Sweetbay
Homes for Sale in Panama City, FL
All 253 homes for sale in Panama City, FL · median $349,900 · 117 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 October 2026, Sweetbay in Panama City, FL has 22 homes for sale and 7 pending, asking from $350,000 to $815,000 (median $540,000). Over the 12 months ending 2026-09-20, 70 recorded sales closed at a median of $534,523, a median 46 days on market, sellers accepting 98% of original asking (+12% versus the prior year). Homes listed or recently sold were built 2016–2026 with 10 new construction; 29 of 29 report an HOA (median $147/mo); 1 of the 29 geocoded homes sit in a FEMA special flood hazard zone (median elevation 12 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $6,560 ($6,080 with the full homestead exemption).
Last 30 days in Sweetbay: 7 new listings (median asking $564,113), 7 under contract right now. As of October 17, 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 Sweetbay
Live MLS inventory for Sweetbay. 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 Sweetbay listings as of 2026-10-17, 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.
Sweetbay is a newer-construction pocket in Panama City, and that shows up in the numbers. The median home was built in 2020 and runs about 2,436 square feet, so the median price near $556,460 is largely a function of newer product and size rather than any premium amenity package — none is identified in current MLS listings. Price here is driven by build year, square footage, and condition, and the spread will follow those factors closely.
Posture is moderate. A market heat score of 33 and a median of 39 days on market say this is not a frenzy — homes are moving, but buyers have room to think. The year-over-year figure of 23.8% is a strong pull, but with only 77 closings in the window it is a thinner dataset, so treat that number as directional, not a promise. Sellers should price to recent comparable closings, not to the headline change; buyers have negotiating room but should not expect to steal a well-priced newer home.
Sweetbay right now
🟢 Still climbing. The trailing-12-month median ($535K) is up 12.5% from the prior 12 months ($475K).Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Very High (70 and 67 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 18, 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
Sweetbay market snapshot (as of September 20, 2026): the median sale price is about $535K, and a median 46 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 (70 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 24 qualified sales in Sweetbay across 2024–2025 (22 in 2024, 2 in 2025), median $560,300 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Flood zones in Sweetbay: of 20 listing addresses checked against the FEMA National Flood Hazard Layer, 95% sit outside the FEMA Special Flood Hazard Area (Zone X); 5% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage. Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City.
Sweetbay is a community of 79 homes in Panama City, Bay County, built between 2017 and 2024 (median 2023.0), with a median living area of about 2,682 square feet. 64% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Sweetbay is a predominantly newer-build community in Panama City, with a housing stock spanning 1950 to 2024 but clustered heavily around 2020 construction, so what you tour will mostly be recent product at a livable median size.
The setting & the homes.
Aerial and on-site photos of Sweetbay. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Sweetbay
Sweetbay
Sweetbay
Sweetbay
Sweetbay
Sweetbay
Sweetbay
SweetbayPhotos from CPAR MLS listings in Sweetbay; content deemed reliable but not guaranteed.
Who Sweetbay is best for.
Best for
- Buyers targeting newer construction around the mid-$550s who value low near-term maintenance
- Buyers who want a mid-size home near 2,436 square feet and don't need shared amenities
- Purchasers comfortable with a moderate-heat market where there's room to negotiate on a well-priced home
Probably not for
- Buyers expecting resort-style or shared community amenities, none of which appear in current listings
- Anyone counting on the 23.8% year-over-year figure to repeat, given the thin closing window
- Buyers seeking older character homes as the norm rather than the exception
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 ($535K) IS the median in the snapshot above, and the move from 2025 ($475K) IS the +12.5% one-year change.
Windows contain 3 to 88 sales each (70 in the current window); every figure carries its sample size. 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.
24% of homes for sale in Sweetbay 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 (2026-10-18).
Sweetbay Market Scorecard
Sweetbay is currently a balanced market., a median asking price of $550,000, and homes go under contract in about 80 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.
Sweetbay 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 contributors.
The Sweetbay buying strategy.
If we were buying in Sweetbay 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 Sweetbay.
A newer-build pocket that trades on square footage
The 583 homes here carry a median build year of 2020 and a median living area of about 2,436 square feet. The 1950 floor of the year-built range tells you there are older holdouts in the mix, but the median makes clear the character is recent construction. Because there are no community amenities identified in current listings, the price you pay is tied to the house itself — its year, its size, and its finish level — not to shared features that would otherwise support value.
The homestead share sits at 51.7%, roughly an even split between owner-occupied and non-homesteaded parcels. That matters for two reasons: it points to a real for-sale supply over time, and it means comparable data blends primary residences with rentals and second homes. When you value a Sweetbay property, weight the comparables toward homes of similar age and size, since that is where the price is actually set.
The location and the amenities are priced into every listing in Sweetbay. 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 Sweetbay 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 (8.0). Basis: Recent Direction +12.5% year-over-year; Owner Commitment 64% owner-occupied; Pricing Power 97.9% sale-to-list. Refreshed with each data update.
