Cherokee Heights
Homes for Sale in Panama City, FL
All 258 homes for sale in Panama City, FL · median $349,600 · 299 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of September 2026, Cherokee Heights in Panama City, FL has 4 homes for sale, asking from $319,000 to $579,000 (median $407,450). Over the 12 months ending 2026-09-20, 8 recorded sales closed at a median of $314,500, a median 45 days on market, sellers accepting 97% of original asking (+3% versus the prior year). Homes listed or recently sold were built 2006–2022. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,860 ($3,380 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32404 |
|---|---|
| Homes in the community | 126 (FL DOR 2025 assessment roll) |
| Years built | 1961–2022 (median 2005.0) |
| Typical living area | 1,944 sq ft (median) |
| Sale prices, last 12 months | $314,500 median across 8 closed sales · +2.7% vs the prior 12 months |
| Days on market (closed sales) | 45 median |
| For sale right now | 3 active, 0 pending · median asking $419,900 |
| Owner-occupied (homestead) share | 74% |
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, “Cherokee Heights key facts,” movewithmomentum.com/neighborhoods/cherokee-heights, data as of September 20, 2026.
Last 30 days in Cherokee Heights: 2 new listings (median asking $357,000). As of September 26, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Cherokee Heights
Live MLS inventory for Cherokee Heights. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Cherokee Heights listings as of 2026-09-26, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in Cherokee Heights Right Now (4)
All 4 active and pending Cherokee Heights listings with a detail page, newest first, refreshed twice a day from the MLS.
- 5423 Frank Hough Road, Panama City, Fl 32404 · $395,000 · 4 bd / 3 ba · listed Sep 22, 2026 · listed by Real Broker LLC
- 4922 Mccall Lane, Panama City, Fl 32404 · $319,000 · 4 bd / 2 ba · listed Sep 16, 2026 · listed by Keller Williams Success Realty
- 5007 Pretty Way, Panama City, Fl 32404 · $579,000 · 5 bd / 4 ba · listed Jun 27, 2026 · listed by Counts Real Estate Group Inc
- 5005 Maggie Lane, Panama City, Fl 32404 · $419,900 · 3 bd / 2 ba · listed Jun 27, 2026 · listed by BeMajor Gulf Coast Realty LLC
Cherokee Heights prices around a median of $309,250, and the story behind that number is age and condition spread rather than location premium. With homes dating from 1961 to 2022 and a median build year of 2006, buyers are shopping two different eras of construction under one neighborhood name, and that gap does more to move price than square footage does.
A median 26 days on market and a market heat score of 51 point to a balanced posture, not a bidding-war environment. Fourteen closings in the current window on a base of 384 homes is a moderate, steady pace. Year-over-year price movement of 0.9% is essentially flat, which tells sellers to price on comps, not momentum, and tells buyers there is little urgency premium built into current asks.
Cherokee Heights right now
🟡 Still climbing. The trailing-12-month median ($314K) is up 2.7% from the prior 12 months ($306K) and up 77% since 2012. With about 26 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Medium (8 and 16 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Cherokee Heights market snapshot (as of September 20, 2026): the median sale price is about $314K, and a median 46 days on market for closed sales. The trailing-12-month median is up 3% from the prior 12 months and up 77% since 2012, computed from record-level CPAR MLS closed sales (8 closings in the current window).
In ZIP 32404 (Panama City), 1,060 homes closed in the last 12 months at a median of $290K, down 3.3% year over year, with a median 58 days on market. Right now 391 active and 146 pending listings — a balanced market. See the live ZIP 32404 housing market and the Bay County market.
County records show 8 qualified sales in Cherokee Heights across 2024–2025 (6 in 2024, 2 in 2025), median $303,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Cherokee Heights is a community of 126 homes in Panama City, Bay County, built between 1961 and 2022 (median 2005.0), with a median living area of about 1,944 square feet. 74% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Cherokee Heights is an established Panama City neighborhood in Bay County where home vintage varies more than typical for a single community, and pricing reflects that condition spread more than any single market trend.
