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Featured local agent — Panama, NE
Sarah Mitchell
Compass Real Estate · Panama, NE
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Panama, NE Housing Market & Real Estate
Housing market overview · Updated monthly ·
$275,000median sale price
How is the Panama, NE housing market right now?
The median home sale price in Panama, NE is $275,000. Homes sell in an average of 5 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of July 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Panama a buyer's or seller's market?
Panama, NE is currently a balanced market and homes selling in about 5 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
5
Fast-moving
Active listings
—
Sale-to-list
96.5%
Below asking
What does the Panama housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $275,000 |
| Average days on market | 5 days |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $214/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Panama by property type?
How the Panama, NE market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $275,000 | $214/sq ft | 1 | 5 days |
Source: Redfin · Updated monthly
The Panama housing market is currently classified as a balanced market with a median sale price of $275,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 5 days on market.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 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Panama
Explore homes currently listed for sale in Panama, Nebraska across major real estate platforms.
Who lives in Panama?
Population
223
Median income
$89,583/yr
Median age
51.8 years
Owner-occupied
88.5%
College grads
15.0%
Avg commute
33.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Panama?
Zillow home value
$283,131
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Panama?
Panama is a community of approximately 0K residents with a median age of 51.8 years.The median household income is $89,583, which reflects a relatively affluent area with strong earning potential. 15.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 88.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Panama offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Panama, NE?
Want a head-to-head view? Compare Panama side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Panama?
The median home sale price in Panama is $275,000, down 0.0% from last year.
How long do homes stay on market in Panama?
Homes typically spend 5 days on market before going under contract.
What is the median income in Panama?
The median household income is $89,583 per year.
What is the Zillow home value estimate for Panama?
The Zillow Home Value Index (ZHVI) for Panama is $283,131, representing the typical home value in the area.
How much does a single-family home cost in Panama?
The median single-family home price in Panama, NE is $275,000 (about $214 per square foot).
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