Homes for sale in
Panama City, Florida
Gulf Coast living with room to breathe
8
Homes for sale
$257,000
Median list price
$247
Avg price / sqft
27
Median days on market
Panama City sits at the heart of Florida's Panhandle, a working waterfront town on St. Andrew Bay where the pace is easy and the Gulf is never far. Neighborhoods like Bay Point, Millville Holmes, and Robindale give you everything from bayside enclaves to established inland streets, and the housing here leans toward practical single-family homes rather than sprawling luxury developments.
For a buyer today, the market is compact but approachable. With just seven active listings and a median list price of $264,999 — ranging from $134,500 up to $659,000 — inventory across Bay County moves at a steady clip, with homes going under contract in about 28 days. If you're watching your budget, it's worth checking just reduced listings and using browse by price to catch the lower end of the range.
Panama City is in Bay County, Florida.
Within a 30-minute drive
Quick facts
$134,500 – $659K price range
1,262 sqft median home
$1,625/mo median rent
Leans buyer right now
Fresh on the market
Newest homes in Panama City
View all 8 homes →
$135,000
7101 CHERRY STREET, PANAMA CITY
2 bd · 1 ba · 800 sqft
$274,000
274 Bayou Bend Lane, Panama City FL 32404, PANAMA CITY
3 bd · 2 ba · 1,887 sqft
$249,000
8817 S Thomas Drive # A114, Panama City FL 32408, PANAMA CITY
0 bd · 1 ba · 489 sqft
$269,000
219 N EAST AVENUE, PANAMA CITY
3 bd · 2 ba · 1,665 sqft
$134,500$135,500
5205 E 11TH STREET, PANAMA CITY
3 bd · 1 ba · 1,067 sqft
$264,999$274,000
274 BAYOU BEND LANE, PANAMA CITY
4 bd · 2 ba · 1,535 sqft
$659,000
9900 S Thomas Drive # 2331, Panama City FL 32408, PANAMA CITY
3 bd · 3 ba · 1,400 sqft
$245,000
810 FORESTDALE AVENUE, PANAMA CITY
1 bd · 1 ba · 1,123 sqft
8 of 8 active listings shown
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Property features
The numbers that matter
The Panama City market
Leans buyer
24.0 months of inventory
Inventory is building — buyers have leverage and time.
5
Sold, last 12 months
$270,000
Median sold price
93%
Sale-to-list ratio
What sellers actually get vs asking
103 days
Median time to sell
Panama City vs Bay County
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 78.4% yr/yr
Homes on the market
▼ 50.0% yr/yr
Homes sold per month
Live Stellar MLS data — listings and closed sales in Panama City, FL. Rolling medians smooth single-month swings in thin markets.
Where to look
Panama City neighborhoods
Show all 462 Panama City neighborhoods A–ZHide the full neighborhood list+
Neighborhood boundaries by edgeAI — listings matched to the actual polygon, not agent-entered subdivision names.
For the school run
School zones with homes for sale
Homes matched to official attendance boundaries — always verify zoning with the district.
Beyond the listings
Living in Panama City
Bayside and waterfront options
Two of the current active listings are waterfront, giving buyers a direct line to St. Andrew Bay living.
Pool homes in the mix
Three of the seven active listings come with a pool — a real perk for Panhandle summers.
Approachable price range
With a median list price of $264,999 and homes starting around $134,500, there's genuine room for first-time and value-focused buyers.
Established local neighborhoods
Communities like Bay Point, Millville Holmes, and Robindale offer distinct character from bayside to inland.
Quick-moving market
Homes here sell in a median of 28 days, so serious buyers should be ready to act.
Population
34,211
Median age
38.6
Median income
$61,125
Median home value
$243,200
What people here are into
Appearance oriented
Top 10% in the U.S.Trend Trackers
This population lives as fast as the culture. They like to keep up with the latest trends, especially when it comes to apparel and accessories.
Culture
Top 21% in the U.S.Sites to See
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Lifestyles
Top 24% in the U.S.Nerd Culture
These people aren't afraid to nerd out. Common activities include comic books, video games, and often intellectual pursuits.
Entertainment
Top 24% in the U.S.Lighthearted Fun
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
Pieces of History
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Appearance oriented
Smart Chic
Passionate about style, smart chic searches high and low for the perfect look - but not one that will break the bank.
What it really costs
Owning here
Owning the median Panama City home
≈ $1,868/mo
$257,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
0%
In a FEMA flood zone
Most homes here sit outside high-risk zones
$1,625/mo
Median rent
3 homes for rent right now
Straight answers
Panama City real estate FAQs
Is Panama City a good place to live?+
Panama City offers Gulf Coast living with a practical, unpretentious feel — a mix of bayside neighborhoods and established inland streets across Bay County. Assigned schools include Callaway Elementary, Springfield Elementary, and Bay High School, and buyers can choose from waterfront settings to quiet residential pockets like Robindale.
Is Panama City expensive?+
Not by Florida coastal standards. The median list price sits at $264,999 with active listings ranging from $134,500 to $659,000, and there are currently no homes on the market above $1M. You can browse by price to focus on the more affordable end.
What do homes cost in Panama City?+
The median home runs about $264,999 to list at roughly $258 per square foot, with a typical size around 1,400 sqft. Over the past 12 months, five homes sold at a median price of $270,000, so list and sold prices track closely here.
How is the Panama City market right now?+
It's a tight, quick-moving market with just seven active listings and homes going under contract in a median of 28 days. Sellers are getting about 93% of their asking price on average, which points to realistic pricing and room to negotiate. Keep an eye on just reduced listings for opportunities.
What about HOA fees and property taxes?+
The median HOA fee is a modest $77 per month, and median property taxes come to about $2,856 per year. If you're weighing renting versus buying, the median rent in the area is around $1,625 per month — you can compare homes for rent to see what fits.
Keep exploring
Nearby areas
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS. Market statistics are computed from listing and sold data and change as the market moves.
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