Azalea Place
Homes for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 120 homes for sale in 32401 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-09-20, 8 recorded sales closed at a median of $352,500, a median 50 days on market, sellers accepting 96% of original asking. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $4,330 ($3,840 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32401, 32404, 32405, 32444 |
|---|---|
| Homes in the community | 124 (FL DOR 2025 assessment roll) |
| Years built | 1940–2022 (median 2008) |
| Typical living area | 2,130 sq ft (median) |
| Sale prices, last 12 months | $352,500 median across 8 closed sales |
| Days on market (closed sales) | 50 median |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 79% |
Data as of September 20, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Azalea Place key facts,” movewithmomentum.com/neighborhoods/azalea-place, data as of September 20, 2026.
Azalea Place is showing a median price of $345,000 with a median time on market of just under a month, but the sample behind those numbers is thin — only four closings in the current window. That means the figures are directional, not definitive. One or two unusual sales can move the median more than they would in a community with deeper volume.
With no community amenities identified from current MLS listings, whatever premium or discount you see in pricing is coming from the homes themselves — lot, condition, size, updates — rather than a shared feature set. For sellers, that puts the burden on presentation and comparables. For buyers, it means less standardization and more homework on each specific listing.
Nearby homes for sale
No active listings inside Azalea PlaceHomes for Sale in Panama City, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Azalea Place market snapshot (as of September 20, 2026): the median sale price is about $352K, and a median 50 days on market for closed sales.
In ZIP 32401 (Panama City), 337 homes closed in the last 12 months at a median of $307K, up 0.5% year over year, with a median 62 days on market. Right now 166 active and 29 pending listings — a buyer's market. See the live ZIP 32401 housing market and the Bay County market.
County records show 8 qualified sales in Azalea Place across 2024–2025 (5 in 2024, 3 in 2025), median $362,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Azalea Place is a community of 124 homes in Panama City, Bay County, built between 1940 and 2022 (median 2008), with a median living area of about 2,130 square feet. 79% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Azalea Place sits in Panama City within Bay County, and values here have climbed roughly 60% since 2012 — a long-run trend, not a recent spike, and one that has played out with limited transaction volume.
Who Azalea Place is best for.
Best for
- Buyers targeting a purchase near the current median price who are comfortable evaluating each home on its own merits rather than a community amenity package.
- Sellers with a well-maintained, updated property who want pricing based on close, current comparables rather than a broad market average.
- Buyers or investors who track long-term value trends and are less concerned with month-to-month market noise.
Probably not for
- Buyers who want a community built around shared recreational amenities — none are currently listed for this community.
- Buyers who need a large pool of recent comparable sales to feel confident in a valuation.
- Sellers expecting a quick, high-volume bidding environment based on the appreciation figure alone.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($352K) IS the median in the snapshot above.
Windows contain 1 to 12 sales each (8 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
15% of homes for sale in ZIP 32401 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
Azalea Place Market Scorecard
Azalea Place is currently a balanced market..
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: CPAR MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Azalea Place, Panama City
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The Azalea Place buying strategy.
If we were buying in Azalea Place today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Azalea Place.
A thin-data market with a long memory
The 60% appreciation figure since 2012 tells you this is a community that has held and built value over a long stretch, but it is not a signal about current-year momentum on its own. With only four closings feeding the present snapshot, month-to-month swings in median price or days on market should be read with some skepticism until more sales accumulate.
A median 28-day time on market suggests homes that are priced correctly are moving in a normal window, not sitting or flying off instantly. Because no community amenities show up in current listings, buyers should not assume a clubhouse, pool, or shared recreation exists — verify directly against the specific listing rather than the community name.
The location and the amenities are priced into every listing in Azalea Place. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Azalea Place buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (7.0). Basis: Long-Term Appreciation +62% since 2012; Owner Commitment 79% owner-occupied; Pricing Power 96.5% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a low-volume market like Azalea Place, the median price and days-on-market figures can be misleading if you don't know what's behind them. We pull the actual comparable sales, not just the headline stats, so you're pricing or offering against real precedent rather than a thin average.
Azalea Place in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Azalea Place buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Azalea Place sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Azalea Place, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Azalea Place home worth?
Get a no-obligation home value based on real comparable sales in Azalea Place, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Panama City →
Recently off market in Azalea Place
Homes in Azalea Place that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 3608 Azalea Court · off market
- 3617 Azalea Court · off market
Frequently Asked Questions
What is the median home price in Azalea Place?
How long do homes in Azalea Place take to sell?
How many homes are in Azalea Place?
What share of Azalea Place is owner-occupied?
When were the homes in Azalea Place built?
Have Azalea Place home prices gone up?
Who is the best real estate agent for Azalea Place?
How do I find a top Panama City real estate agent who knows Azalea Place?
Can Momentum Realty connect me with an agent for Azalea Place?
Where is Azalea Place, and what county is it in?
Is Azalea Place a good place to live?
Should you buy in Azalea Place?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: September 17, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32401/32404/32405/32444)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (97 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of CPAR MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the CPAR MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
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See how Azalea Place fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Azalea Place
- Home values · What homes in Azalea Place actually sell for
Nearby Communities
Explore more neighborhoods near Azalea Place with Momentum Realty’s local guides.