The setting & the homes.
Aerial and on-site photos of Cherokee Heights. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Cherokee Heights
Cherokee Heights
Cherokee Heights
Cherokee HeightsPhotos from CPAR MLS listings in Cherokee Heights; content deemed reliable but not guaranteed.
Who Cherokee Heights is best for.
Best for
- Buyers targeting a mid-$300s budget who want roughly 2,000 square feet of living space
- Buyers willing to compare build years house-by-house rather than assuming neighborhood-wide consistency
- Long-term holders comfortable with a steady, non-speculative pace of appreciation
Probably not for
- Buyers who want guaranteed new construction throughout the neighborhood
- Investors seeking a rental-dominant pipeline, given the 73.7% homestead share
- Buyers expecting listed community amenities, since none are currently identified from MLS data
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 ($314K) IS the median in the snapshot above, and the move from 2025 ($306K) IS the +2.7% one-year change.
Windows contain 7 to 45 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.
29% of homes for sale in ZIP 32404 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 (2026-09-26).
Cherokee Heights Market Scorecard
Cherokee Heights is currently a balanced market., a median asking price of $419,900, and homes go under contract in about 234 days.
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 Cherokee Heights, 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.
Cherokee Heights on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap, tiles © CARTO.
The Cherokee Heights buying strategy.
If we were buying in Cherokee Heights 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 Cherokee Heights.
A Neighborhood Defined by Build Year
The single most useful fact for anyone evaluating Cherokee Heights is the year-built range: 1961 to 2022. That is a six-decade spread inside one neighborhood, and it means two houses at the same median price of $309,250 can represent very different levels of updating, systems age, and layout. The median build year of 2006 suggests the bulk of inventory skews newer than the range implies, but older homes are still part of the mix and worth extra scrutiny on mechanicals.
Median living space of just over 2,000 square feet is a solid, family-scaled footprint without being oversized, and it holds fairly consistent across the neighborhood regardless of vintage. The homestead share of 73.7% indicates a high proportion of owner-occupied, primary-residence households rather than a rental-heavy or investor-heavy mix, which tends to support steadier upkeep and more predictable resale comparables over time. Long-term appreciation of 74% since 2012 shows the neighborhood has built value over a full cycle, even though the most recent year has been flat.
The location and the amenities are priced into every listing in Cherokee Heights. 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 Cherokee Heights 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 4 factors (7.1). Basis: Long-Term Appreciation +77% since 2012; Recent Direction +2.7% year-over-year; Owner Commitment 74% owner-occupied; Pricing Power 97.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a neighborhood spanning six decades of construction, knowing which specific streets and vintages are trading at or above the $309,250 median versus below it is the difference between a fair deal and an overpay. We track those blocks and build years directly against current CPAR closings so you are pricing the actual house in front of you, not the neighborhood average.
Cherokee Heights 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 Cherokee Heights 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 Cherokee Heights sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Cherokee Heights, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Cherokee Heights home worth?
Get a no-obligation home value based on real comparable sales in Cherokee Heights, 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 Cherokee Heights
Homes in Cherokee Heights 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. 3 on record.
- 5407 Blue Dog Road · off market
- 5418 Blue Dog Road · off market
- 5505 Merritt Brown Road · off market
Frequently Asked Questions
What is the median home price in Cherokee Heights?
How long do homes in Cherokee Heights take to sell?
How many homes are in Cherokee Heights?
What share of Cherokee Heights is owner-occupied?
When were the homes in Cherokee Heights built?
Have Cherokee Heights home prices gone up?
Who is the best real estate agent for Cherokee Heights?
How do I find a top Panama City real estate agent who knows Cherokee Heights?
Can Momentum Realty connect me with an agent for Cherokee Heights?
Where is Cherokee Heights, and what county is it in?
Is Cherokee Heights a good place to live?
Should you buy in Cherokee Heights?
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 26, 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 (2 streets, ZIP 32404)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (388 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.
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See how Cherokee Heights fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
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