Panama City Market Report
$462,583
AVERAGE PRICE OF 1,679 HOMES$2,179,382
AVERAGE PRICE OF 112 MULTI-MILLION DOLLAR HOMES$418,648
AVERAGE PRICE OF 290 NEWLY BUILT HOMES$549,867
AVERAGE PRICE OF 284 HOMES WITH A POOL$373,713
AVERAGE PRICE OF 49 REDUCED PRICE HOMES$187,760
AVERAGE PRICE OF 5 DISTRESSED HOMESAverage Home
| Average Price | $462,583 |
| Avg Bedrooms | 2.92 beds |
| Avg Bathrooms | 2.36 baths |
Average Price by Bedrooms
| 1 bedroom | $310,739 |
| 2 bedrooms | $389,234 |
| 3 bedrooms | $401,014 |
| 4 bedrooms | $565,444 |
| 5 bedrooms | $731,333 |
Panama City Home Price Trends
| 11/2024 | 10/2024 | 9/2024 | 8/2024 | 7/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,690 | 1,696 | 1,709 | 1,625 | 1,625 |
| Average Price | $467,108 | $470,572 | $468,758 | $468,641 | $473,160 |
| Avg Price Change | -0.74% | +0.39% | +0.02% | -0.96% | +1.04% |
| Median Price | $327,018 | $326,506 | $319,858 | $311,795 | $318,675 |
| Med Price Change | +0.16% | +2.08% | +2.59% | -2.21% | +2.24% |
| Avg Bedrooms | 2.95 beds | 2.96 beds | 2.96 beds | 2.9 beds | 2.86 beds |
| Avg Bathrooms | 2.37 baths | 2.39 baths | 2.33 baths | 2.27 baths | 2.23 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Bay | 43 | $481,141 | 174 days |
| Rutherford | 546 | $378,679 | 193 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,679 | $462,583 | 155 days |
| Multi-Million Dollar Homes | 112 | $2,179,382 | 214 days |
| Newly Built Homes | 290 | $418,648 | 213 days |
| Homes with a Pool | 284 | $549,867 | 154 days |
| Reduced Price Homes | 49 | $373,713 | 89 days |
| Distressed Homes | 5 | $187,760 | 90 days |
