Sapp House · Photo: Ebyabe · CC BY-SA 3.0766 homes sold in Panama City in the last year, at a typical $289K
Almost every sale is a house. 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 homes are listed.
Every place Panama City 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.
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.
5% of Panama City’s sales are condos, at $101K less than a house
644 houses and 38 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 644 sold in the year to May 2026
- Per square foot
- $189FL $245
- Days to sell
- 70
- Sold over asking
- 14%
- Listings with a price cut
- 29%
typical sale · 38 sold in the year to May 2026
- Per square foot
- $244FL $262
- Days to sell
- 149
- Sold over asking
- 5%
- Listings with a price cut
- 23%
Multi-family (2–4 units): 24 sold, typical $323K
Townhouses: 29 sold, typical $214K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 2.2 times the 2016 price
766 sales in the last year, against 813 in 2023 and a low of 303 in 2012. The typical sale went from $129K in 2016 to $289K.
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 $300K buys in Panama City
Check a listing against what Panama City 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 are back to pre-pandemic levels, and more homes are for sale
We read every month of Panama City’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, 766 sales.
If you’re buying in Panama City
- Shop in February. It brings about 66 new listings a month, close to the busiest month, with fewer bidding wars (11% over asking).
- Offer under asking. Buyers paid 97% of the list price on average; 12% paid over.
- You’ll usually have time. Only 23% of homes go under contract within two weeks; the typical one takes 76 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 77 a month), but April is the most competitive: 18% of April sales close over asking. January and February offer nearly as much choice with fewer homes bid up (12%). November has the least competition (11%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Florida as a whole
| Panama City now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 12% | 11% | 18% | 9% |
| Gone within two weeksShare of homes under contract within 14 days | 23% | 4% | 4% | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 97% | 96.1% | 97.5% | 96.4% |
| Days to sellMedian days from listing to contract | 76 | 84 | 73 | 75 |
309 homes for sale on a typical day
That’s 1.7 times the 2022 low (177) and 40% more than in 2017–19.
Since 2019, houses are up 80%, condos 31%
A house typically sold for $310K in the year to May 2026 (644 sales), a condo for $209K (38).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Panama City ranks 181st 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 is in the middle of the pack.
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 home costs about $1,665 a month
Price: Panama City’s typical sale, last 12 months. Property tax at Panama City’s 0.7% (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 is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 47.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $289K home, about $1,880 a year.
Taxes vs. neighborsSchools
The schools grade for Panama City, from test results, graduation and how much students grow.
Schools in Panama CityTypical commute
The average one-way trip to work for people who live in Panama City.
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.
Springfield and Callaway sell for less a square foot
The busier markets within 25 miles of Panama City, 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 | 766 | $289K | $189 | 12% | 76 |
| Upper Grand Lagoon | 388 | $387K | $225 | 4% | 98 |
| Callaway | 298 | $280K | $174 | 14% | 79 |
| Lynn Haven | 265 | $329K | $194 | 9% | 61 |
| Springfield | 115 | $253K | $179 | 10% | 76 |
| Parker | 58 | $267K | $186 | 7% | 83 |
| 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, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Panama City. People who follow the town see it, and so do people comparing Panama City with their own town. No commission, no listing fee.
Questions about buying a home in Panama City
What do homes sell for in Panama City, FL?
766 homes sold in the year to September 2026 at a typical $289K, $189 a square foot. Houses sold for about $310K, condos for about $209K in the year to May 2026.
Is Panama City a buyer’s or seller’s market?
A balanced market: 304 homes were for sale in September 2026 and 66 sold, about 4.6 months of supply. Buyers paid 97% of asking on average.
When is the best time to buy in Panama City?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Panama City?
About 0.7% of a home’s value a year. On a $289K home that’s near $1,880.
Where can I see homes for sale in Panama City?
Zillow, Redfin, Realtor.com and Homes.com all carry Panama City’s MLS listings; the search links above open each one filtered to Panama City.
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).