Panama Park
Homes for Sale in Jacksonville, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo courtesy of KASHMIRI REALTY AND PROPERTY MANAGEMENT · via realMLS
Homes For Sale Right Now in Panama Park
Live MLS inventory for Panama Park. 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 · 77 daysTop listing
Active · 22 days
Active · 105 days
Active · 231 days
Active · 104 days
Active · 106 days
Active · 78 days
Active · 40 days
Active · 18 days
Active · 103 days
Active · 34 days
Pending · 35 days
Pending · 167 days
Pending · 45 daysActive and pending Panama Park listings as of 2026-10-23, priced high to low. Source: Data provided by realMLS. Tap any home to ask about it.
Panama Park's price story starts with the housing stock itself: a median build year of 1942 (homes here range from 1897 to 2024) and a median living area of 1,344 square feet. That combination of older construction and modest square footage is why the median sale price of $141,250 works out to roughly $119.98 per square foot, one of the more accessible price points in the broader Jacksonville market. Prices have still moved: up 9.1% year-over-year and up 443% since 2012, a long climb built on 28 recent closings, a modest sample that argues for pricing each home on its own condition rather than the average.
Right now the posture favors buyers. Inventory sits at just 14 active listings against a base of 2,906 homes, but 6.2 months of supply and a median 38.5 days on market put this in buyer-leaning territory. Sellers should expect more negotiation and a longer marketing window than a seller's market would allow, and buyers have room to be selective on condition and terms rather than compete against multiple offers.
Figures in this note are as of July 14, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Panama Park right now
🟢 Buyer-leaning market. 11.0 months of supply and 21% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of realMLS records, as of October 23, 2026. Confidence: Very High (14 active and pending listings, 26 closed sales in 12 months).
🟡 Still climbing. The trailing-12-month median ($146K) is up 0.7% from the prior 12 months ($145K) and up 484% since 2012.Momentum Research, record-level realMLS closed sales, 12-month windows ending October 23. Confidence: High (26 and 29 sales in the two windows).
What's unique here: the median sale price is about 53% below the typical Duval County sale ($146K vs $311K, trailing 12 months, realMLS records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 23, 2026 · Live data: realMLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Panama Park market snapshot (as of October 23, 2026): the median sale price is about $146K ($116 per sq ft over the trailing 12 months of closed sales), a median 45 days on market for closed sales, and 11.0 months of supply, a buyer-leaning market. The trailing-12-month median is up 1% from the prior 12 months and up 484% since 2012, computed from record-level realMLS closed sales (26 closings in the current window).
Panama Park is a community of 253 homes in Jacksonville, Duval County, built between 1916 and 2024 (median 1944), with a median living area of about 1,234 square feet. 44% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Panama Park is an established Duval County community in Jacksonville built out mostly in the early-to-mid 20th century, with construction continuing in pockets up through 2024. Listed amenities include fishing access and 24-hour security, though buyers should confirm current availability and any access rules directly with the HOA.
The setting & the homes.
Aerial and on-site photos of Panama Park. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Panama ParkPhotos from realMLS listings in Panama Park; content deemed reliable but not guaranteed.
Who Panama Park is best for.
Best for
- Buyers prioritizing affordability over square footage, comfortable near the $141,250 median price point.
- Buyers willing to budget for updates or repairs on an older home, given the median build year of 1942.
- Buyers who want negotiating room and can tolerate a longer search, given 6.2 months of supply and a 38.5-day median market time.
Probably not for
- Buyers who require new or newer construction rather than a mix spanning 1897 to 2024.
- Buyers expecting a fast-moving, multiple-offer market, since a market heat score of 36 suggests otherwise.
- Buyers who need a larger floor plan than the 1,344-square-foot median living area.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending October 23 of each year, from record-level realMLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($146K) IS the median in the snapshot above, and the move from 2025 ($145K) IS the +0.7% one-year change.
