Panama City Market Report
$469,543
AVERAGE PRICE OF 1,716 HOMES$2,300,025
AVERAGE PRICE OF 117 MULTI-MILLION DOLLAR HOMES$394,204
AVERAGE PRICE OF 299 NEWLY BUILT HOMES$548,067
AVERAGE PRICE OF 308 HOMES WITH A POOL$484,788
AVERAGE PRICE OF 64 REDUCED PRICE HOMES$167,385
AVERAGE PRICE OF 7 DISTRESSED HOMESAverage Home
| Average Price | $469,543 |
| Avg Bedrooms | 2.95 beds |
| Avg Bathrooms | 2.32 baths |
Average Price by Bedrooms
| 1 bedroom | $303,127 |
| 2 bedrooms | $349,695 |
| 3 bedrooms | $389,983 |
| 4 bedrooms | $550,221 |
| 5 bedrooms | $516,863 |
Panama City Home Price Trends
| 8/2024 | 7/2024 | 6/2024 | 5/2024 | 4/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,625 | 1,625 | 1,635 | 1,579 | 1,409 |
| Average Price | $468,641 | $473,160 | $468,283 | $462,244 | $453,456 |
| Avg Price Change | -0.96% | +1.04% | +1.31% | +1.94% | +2.94% |
| Median Price | $311,795 | $318,675 | $311,702 | $305,497 | $301,556 |
| Med Price Change | -2.21% | +2.24% | +2.03% | +1.31% | +1.07% |
| Avg Bedrooms | 2.9 beds | 2.86 beds | 2.85 beds | 2.86 beds | 2.77 beds |
| Avg Bathrooms | 2.27 baths | 2.23 baths | 2.24 baths | 2.2 baths | 2.14 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Bay | 45 | $474,737 | 136 days |
| Rutherford | 550 | $367,150 | 170 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,716 | $469,543 | 128 days |
| Multi-Million Dollar Homes | 117 | $2,300,025 | 171 days |
| Newly Built Homes | 299 | $394,204 | 172 days |
| Homes with a Pool | 308 | $548,067 | 121 days |
| Reduced Price Homes | 64 | $484,788 | 83 days |
| Distressed Homes | 7 | $167,385 | 155 days |
