If you need assistance, please call 770-916-1177

Panama City Market Report

$394,523

AVERAGE PRICE OF 1,238 HOMES

$1,918,483

AVERAGE PRICE OF 70 MULTI-MILLION DOLLAR HOMES

$384,695

AVERAGE PRICE OF 325 NEWLY BUILT HOMES

$512,272

AVERAGE PRICE OF 137 HOMES WITH A POOL

$430,509

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

$161,237

AVERAGE PRICE OF 8 DISTRESSED HOMES

Average Home

Average Price $394,523
Avg Bedrooms 2.82 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $326,158
2 bedrooms $256,177
3 bedrooms $338,398
4 bedrooms $446,356
5 bedrooms $976,729
Panama City Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 1,180 1,158 1,208 1,261 1,295
Average Price $376,638 $689,781 $408,402 $410,504 $410,772
Avg Price Change -83.14% +68.90% -0.51% -0.07% +0.01%
Median Price $300,341 $302,748 $309,806 $312,004 $309,347
Med Price Change -0.80% -2.33% -0.71% +0.86% +0.82%
Avg Bedrooms 2.84 beds 2.92 beds 2.87 beds 2.78 beds 2.81 beds
Avg Bathrooms 1.91 baths 1.99 baths 2.03 baths 1.99 baths 1.97 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Arnold 26 $631,246 106 days
Bay 454 $478,634 90 days
Deane Bozeman 47 $449,139 110 days
Mosley 167 $503,545 93 days
Rutherford 544 $339,977 91 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,238 $394,523 89 days
Multi-Million Dollar Homes 70 $1,918,483 121 days
Newly Built Homes 325 $384,695 63 days
Homes with a Pool 137 $512,272 64 days
Reduced Price Homes 19 $430,509 60 days
Distressed Homes 8 $161,237 101 days
World Impact Real Estate
Mike Glass - Realtor
6816 Thomas Drive
Panama City Beach, FL 32407
770-916-1177

The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated March 23, 2023

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Vendor Member Number: 28179

The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated March 23, 2023
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