Windows contain 8 to 55 sales each (26 in the current window); every figure carries its sample size, and thin markets swing on single closings. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
24% of homes for sale in ZIP 32208 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 (2026-10-20).
Panama Park Market Scorecard
Panama Park is currently a buyer-leaning market. About 11.0 months of supply, a median asking price of $145,000, and homes go under contract in about 78 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Panama Park, Jacksonville
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. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
Panama Park on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from realMLS. Map data © OpenStreetMap contributors.
Life at Panama Park
- Fishing · reported on 2 of 9 listings
- 24 Hour Security · reported on 1 of 9 listings
Community amenities as reported across realMLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.
How far is everything?
Everyday stops around Panama Park are close: the nearest groceries is about 2 minutes away.
- Norwood Plaza Flea Market · Groceries2 min
- Seven Seas Crab House · Dining2 min
- Hope Centre Mall · Shopping2 min
- Kangaroo Express · Coffee2 min
- Panama Park · Parks6 min
- Mi fisiatra del dolor · Health6 min
Approximate drive times via Mapbox Search + Directions, 2026-07-03. Verify for a specific address.
Schools
- Duval County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- North Shore Elementary SchoolFLDOE grade C · Public PreK-5
- Jean Ribault Middle SchoolFLDOE grade C · Public 6-8
- Jean Ribault High SchoolFLDOE grade A · Public 9-12
Grades are official Florida Department of Education school grades for 2025-26. Assignments are reported as of the 2025-26 year and can change; always confirm with Duval County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Panama Park address.
Recent Developments in Panama Park
Development, infrastructure, retail, and school activity affecting Panama Park, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Retail & Dining
Council committee defers vote on incentives for Downtown Publix at 119 W. Beaver St.
The Finance Committee deferred a $49.65 million incentive package for Gateway Jax's $140.15 million high-rise anchored by a Publix at 119 W. Beaver St. The tower is planned with 259 apartments and about 400 parking spaces. The committee is scheduled to revisit the bill Nov. 4, the day after the Amendment 3 vote.
What it may mean for the marketThe timing of the first full-size grocery store in the Downtown core depends on the incentive vote, affecting nearby retail access. The site is about 4 miles south of Panama Park.
Source: Jacksonville Today - September 2026Infrastructure
JEA advances about $690 million in infrastructure projects including Fulton Cut transmission line raise near JAXPORT
JEA is moving forward with three water reclamation projects (Blacks Ford in northwest St. Johns County, over $220 million; near Jacksonville International Airport, about $193 million; East Arlington, just under $165 million) and the $117 million Fulton Cut transmission line clearance over the St. Johns River near Blount Island. Fulton Cut, shared with JAXPORT and the city, is expected to finish in summer 2027 and all four projects by 2030.
What it may mean for the marketRaised power lines support larger ship access to port terminals, and new reclamation capacity supports growth in surrounding areas. The site is about 8 miles east of Panama Park.
Source: News4JAX - September 2026Development
Gateway Jax seeks more than $70 million in city incentives for Riverfront Plaza tower and Hotel Merrydelle
Gateway Jax is requesting about $55.4 million in incentives for a 17-story, roughly $271.5 million Riverfront Plaza tower with 130 to 170 hotel rooms and 50 to 150 residences on Independent Drive. It also seeks a $15 million loan for the nearly $50 million renovation of the former Ambassador Hotel at 420 Julia Street. The Downtown Investment Authority board votes Sept. 16 and City Council has the final say.
What it may mean for the marketIf approved, the projects would add hotel rooms, residences and restaurants along the Downtown riverfront. The site is about 4 miles south of Panama Park.
Source: Jacksonville Today - September 2026Development
Downtown review board approves concept for first new University of Florida graduate campus building in LaVilla
The Downtown Development Review Board voted 7-0 on Sept. 10 for a six to eight story, roughly 185,000 square foot academic building on a 2.34-acre site bounded by West Bay, Forsyth and North Lee streets. It is the first new building in a multiphase UF graduate and semiconductor institute campus estimated at $345 million. UF hopes to break ground in December, pending final design review and permitting.
