In September 2026, the median home sale price in Panama City, FL was $259,999, with homes selling in an average of 51 days — slower than the 44-day average last year, suggesting buyers have more negotiating room. A total of 21 homes sold in this period, up from 19 last year — a sign of an active market.
The median list price of Panama City, FL, was $205,000 in September 2026, compared to $172,500 in September 2025.
Panama City, FL Market Trend for Houses
Median List Price
The median list price of houses in Panama City, FL, was $242,475 in September 2026, compared to $312,500 in September 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 $371,450 in September 2026, compared to $0 in September 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 September 2026, compared to $86,000 in September 2025.
Panama City, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Panama City, FL, was $3,511,875 in September 2026, compared to $0 in September 2025.
Panama City, FL Housing Market Analysis
There are currently 31 homes listed for sale in Panama City, FL, an increase of 121.43% 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 $1,126,923 (up 378.71% year-over-year), and the average price per square foot is $218 compared to $191 in 2025. Properties spend an average of 282 days on the market before going under contract.
