Summerhouse
Condos for Sale in Panama City, FL

Summerhouse Condo market snapshot (as of September 20, 2026): the median sale price is about $427K, and a median 277 days on market for closed sales. The trailing-12-month median is up 26% from the prior 12 months and up 141% since 2012, computed from record-level CPAR MLS closed sales (6 closings in the current window).

In ZIP 32408 (Panama City), 1,792 homes closed in the last 12 months at a median of $400K, down 0.6% year over year, with a median 75 days on market. Right now 1,195 active and 202 pending listings — a buyer's market. See the live ZIP 32408 housing market and the Bay County market.

CPAR sales records identify 10 homes in Summerhouse Condo that have changed hands since 2016, built between 1984 and 1987 (median 1985), with a median living area of about 1,015 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Summerhouse is a condominium community in Panama City where a thin volume of recent sales and a long typical time on market mean pricing here should be read case-by-case rather than off a single headline number.

The since-2012 change of 144% shows this community has appreciated substantially over a long horizon, but that stat spans more than a decade of separate market cycles and says nothing about next quarter. The more useful near-term signals are the 323-day median time on market and the heat score of 38 — both point to a market where units sit, buyers take their time, and sellers who need speed will likely need to lead on price or condition.

No community amenities are currently identified in the MLS listings for Summerhouse, which means value here is being driven primarily by the unit itself — condition, floor plan, view, and any recent updates — rather than a shared amenity package. Anyone comparing Summerhouse to a nearby condo community with a documented amenity set should weigh that difference directly into their offer.

With only five recent closings feeding the median, generic online estimates are especially unreliable at Summerhouse. We pull the actual comparable sales, check them against current condition and listing history, and tell you plainly whether a given unit is priced to the thin data set or ahead of it.

Listings in this community report association dues of about $1,215 per month ($14,580 a year) — the median AssociationFee across 112 MLS records, normalised to a monthly figure; most are billed monthly. 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.