Panama City, FL metro area Housing Market
Cold MarketComprehensive housing market data for the Panama City, FL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$365K
– 0.0% YoY
Days on Market
84 days
↓ 10.6% YoY
Active Inventory
2,879
↓ 5.4% YoY
Homes Sold
468
↑ 22.5% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Panama City, FL metro area Market Summary
The Panama City, FL metro area housing market is cooling down. As of March 2026, the median home sale price is $365K, down 0.0% year-over-year. Homes are spending a median of 84 days on the market, 10.6% shorter than a year ago.
There are 2,879 homes for sale — 5.4% fewer than last year. With 6.2 months of supply, this is a buyer's market. 804 new listings were added during this period, up 3.5% year-over-year.
Homes are selling for 96.6% of their list price on average, suggesting room for negotiation. 8.6% of homes sell above their asking price. 28.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
93
Contributing Factors
How This Market Compares
vs. National Median
vs. Florida Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 16% below the national median, which could indicate stronger cash flow potential.
Panama City, FL metro area Market Trends
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Detailed Market Metrics
Median List Price
$388K
Price per Sq Ft
$225
Sale-to-List Ratio
96.6%
Months of Supply
6.2
Sold Above List
8.6%
Price Drops
28.5%
New Listings
804
↑ 3.5% YoY
Pending Sales
563
Off Market in 2 Weeks
20.1%
Other Markets in Florida
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$410K · 59d on market
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West Palm Beach, FL metro area
$515K · 86d on market
Jacksonville, FL metro area
$371K · 76d on market
Miami, FL metro area
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Cape Coral, FL metro area
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Fort Lauderdale, FL metro area
$457K · 92d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.