East Bay Park
Homes for Sale in Panama City, FL

East Bay Park market snapshot (as of September 20, 2026): the median sale price is about $346K, and a median 50 days on market for closed sales. The trailing-12-month median is up 16% from the prior 12 months and up 104% since 2012, computed from record-level CPAR MLS closed sales (11 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.

CPAR sales records identify 18 homes in East Bay Park that have changed hands since 2016, built between 1941 and 2026 (median 1985), with a median living area of about 1,848 sq ft and a typical 3-bedroom, 2-bath layout. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Flood zones in East Bay Park: of 8 listing addresses checked against the FEMA National Flood Hazard Layer, 25% sit outside the FEMA Special Flood Hazard Area (Zone X); 75% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage. Individual parcels vary — verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City.

East Bay Park is a sizable, established Panama City pocket of roughly 811 homes where the mix of old and new construction means two houses on the same street can sit at very different price points. Just over half of the homes carry a homestead exemption, a sign of an owner-occupied core rather than a pure investor churn.

The defining feature here is age spread: homes built as far back as 1900 sit alongside construction as recent as 2024. With a median living area around 1,821 square feet, this is mid-sized housing stock, but the century of build years means no two comps are truly interchangeable. Read each listing on its own merits — mechanicals, roof, and updates matter more than neighborhood-wide averages.

No community amenities surfaced in current MLS listings, so value here comes from the home and the location rather than shared facilities. That keeps the buying decision squarely on the asset itself. A market heat score of 57 places this as a moderately competitive area — active, but not so hot that due diligence gets skipped.

In a market this condition-sensitive, the median tells you almost nothing about the house in front of you. We price and negotiate off the actual asset — vintage, updates, and how a given listing stacks against genuinely comparable sales — so you are not overpaying for a project or underselling a home that has already done the work.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.