Panama City Market Report
$452,591
AVERAGE PRICE OF 1,522 HOMES$197,187
AVERAGE PRICE OF 8 DISTRESSED HOMES$2,166,279
AVERAGE PRICE OF 98 MULTI-MILLION DOLLAR HOMES$410,479
AVERAGE PRICE OF 257 NEWLY BUILT HOMES$557,554
AVERAGE PRICE OF 241 HOMES WITH A POOL$412,972
AVERAGE PRICE OF 37 REDUCED PRICE HOMESAverage Home
| Average Price | $452,591 |
| Avg Bedrooms | 2.23 beds |
| Avg Bathrooms | 1.7 baths |
Average Price by Bedrooms
| 1 bedroom | $307,396 |
| 2 bedrooms | $367,500 |
| 3 bedrooms | $342,730 |
| 4 bedrooms | $513,067 |
| 5 bedrooms | $654,244 |
Panama City Home Price Trends
| 12/2024 | 11/2024 | 10/2024 | 9/2024 | 8/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,671 | 1,690 | 1,696 | 1,709 | 1,625 |
| Average Price | $465,182 | $467,108 | $470,572 | $468,758 | $468,641 |
| Avg Price Change | -0.41% | -0.74% | +0.39% | +0.02% | -0.96% |
| Median Price | $328,988 | $327,018 | $326,506 | $319,858 | $311,795 |
| Med Price Change | +0.60% | +0.16% | +2.08% | +2.59% | -2.21% |
| Avg Bedrooms | 2.98 beds | 2.95 beds | 2.96 beds | 2.96 beds | 2.9 beds |
| Avg Bathrooms | 2.41 baths | 2.37 baths | 2.39 baths | 2.33 baths | 2.27 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Rutherford | 509 | $370,491 | 189 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,522 | $452,591 | 173 days |
| Distressed Homes | 8 | $197,187 | 71 days |
| Multi-Million Dollar Homes | 98 | $2,166,279 | 318 days |
| Newly Built Homes | 257 | $410,479 | 112 days |
| Homes with a Pool | 241 | $557,554 | 132 days |
| Reduced Price Homes | 37 | $412,972 | 111 days |
