Panama City Beach?
The median household income is $78,921 per year.
Is Panama City Beach a buyer's or seller's market?
With 7.9 months of supply, Panama City Beach is currently a buyer's market.
What is the Zillow home value estimate for Panama City Beach?
The Zillow Home Value Index (ZHVI) for Panama City Beach is $416,066, representing the typical home value in the area.
What is the median condo price in Panama City Beach?
The median condo/co-op sale price in Panama City Beach, FL is $367,500, compared to $418,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Panama City Beach?
The median single-family home price in Panama City Beach, FL is $418,500 (about $253 per square foot).
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