Fanning Bayou
Homes for Sale in Panama City, FL
All 258 homes for sale in Panama City, FL · median $349,600 · 124 homes for sale in 32401 · 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, Fanning Bayou in Panama City, FL has 12 homes for sale, asking from $310,000 to $949,000 (median $522,500). Over the 12 months ending 2026-09-20, 11 recorded sales closed at a median of $512,000, a median 76 days on market, sellers accepting 93% of original asking (+12% versus the prior year). Homes listed or recently sold were built 2017–2021; 12 of 12 report an HOA (median $144/mo); 10 of the 10 geocoded homes sit in a FEMA special flood hazard zone (median elevation 10 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $6,290 ($5,800 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32401, 32409 |
|---|---|
| Homes in the community | 129 (FL DOR 2025 assessment roll) |
| Years built | 2018–2021 (median 2019) |
| Typical living area | 2,655 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 100% |
| Sale prices, last 12 months | $512,000 median across 11 closed sales · +12.5% vs the prior 12 months |
| Days on market (closed sales) | 76 median |
| For sale right now | 11 active, 0 pending · median asking $535,000 |
| Owner-occupied (homestead) share | 83% |
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, “Fanning Bayou key facts,” movewithmomentum.com/neighborhoods/fanning-bayou, data as of September 20, 2026.
Last 30 days in Fanning Bayou: 2 new listings (median asking $485,000). 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 Fanning Bayou
Live MLS inventory for Fanning Bayou. 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 Fanning Bayou 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.
Fanning Bayou's pricing is being driven by construction age more than anything else. With a median year built of 2019 inside a range that stretches back to 1971, the newer inventory is setting the tone, and the median price of $493,500 reflects that newer-construction weighting rather than a broad, even market.
A median 103.5 days on market and a market heat score of 38 point to a slower-moving, more negotiable environment right now, even with year-over-year appreciation of 13.6%. That combination tells buyers there is room to negotiate on terms and timeline, while sellers should price with the current pace in mind rather than the appreciation headline alone.
Fanning Bayou right now
🟢 Still climbing. The trailing-12-month median ($512K) is up 12.5% from the prior 12 months ($455K).Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Medium (11 and 14 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
Fanning Bayou market snapshot (as of September 20, 2026): the median sale price is about $512K, and a median 76 days on market for closed sales. The trailing-12-month median is up 12% from the prior 12 months, computed from record-level CPAR MLS closed sales (11 closings in the current window).
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 11 qualified sales in Fanning Bayou across 2024–2025 (7 in 2024, 4 in 2025), median $440,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Flood zones in Fanning Bayou: of 10 listing addresses checked against the FEMA National Flood Hazard Layer, 90% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage; 10% are in a V-series coastal high-hazard zone. Individual parcels vary — verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City.
Fanning Bayou is a community of 129 homes in Panama City, Bay County, built between 2018 and 2021 (median 2019), with a median living area of about 2,655 square feet. 83% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Fanning Bayou in Panama City (Bay County) is a smaller, low-volume community of 236 homes where recent construction sets the market's character, with a median living area of 2,742 square feet pointing to larger floor plans as the norm.
The setting & the homes.
Aerial and on-site photos of Fanning Bayou. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Fanning BayouPhotos from CPAR MLS listings in Fanning Bayou; content deemed reliable but not guaranteed.
Who Fanning Bayou is best for.
Best for
- Buyers prioritizing larger square footage and newer construction over community amenities
- Buyers comfortable with a longer, more patient purchase timeline in a lower-volume market
- Sellers with a newer-built home who can price to current, condition-driven demand
Probably not for
- Buyers who want on-site community amenities as part of the purchase
- Sellers needing a fast sale, given the market's current 103.5-day median time on market
- Buyers seeking a large, high-volume inventory pool to compare options within one community
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 ($512K) IS the median in the snapshot above, and the move from 2025 ($455K) IS the +12.5% one-year change.
Windows contain 3 to 71 sales each (11 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.
0% of homes for sale in Fanning Bayou 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 (2026-09-27).
Fanning Bayou Market Scorecard
Fanning Bayou is currently a balanced market., a median asking price of $535,000, and homes go under contract in about 92 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 Fanning Bayou, 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.
Fanning Bayou 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 Fanning Bayou buying strategy.
If we were buying in Fanning Bayou 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 Fanning Bayou.
A community built on newer stock
The year-built range in Fanning Bayou runs from 1971 to 2022, but the median year built of 2019 shows the bulk of activity is concentrated in newer homes. That skews the market toward condition-driven pricing: a handful of older homes sit alongside a larger share of recently built product, and the price a buyer pays will track construction age and finish level closely.
At 236 homes total and a 10-listing closing window in this snapshot, Fanning Bayou is a lower-volume market compared to larger subdivisions in the area. A homestead share of 81.9% suggests most homes here are owner-occupied rather than held as investment or secondary property, which tends to support steadier day-to-day upkeep across the community even without a formal amenity package — current MLS listings show no identified community amenities.
The location and the amenities are priced into every listing in Fanning Bayou. 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 Fanning Bayou 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 (7.7). Basis: Recent Direction +12.5% year-over-year; Owner Commitment 83% owner-occupied; Pricing Power 93.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a lower-volume market like Fanning Bayou, pricing accurately means reading a thin data set correctly — knowing which comps reflect the newer-construction majority and which are the exceptions. We pull that apart line by line so sellers price to the real market and buyers know exactly what a given home's age and condition should mean for the number.
Fanning Bayou in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $144/month (about $1,728/yr) · median of 177 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $144 per month ($1,728 a year) — the median AssociationFee across 177 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
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 Fanning Bayou 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 Fanning Bayou sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Fanning Bayou, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Fanning Bayou home worth?
Get a no-obligation home value based on real comparable sales in Fanning Bayou, 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 Fanning Bayou
Homes in Fanning Bayou 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.
- 100 Talbot Street · off market
- 106 Merrion Road · off market
- 136 Merrion Road · off market
Frequently Asked Questions
What is the median home price in Fanning Bayou?
How long do homes in Fanning Bayou take to sell?
How many homes are in Fanning Bayou?
What share of Fanning Bayou is owner-occupied?
When were the homes in Fanning Bayou built?
Who is the best real estate agent for Fanning Bayou?
How do I find a top Panama City real estate agent who knows Fanning Bayou?
Can Momentum Realty connect me with an agent for Fanning Bayou?
Where is Fanning Bayou, and what county is it in?
Is Fanning Bayou a good place to live?
Should you buy in Fanning Bayou?
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 (3 streets, ZIP 32401/32409)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2015 (352 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 Fanning Bayou fits the bigger picture — live prices, inventory, and Momentum Scores:
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Explore more neighborhoods near Fanning Bayou with Momentum Realty’s local guides.