In May 2024, Panama City, FL homes were selling for an average price of $243,114, Panama City, FL homes on average sell after 60 days on the market compared to 50 days last year. There were 22 homes sold in Panama City, FL for May 2024, compared to 29 last year.
The average list price of Panama City, FL, was $547,327 in May 2024, compared to $198,250 in May 2023.
Panama City, FL Market Trend for Houses
Average List Price
The average list price of houses in Panama City, FL, was $635,271 in May 2024, compared to $253,625 in May 2023.
Panama City, FL Market Trend for Condos / Townhouses / Penthouses
Average List Price
The average list price of condos/co-ops in Panama City, FL, was $497,400 in May 2024, compared to $0 in May 2023.
Panama City, FL Market Trend for Lots/Land
Average List Price
The average list price of lots/land in Panama City, FL, was $28,900 in May 2024, compared to $87,500 in May 2023.
Panama City, FL Market Trend for Commercial
Average List Price
The average list price of commercial in Panama City, FL, was $550,000 in May 2024, compared to $0 in May 2023.
Panama City, FL Housing Market Analysis
The average list price in Panama City, FL is $547,327. The average list price in Panama City, FL went up 148.31% from 2023 to 2024. Panama City, FL home resale inventories is 11, which increased 83.33% since 2023. The average list price per square foot in Panama City, FL is $375. 2023 it was $188.
