Sherwood
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, Sherwood in Panama City, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 6 recorded sales closed at a median of $216,500, a median 47 days on market, sellers accepting 90% of original asking (-4% versus the prior year). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $2,660 ($2,170 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32401, 32404, 32405 |
|---|---|
| Sale prices, last 12 months | $216,500 median across 6 closed sales · -3.8% vs the prior 12 months |
| Days on market (closed sales) | 47 median |
| For sale right now | 2 active, 1 pending · median asking $217,500 |
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, “Sherwood key facts,” movewithmomentum.com/neighborhoods/sherwood--bay, data as of September 20, 2026.
Sherwood's pricing is set by age and condition more than anything else. With a median year built of 1970 and stock spanning 1938 to 2023, the same square footage can show up in very different mechanical and cosmetic shape, and buyers are pricing that in accordingly. The median sits at $205,000, which reflects an older, smaller-footprint market rather than a premium one.
A median days-on-market of 47 and a year-over-year change of -10.9% point to a market that has softened and is taking longer to clear. With a market heat score of 23, this is not a competitive, multiple-offer environment right now — sellers should expect negotiation room, and buyers have time to do real diligence before committing.
Sherwood right now
🟡 Off the recent peak. The trailing-12-month median ($216K) is down 3.8% from the prior 12 months ($225K). With about 7 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 (6 and 6 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
Sherwood market snapshot (as of September 20, 2026): the median sale price is about $216K, and a median 47 days on market for closed sales. The trailing-12-month median is down 4% from the prior 12 months, computed from record-level CPAR MLS closed sales (6 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.
CPAR sales records identify 6 homes in Sherwood that have changed hands since 2005, built between 1959 and 1971 (median 1960), with a median living area of about 1,216 sq ft and a typical 3-bedroom, 1-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.
Sherwood in Panama City is an established, small-footprint community where the housing stock spans over eight decades, and current pricing and pace reflect a market that has cooled rather than tightened.
Who Sherwood is best for.
Best for
- A buyer prioritizing a lower purchase price over new construction or amenities.
- Someone comfortable evaluating an older home's condition and budgeting for updates.
- A buyer with flexibility on timeline who can use a slower market to negotiate.
Probably not for
- Anyone requiring community amenities as part of the purchase decision.
- A buyer wanting move-in-ready new construction with minimal condition variance.
- Someone expecting a fast-moving, competitive-offer environment.
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 ($216K) IS the median in the snapshot above, and the move from 2025 ($225K) IS the -3.8% one-year change.
Windows contain 1 to 13 sales each (6 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.
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 (2026-09-27).
Sherwood Market Scorecard
Sherwood is currently a balanced market., a median asking price of $217,500, and homes go under contract in about 608 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 Sherwood, 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 Sherwood
Live MLS inventory for Sherwood. 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 Sherwood 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 Sherwood Bay Right Now (2)
All 2 active and pending Sherwood Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 3014 W 21st Court, Panama City, Fl 32405 · $240,000 · 3 bd / 1 ba · listed Jul 19, 2026 · listed by EXP Realty LLC
- 3101 W 21st Court, Panama City, Fl 32405 · $195,000 · 3 bd / 1 ba · listed Jun 27, 2026 · listed by Quora Realty
The Sherwood buying strategy.
If we were buying in Sherwood 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 Sherwood.
An older stock, priced for it
With 567 homes tracked and a median living area of 1,442 square feet, Sherwood skews toward modest, efficient floor plans rather than larger new construction. The wide year-built spread — 1938 through 2023 — means condition and updates will vary block to block and even house to house, so a walk-through matters more here than the median alone can tell you.
The homestead share of 57.2% suggests a meaningful portion of the community is owner-occupied under Florida's homestead exemption, which is worth understanding at closing since it can affect assessed value carryover for a buyer. No community amenities are identified from current MLS listings, so this is a market to evaluate on the home and lot themselves, not on shared recreational features.
The location and the amenities are priced into every listing in Sherwood. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market with a 47-day median time on market and a heat score of 23, pricing a listing correctly and vetting a purchase carefully both take more judgment than they would in a fast-moving segment. We track Sherwood's actual closings rather than guessing, and we will tell you plainly whether a given house is priced to the current pace or optimistic against it.
Sherwood 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 Sherwood 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 Sherwood sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Sherwood, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Sherwood home worth?
Get a no-obligation home value based on real comparable sales in Sherwood, 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 Sherwood
Homes in Sherwood 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.
- 3001 W 21st Court A · off market
- 3106 W 21st Court · off market
- 3111 W 22nd Street · off market
Frequently Asked Questions
What is the median home price in Sherwood?
How long do homes in Sherwood take to sell?
Who is the best real estate agent for Sherwood?
How do I find a top Panama City real estate agent who knows Sherwood?
Can Momentum Realty connect me with an agent for Sherwood?
Where is Sherwood, and what county is it in?
Should you buy in Sherwood?
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 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (95 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 →
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See how Sherwood fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Sherwood with Momentum Realty’s local guides.