Homes for sale in
Panama City, Florida
Gulf Coast living where your dollar goes further
5
Homes for sale
$269,000
Median list price
$175
Avg price / sqft
25
Median days on market
Panama City sits at the working heart of Florida's Panhandle, a Gulf Coast town in Bay County where the pace is easier than the beach crowds a few miles west. The housing here is almost entirely single-family homes, spread across established neighborhoods like Millville Holmes and Robindale, with families zoned to schools like Bay High and Callaway Elementary. It's a place that rewards buyers looking for real square footage without a coastal premium.
The market is tight and moving. Right now there are just 5 active listings with a median list price of $269,000, and homes are going under contract in a median of 25 days. Over the past year 6 homes sold at a median of $295,000, with sellers collecting about 93% of asking — meaning there's still room to negotiate, but you'll want to be ready when the right one lists. If your budget is leaner, it's worth watching the just reduced listings and using browse by price to catch entries starting around $135,500.
Panama City is in Bay County, Florida.
Within a 30-minute drive
Quick facts
$135,500 – $340K price range
1,535 sqft median home
Leans buyer right now
Fresh on the market
Newest homes in Panama City
View all 5 homes →
$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
$274,000
274 BAYOU BEND LANE, PANAMA CITY
3 bd · 2 ba · 1,535 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
$659,000
9900 S Thomas Drive # 2331, Panama City FL 32408, PANAMA CITY
3 bd · 3 ba · 1,400 sqft
$339,900$399,900
5338 FRANK HOUGH ROAD, PANAMA CITY
4 bd · 3 ba · 1,802 sqft
$245,000
810 FORESTDALE AVENUE, PANAMA CITY
1 bd · 1 ba · 1,123 sqft
5 of 5 active listings shown
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Property features
The numbers that matter
The Panama City market
Leans buyer
15.0 months of inventory
Inventory is building — buyers have leverage and time.
6
Sold, last 12 months
$295,000
Median sold price
93%
Sale-to-list ratio
What sellers actually get vs asking
98 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
▲ 28.0% yr/yr
Homes on the market
▼ 64.3% 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
Space for the money
With an average of $175 per square foot and a median home size of 1,535 sqft, your budget buys genuine living space here.
All single-family
Every active listing is a single-family residence, so you're buying a house with a yard rather than a condo or attached unit.
Fast-moving inventory
Homes are selling in a median of 25 days, so serious buyers should be pre-approved and ready to act.
Low carrying costs
Median property tax runs about $1,378 a year and HOA fees, where they exist, sit near $77 a month.
Established school zones
Neighborhoods feed into Bay High School and elementaries like Callaway, Springfield, and Cedar Grove.
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
≈ $1,819/mo
$269,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
20%
In a FEMA flood zone
Ask about flood insurance early — it changes the payment
Straight answers
Panama City real estate FAQs
Is Panama City a good place to live?+
It's a solid choice for buyers who want Gulf Coast proximity without beach-town prices, with established neighborhoods and single-family housing throughout. Kids are zoned to schools like Bay High School and Callaway Elementary, and everyday costs stay reasonable. Explore single-family homes to get a feel for the neighborhoods.
Is Panama City expensive?+
No — it's one of the more affordable Gulf-adjacent markets, with a median list price of $269,000 and listings starting as low as $135,500. At an average of $175 per square foot, you get more house for your money than in the beach communities nearby. You can browse by price to find entry-level options.
What do homes cost in Panama City?+
Active listings range from $135,500 to $339,900, with a median list price of $269,000 for around 1,535 square feet. Over the past year, 6 homes actually sold at a median price of $295,000. Keep an eye on the just reduced listings for value plays.
How is the Panama City housing market?+
Inventory is very tight — just 5 active listings at the moment — and homes move fast, with a median of 25 days on market. Sellers are getting about 93% of asking on average, so there's modest negotiating room but you'll need to move quickly. Checking open houses this week is a good way to stay ahead.
What about HOA fees and property taxes?+
Carrying costs are low here: median property tax is about $1,378 per year and HOA dues, where they apply, run around $77 a month. Many single-family neighborhoods have no HOA at all, so budget will vary by community. Homes across Bay County tend to keep monthly costs manageable.
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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