In October 2026, the median home sale price in Panama City, FL was $259,999, with homes selling in an average of 50 days — slower than the 44-day average last year, suggesting buyers have more negotiating room. A total of 23 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 $245,000 in October 2026, compared to $172,500 in October 2025.
Panama City, FL Market Trend for Houses
Median List Price
The median list price of houses in Panama City, FL, was $298,500 in October 2026, compared to $259,999 in October 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 $366,450 in October 2026, compared to $0 in October 2025.
Panama City, FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Panama City, FL, was $107,500 in October 2026, compared to $75,000 in October 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 October 2026, compared to $0 in October 2025.
Panama City, FL Housing Market Analysis
There are currently 30 homes listed for sale in Panama City, FL, an increase of 87.50% 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 $1,188,693 (up 425.29% year-over-year), and the average price per square foot is $218 compared to $173 in 2025. Properties spend an average of 299 days on the market before going under contract.
