Photo: j.s. clark/ "Image by jsclark.net." · CC BY-SA 2.01,187 homes sold in Panama City Beach in the last year, at a typical $376K
Most homes sold are condos. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Panama City Beach homes are listed.
Every place Panama City Beach homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Panama City Beach.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
61% of Panama City Beach’s sales are condos, at $100K less than a house
300 houses and 692 condos sold in the year to May 2026. Houses sell faster.
typical sale · 300 sold in the year to May 2026
- Per square foot
- $258FL $245
- Days to sell
- 91
- Sold over asking
- 4%
- Listings with a price cut
- 28%
typical sale · 692 sold in the year to May 2026
- Per square foot
- $383FL $262
- Days to sell
- 137
- Sold over asking
- 2%
- Listings with a price cut
- 21%
Multi-family (2–4 units): 7 sold, typical $608K
Townhouses: 129 sold, typical $317K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.6 times the 2016 price
1,187 sales in the last year, against 2,694 in 2021 and a low of 1,020 in 2025. The typical sale went from $231K in 2016 to $376K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $400K buys in Panama City Beach
Check a listing against what Panama City Beach homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Panama City Beach are rarer than before the pandemic, and more homes are for sale
We read every month of Panama City Beach’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 1,187 sales.
If you’re buying in Panama City Beach
- Shop in January. It brings about 195 new listings a month, close to the busiest month, with fewer bidding wars (7% over asking).
- Offer under asking. Buyers paid 95.2% of the list price on average; 2% paid over.
- You’ll usually have time. Only 11% of homes go under contract within two weeks; the typical one takes 112 days.
Spring brings both the most homes and the most bidding wars
March has the most new listings (about 210 a month), but May is the most competitive: 12% of May sales close over asking. January and February offer nearly as much choice with fewer homes bid up (7%). October has the least competition (6%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Florida
| Panama City Beach now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 2% | 8% | 15% | 9% |
| Gone within two weeksShare of homes under contract within 14 days | 11% | 4% | 4% | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 95.2% | 97% | 98.5% | 96.4% |
| Days to sellMedian days from listing to contract | 112 | 95 | 63 | 75 |
920 homes for sale on a typical day
That’s 1.8 times the 2021 low (515) and 26% more than in 2017–19.
Since 2019, houses are up 41%, condos 43%
A house typically sold for $456K in the year to May 2026 (300 sales), a condo for $356K (692).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Panama City Beach ranks 509th of 542 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Panama City Beach is one of the state’s calmer markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Panama City Beach home costs about $2,145 a month
Price: Panama City Beach’s typical sale, last 12 months. Property tax at Panama City Beach’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Panama City Beach is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 112.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $376K home, about $2,200 a year.
Taxes vs. neighborsSchools
The schools grade for Panama City Beach, from test results, graduation and how much students grow.
Schools in Panama City BeachTypical commute
The average one-way trip to work for people who live in Panama City Beach.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Upper Grand Lagoon, Pretty Bayou, Lynn Haven and Springfield sell for less a square foot; Laguna Beach for far more
The busier markets within 25 miles of Panama City Beach, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Panama City Beach | 1,187 | $376K | $324 | 2% | 112 |
| Upper Grand Lagoon | 388 | $387K | $225 | 4% | 98 |
| Lower Grand Lagoon | 337 | $488K | $377 | 3% | 92 |
| Lynn Haven | 265 | $329K | $194 | 9% | 61 |
| Laguna Beach | 210 | $593K | $424 | 6% | 104 |
| Springfield | 115 | $253K | $179 | 10% | 76 |
| Pretty Bayou | 50 | $417K | $211 | 4% | 88 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Panama City Beach, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Panama City Beach. People who follow the town see it, and so do people comparing Panama City Beach with their own town. No commission, no listing fee.
Questions about buying a home in Panama City Beach
What do homes sell for in Panama City Beach, FL?
1,187 homes sold in the year to September 2026 at a typical $376K, $324 a square foot. Houses sold for about $456K, condos for about $356K in the year to May 2026.
Is Panama City Beach a buyer’s or seller’s market?
A buyer’s market: 913 homes were for sale in September 2026 and 96 sold, about 9.4 months of supply. Buyers paid 95.2% of asking on average.
When is the best time to buy in Panama City Beach?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Panama City Beach?
About 0.6% of a home’s value a year. On a $376K home that’s near $2,200.
Where can I see homes for sale in Panama City Beach?
Zillow, Redfin, Realtor.com and Homes.com all carry Panama City Beach’s MLS listings; the search links above open each one filtered to Panama City Beach.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).