Rachels Landing
Homes for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 302 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Rachels Landing in Panama City, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $320,000, a median 22 days on market, sellers accepting 94% of original asking. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,930 ($3,440 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32404 |
|---|---|
| Sale prices, last 12 months | $320,000 median across 3 closed sales |
| Days on market (closed sales) | 22 median |
| For sale right now | 2 active, 0 pending · median asking $362,400 |
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. Market figures describe homes, not residents. Cite as: Momentum Realty, “Rachels Landing key facts,” movewithmomentum.com/neighborhoods/rachels-landing, data as of September 20, 2026.
Last 30 days in Rachels Landing: 1 new listing (median asking $384,900). As of October 2, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Rachels Landing is a small pool of 86 homes with a wide build spread, from 1975 up through 2024, but the center of gravity sits at a 2012 median year built. That mix means condition and construction era do most of the work on price here, not lot or view premiums — a 2020s build and a 1970s original will not compete on the same terms even if they're the same square footage.
With 63.3% of homes carrying a homestead exemption, this is a community weighted toward owner-occupants rather than a rotating rental or investor pool. That tends to mean less inventory turnover and listings that reflect longer hold periods, so buyers should expect to negotiate on updates and age rather than assume a uniform, recently-renovated stock.
The 60-Second Overview
Rachels Landing market snapshot (as of September 20, 2026): the median sale price is about $320K, and a median 22 days on market for closed sales.
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.
Rachels Landing in Panama City (Bay County) is a modest-sized community of 86 homes spanning nearly five decades of construction, anchored by a median build year of 2012 and a median living area of 1,959 square feet.
Who Rachels Landing is best for.
Best for
- Buyers prioritizing a specific home's condition and layout over community perks
- Buyers comfortable evaluating a range of build years within one small pool of listings
- Buyers who prefer a community with a higher share of owner-occupied homes
Probably not for
- Buyers who want clubhouse, pool, or gated amenities as part of the purchase
- Buyers seeking a uniform, single-era construction style throughout the community
- Buyers who want a large, deep inventory pool to choose from at any given time
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 ($320K) 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.
24% 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 (2026-10-02).
Rachels Landing Market Scorecard
Rachels Landing is currently a balanced market., a median asking price of $362,400, and homes go under contract in about 13 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 Rachels Landing, 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 Rachels Landing
Live MLS inventory for Rachels Landing. 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 Rachels Landing 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 Rachels Landing Right Now (1)
All 1 active and pending Rachels Landing listings with a detail page, newest first, refreshed twice a day from the MLS.
- 7314 Rachel Way, Panama City, Fl 32404 · $384,900 · 3 bd / 3 ba · listed Sep 5, 2026 · listed by CENTURY 21 Commander Realty
The Rachels Landing buying strategy.
If we were buying in Rachels Landing 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 Rachels Landing.
A community defined by build era, not amenities
The build-year range here — 1975 to 2024 — is the single biggest variable a buyer needs to plan around. A near-2024 home and a 1970s-era home sitting in the same community will differ substantially in systems, layout, and expected near-term maintenance, even before finishes are considered. The median year built of 2012 suggests the bulk of the inventory sits in a newer-construction-adjacent band, but the tails matter in a pool this size.
No community amenities are identified from current MLS listings, so this is not a location to evaluate on clubhouse, pool, or gate access — it should be judged on the home itself, the lot, and proximity to whatever a buyer needs day to day. At 86 homes total, inventory moves in small numbers, and a single listing entering or leaving the market can shift what's available meaningfully.
The location and the amenities are priced into every listing in Rachels Landing. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community this size, with homes ranging across five decades of construction, knowing which listing is a 2020s build and which is a 1970s original before you tour saves real time. We track Rachels Landing at the listing level so we can tell you what you're actually looking at — age, condition, and how a given home stacks up against the community's median footprint — rather than relying on a headline price.
Rachels Landing 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 Rachels Landing 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 Rachels Landing sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Rachels Landing, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Rachels Landing home worth?
Get a no-obligation home value based on real comparable sales in Rachels Landing, 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 Rachels Landing
Homes in Rachels Landing 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. 1 on record.
- 6922 Bayou George Drive · off market
Frequently Asked Questions
What is the median home price in Rachels Landing?
How long do homes in Rachels Landing take to sell?
Have Rachels Landing home prices gone up?
Who is the best real estate agent for Rachels Landing?
How do I find a top Panama City real estate agent who knows Rachels Landing?
Can Momentum Realty connect me with an agent for Rachels Landing?
Where is Rachels Landing, and what county is it in?
Should you buy in Rachels Landing?
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 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (49 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 →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Rachels Landing fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Rachels Landing
- Home values · What homes in Rachels Landing actually sell for
Nearby Communities
Explore more neighborhoods near Rachels Landing with Momentum Realty’s local guides.