In August 2026, the median home sale price in Panama City, FL was $239,000, with homes selling in an average of 53 days — slower than the 48-day average last year, suggesting buyers have more negotiating room. A total of 17 homes sold in this period, down from 19 last year.
The median list price of Panama City, FL, was $222,450 in August 2026, compared to $120,000 in August 2025.
Panama City, FL Market Trend for Houses
Median List Price
The median list price of houses in Panama City, FL, was $264,999 in August 2026, compared to $312,500 in August 2025.
Panama City, FL Market Trend for Condos / Townhouses / Penthouses
Median List Price
The median list price of condos/co-ops in Panama City, FL, was $399,900 in August 2026, compared to $0 in August 2025.
Panama City, FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Panama City, FL, was $82,950 in August 2026, compared to $86,000 in August 2025.
Panama City, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Panama City, FL, was $2,092,000 in August 2026, compared to $0 in August 2025.
Panama City, FL Housing Market Analysis
There are currently 42 homes listed for sale in Panama City, FL, an increase of 223.08% compared to 2025. With more homes on the market than are selling each month, buyers may find more options and room to negotiate. The median asking price is $938,905 (up 297.21% year-over-year), and the average price per square foot is $211 compared to $191 in 2025. Properties spend an average of 215 days on the market before going under contract.
