Panama City, FL, Real Estate
Panama City, Florida, is a vibrant coastal gem with sun-soaked beaches and a laid-back vibe that draws you in. You can spend your days splashing in the turquoise Gulf waters, fishing off a pier, or kayaking through serene bayous teeming with wildlife. For a thrill, try parasailing for a bird’s-eye view of the coastline or hop on a dolphin-watching tour to catch sight of playful pods. When you’re ready to unwind, the local scene buzzes with spots to grab fresh seafood or sip a cold drink while soaking in a sunset. There’s always something fun to do, from beachcombing to exploring nearby nature trails.
Panama City currently has 12 single family homes for sale with an average list price of $376,666.58, 1 condo for sale with a list price of $474,900, and 15 lots for sale with an average list price of $167,993.07. The average annual property tax for Panama City is $1,918.08.
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Panama City, i.e. what's hot and what's not.
See What's Hot & What's Not in Panama City
Market Trends
Panama City home sales for the month of October stayed the same in volume when compared to last year, while the median sale price stayed the same.
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1
|
12
|
7
|
7
|
| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
|
$156,660
|
$262,000
|
$290,900
|
$277,400
|
| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Panama City
Number of Sales for Panama City
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