Why work with Momentum here
A thin closing window and a fast-moving year-over-year figure are exactly the conditions where a bad comp leads to a mispriced offer or listing. We build valuation off homes that actually match on build year, size, and condition — and we will tell you when the headline appreciation number is doing more work than the underlying sales support.
Sweetbay in 15 seconds.
What it really costs to own in Sweetbay
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $6,014/yr across 28 listings here (MLS tax records, 2026-10-18). |
|---|---|
| HOA dues | Median $147/month across 1257 MLS listings (most billed quarterly; 2026-10-15). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. Flood: of 20 listing addresses checked against the FEMA flood map, 95% sit outside the high-risk zone and 5% inside one, where flood insurance is required with a federally backed mortgage. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 2023 across 58 listings. Newer roofs and current wind-mitigation features usually mean the lower end of insurance quotes. |
Estimated carrying cost at the median asking price, before the mortgage: about $809/month (tax $501, HOA $147, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Sweetbay
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Sweetbay
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Sweetbay will answer, and the answer is published on this page for the next buyer.
HOA, CDD & Fees
- HOA dues reported around $147/month (about $1,764/yr) · median of 1257 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $147 per month ($1,764 a year) — the median AssociationFee across 1257 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, 2026-10.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Flood & Insurance Context
Of 20 sampled listing addresses in this community: 95% outside the FEMA Special Flood Hazard Area (Zone X/B/C); 5% in an A-series Special Flood Hazard Area zone.
Address-sampled; individual parcels vary - verify any specific address at msc.fema.gov. Check any address at FEMA's Flood Map Service Center, and see average home-insurance costs by Florida county.
Source: FEMA National Flood Hazard Layer, address-level lookups (n=20) · as of 2026-10
Tools for a Sweetbay 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 Sweetbay sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Sweetbay, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Sweetbay home worth?
Get a no-obligation home value based on real comparable sales in Sweetbay, 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 Sweetbay
Homes in Sweetbay 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. 11 on record.
- 1203 Buttonsage Avenue Lot 659 · off market
- 1209 Bluestem Street · off market
- 1601 Daffodil Street Lot 777 · off market
- 1812 Daffodil Street · off market
- 1904 Royal Tern Street · off market
- 2005 Kingfisher Court · off market
- 2101 Kingfisher Court · off market
- 2221 Warbler Street · off market
| Location | Panama City, Bay County, FL · ZIP 32401, 32404, 32405 |
|---|---|
| Homes in the community | 79 (FL DOR 2025 assessment roll) |
| Years built | 2017–2024 (median 2023.0) |
| Typical living area | 2,682 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 100% |
| Sale prices, last 12 months | $534,523 median across 70 closed sales · +12.5% vs the prior 12 months |
| Days on market (closed sales) | 46 median |
| For sale right now | 23 active, 3 pending · median asking $550,000 |
| Owner-occupied (homestead) share | 64% |
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, “Sweetbay key facts,” movewithmomentum.com/neighborhoods/sweetbay, data as of September 20, 2026.
Housing distress & ownership in Sweetbay, 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.
Just listed in Sweetbay
The newest homes for sale in Sweetbay right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 2417 Rushes Avenue, Panama City, FL 32405 $449,000 · 3 bd · 2 ba · new today Courtesy of SweetBay Realty
- 2323 Discovery Loop, Panama City, FL 32405 $350,000 · 3 bd · 2 ba · new today Courtesy of Think Real Estate
- 1220 Finch Street, Panama City, FL 32405 $589,900 · 3 bd · 3 ba · 1 day on market Courtesy of Horsley Real Estate Group
- 1621 Kestrel Street, Panama City, FL 32405 $585,000 · 3 bd · 3 ba · 18 days on market Courtesy of Think Real Estate
- 2100 Royal Tern Street, Panama City, FL 32405 $475,000 · 3 bd · 2 ba · 24 days on market Courtesy of Think Real Estate
- 1905 Kingfisher Court, Panama City, FL 32405 $815,000 · 4 bd · 4 ba · 26 days on market Courtesy of Think Real Estate
Checked against the MLS Oct 18, 2026. All new listings in this market.
More Panama City home searches
Frequently Asked Questions
What is the median home price in Sweetbay?
How long do homes in Sweetbay take to sell?
How many homes are in Sweetbay?
What share of Sweetbay is owner-occupied?
When were the homes in Sweetbay built?
Who is the best real estate agent for Sweetbay?
How do I find a top Panama City real estate agent who knows Sweetbay?
Can Momentum Realty connect me with an agent for Sweetbay?
Where is Sweetbay, and what county is it in?
Is Sweetbay in a flood zone?
Is Sweetbay a good place to live?
Should you buy in Sweetbay?
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 17, 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 32401/32404/32405)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2016 (709 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 Sweetbay fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Sweetbay with Momentum Realty’s local guides.
More on Sweetbay
- Home values · What homes in Sweetbay actually sell for