Panama City Market Report
$503,137
AVERAGE PRICE OF 1,985 HOMES$250,300
AVERAGE PRICE OF 6 DISTRESSED HOMES$2,449,059
AVERAGE PRICE OF 144 MULTI-MILLION DOLLAR HOMES$457,326
AVERAGE PRICE OF 341 NEWLY BUILT HOMES$548,195
AVERAGE PRICE OF 542 HOMES WITH A POOL$435,397
AVERAGE PRICE OF 78 REDUCED PRICE HOMESAverage Home
| Average Price | $503,137 |
| Avg Bedrooms | 2 beds |
| Avg Bathrooms | 1.54 baths |
Average Price by Bedrooms
| 1 bedroom | $295,893 |
| 2 bedrooms | $385,864 |
| 3 bedrooms | $538,880 |
| 4 bedrooms | $411,206 |
| 5 bedrooms | $601,557 |
Panama City Home Price Trends
| 5/2025 | 4/2025 | 3/2025 | 2/2025 | 1/2025 | |
|---|---|---|---|---|---|
| Total Listings | 1,967 | 1,870 | 1,778 | 1,663 | 1,523 |
| Average Price | $488,157 | $477,614 | $465,842 | $452,641 | $451,702 |
| Avg Price Change | +2.21% | +2.53% | +2.92% | +0.21% | -0.83% |
| Median Price | $336,377 | $333,404 | $325,774 | $321,529 | $320,927 |
| Med Price Change | +0.89% | +2.34% | +1.32% | +0.19% | -0.47% |
| Avg Bedrooms | 1.91 beds | 1.77 beds | 1.67 beds | 1.76 beds | 1.63 beds |
| Avg Bathrooms | 1.48 baths | 1.37 baths | 1.32 baths | 1.36 baths | 1.32 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Rutherford | 643 | $433,222 | 165 days |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,985 | $503,137 | 151 days |
| Distressed Homes | 6 | $250,300 | 89 days |
| Multi-Million Dollar Homes | 144 | $2,449,059 | 156 days |
| Newly Built Homes | 341 | $457,326 | 162 days |
| Homes with a Pool | 542 | $548,195 | 108 days |
| Reduced Price Homes | 78 | $435,397 | 77 days |
