Forest Park Estates
Homes for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 114 homes for sale in 32405 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Forest Park Estates in Panama City, FL has 1 home for sale. Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $375,000, a median 2 days on market, sellers accepting 95% of original asking. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $4,600 ($4,120 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32405 |
|---|---|
| Homes in the community | 71 (FL DOR 2025 assessment roll) |
| Years built | 1979–2009 (median 1983) |
| Typical living area | 2,681 sq ft (median) |
| Sale prices, last 12 months | $375,000 median across 3 closed sales |
| Days on market (closed sales) | 2 median |
| For sale right now | 1 active, 0 pending · median asking $647,000 |
| Owner-occupied (homestead) share | 76% |
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, “Forest Park Estates key facts,” movewithmomentum.com/neighborhoods/forest-park-estates, data as of September 20, 2026.
Forest Park Estates is a small, established pocket of Panama City with a construction span running from 1979 to 2009 and a median build year of 1983 — this is a resale market, not a new-construction corridor, and the homes reflect decades of individual updates rather than a single builder's spec. With a median living area around 2,681 square feet, the lots here skew larger than typical infill product, which is a bigger driver of price than any single finish or feature.
The current read is a market moving fast: median days on market sits at just about 3.5, and the year-over-year change of 74.6% signals a meaningful shift in what's closing relative to the prior period. With only 71 homes in the community and a very shallow closings window of 4, pricing conclusions here should be treated as directional, not statistical — sellers should lean on comparable condition and size rather than assuming the median applies evenly across the neighborhood.
The 60-Second Overview
Forest Park Estates market snapshot (as of September 20, 2026): the median sale price is about $375K, and a median 2 days on market for closed sales.
In ZIP 32405 (Panama City), 697 homes closed in the last 12 months at a median of $280K, down 6.8% year over year, with a median 56 days on market. Right now 202 active and 86 pending listings — a balanced market. See the live ZIP 32405 housing market and the Bay County market.
County records show 6 qualified sales in Forest Park Estates across 2024–2025 (2 in 2024, 4 in 2025), median $375,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Forest Park Estates is a community of 71 homes in Panama City, Bay County, built between 1979 and 2009 (median 1983), with a median living area of about 2,681 square feet. 76% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Forest Park Estates is a low-turnover community of larger, older homes in Panama City, where a high owner-occupancy share (76.4%) points to longer hold periods and less speculative churn than markets with more investor or rental activity.
Who Forest Park Estates is best for.
Best for
- Buyers seeking a larger, older home with more living space than typical newer subdivisions offer
- Buyers comfortable evaluating a resale market where each home's condition varies by owner history
- Buyers who want a lower-turnover setting and are patient about limited listing inventory
Probably not for
- Buyers who want community amenities such as a pool, clubhouse, or shared recreation space
- Buyers who need a large pool of active comps to model price with precision
- Buyers focused specifically on new or near-new construction
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 ($375K) IS the median in the snapshot above.
Windows contain 0 to 7 sales each (3 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.
20% of homes for sale in ZIP 32405 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 (2026-09-30).
Forest Park Estates Market Scorecard
Forest Park Estates is currently a balanced market., a median asking price of $647,000, and homes go under contract in about 73 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 Forest Park Estates, 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.
Homes For Sale Right Now in Forest Park Estates
Live MLS inventory for Forest Park Estates. 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 Forest Park Estates listings as of 2026-10-01, 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 Forest Park Estates Right Now (1)
All 1 active and pending Forest Park Estates listings with a detail page, newest first, refreshed twice a day from the MLS.
- 308 Cascade Street, Panama City, Fl 32405 · $647,000 · 4 bd / 3 ba · listed Jul 17, 2026 · listed by Beachy Beach Real Estate
The Forest Park Estates buying strategy.
If we were buying in Forest Park Estates 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 Forest Park Estates.
A small, slow-turnover market moving fast right now
The defining structural fact about Forest Park Estates is its size: 71 homes total, with a homestead share of 76.4%. That combination usually means fewer listings hit the market in any given stretch, and when they do, pricing can swing based on the condition and size of whatever happens to be available rather than a broad, liquid trend. The median price of $419,000 should be read as a snapshot of a thin sample, not a stable band.
The build era — mostly early 1980s, with some homes built as late as 2009 — means buyers will find a mix of original systems and renovated interiors under one roof type. That spread in condition, combined with the larger median square footage, is likely doing more to set price than any amenity package; the current MLS data shows no identified community amenities, so value here is coming from the structure and the lot, not from a clubhouse or shared facility.
The location and the amenities are priced into every listing in Forest Park Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community this small — 71 homes, a 4-listing closings window, and days-on-market near 3.5 — the difference between a well-priced offer and an overreach comes down to reading a thin data set correctly. We track what is actually closing here in real time so you are not pricing off a stale or overly broad comp.
Forest Park Estates 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 Forest Park Estates 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 Forest Park Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Forest Park Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Forest Park Estates home worth?
Get a no-obligation home value based on real comparable sales in Forest Park Estates, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Forest Park Estates?
How long do homes in Forest Park Estates take to sell?
How many homes are in Forest Park Estates?
What share of Forest Park Estates is owner-occupied?
When were the homes in Forest Park Estates built?
Who is the best real estate agent for Forest Park Estates?
How do I find a top Panama City real estate agent who knows Forest Park Estates?
Can Momentum Realty connect me with an agent for Forest Park Estates?
Where is Forest Park Estates, and what county is it in?
Should you buy in Forest Park Estates?
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: October 1, 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 32405)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (46 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 Forest Park Estates fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Forest Park Estates
- Home values · What homes in Forest Park Estates actually sell for
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