What it may mean for the marketA large graduate campus adds education and technology jobs and daytime foot traffic to the western Downtown core. The site is about 5 miles southwest of Panama Park.
Source: Jacksonville Today - April 2026Development
Southeast Toyota opens $170M vehicle-processing facility at JAXPORT's Blount Island, adding 400-plus jobs
Southeast Toyota Distributors dedicated a new vehicle processing facility at JAXPORT's Blount Island Marine Terminal in April 2026. The company put the investment at $170 million and said the facility created more than 400 full-time jobs, most of them hired locally.
What it may mean for the marketA large new employment center on Blount Island adds sustained local job demand, a factor that has historically supported nearby housing absorption. The site is about 7 miles east of Panama Park.
Source: JAXPORT - February 2026Infrastructure
JAXPORT details $250M Blount Island modernization and record cargo in 2026 State of the Ports
At its February 2026 State of the Ports address, JAXPORT outlined a $250 million modernization of Blount Island's container and vehicle-handling capabilities and reported record fiscal-2025 cargo volumes. The port also said an air-draft expansion to accommodate larger ships is on track to finish by the end of 2026.
What it may mean for the marketContinued heavy investment in the Blount Island port complex anchors long-term industrial employment on the northeast side, a structural demand driver for the surrounding area. The site is about 7 miles east of Panama Park.
Source: News4Jax
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Panama Park buying strategy.
If we were buying in Panama Park 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Panama Park.
What's Actually Driving Panama Park's Numbers
The math here is straightforward: a median build year of 1942 means most of the housing stock predates modern construction standards, and at 1,344 square feet median living area, these are compact homes by current standards. That's the backdrop for a $141,250 median price and $119.98 per square foot, value tied more to age, condition, and lot than to square footage alone. About 42.1% of homes carry a homestead exemption, meaning a meaningful share of this stock is owner-occupied rather than held purely as rental or investment property.
Supply is thin in absolute terms, 14 active listings out of 2,906 homes, but 6.2 months of supply still lands this market in buyer-leaning territory, and a market heat score of 36 backs that up: this isn't a market where listings move quickly or command premiums. A median 38.5 days on market gives buyers time to evaluate a property rather than being rushed, and it means sellers need pricing and presentation to do real work rather than relying on scarcity.
The location and the amenities are priced into every listing in Panama Park. 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 Panama Park 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 5 factors (4.5). Basis: Long-Term Appreciation +484% since 2012; Recent Direction +0.7% year-over-year; Liquidity & Demand 11.0 months of supply; Owner Commitment 44% owner-occupied; Pricing Power 87.9% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Panama Park's price is set by condition and age more than by comparable square footage, which means pricing and inspection strategy matter more here than in newer-construction markets. Momentum's agents price against the actual vintage and condition of a home rather than a generic per-square-foot number, and negotiate accordingly in a market that is currently favoring buyers.
Panama Park in 15 seconds.
HOA, CDD & Fees
- No CDD
- HOA status not on record. Verify any dues before you offer
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Page states no CDD.
Flood & Insurance Context
Of 22 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=22) · as of 2026-10
Tools for a Panama Park 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 Panama Park sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Panama Park, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
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Frequently Asked Questions
What is the median home price in Panama Park?
How long do homes in Panama Park take to sell?
Is Panama Park a buyer's or seller's market right now?
How many homes are in Panama Park?
What share of Panama Park is owner-occupied?
When were the homes in Panama Park built?
Have Panama Park home prices gone up?
What schools serve Panama Park?
Who is the best real estate agent for Panama Park?
How do I find a top Jacksonville real estate agent who knows Panama Park?
Can Momentum Realty connect me with an agent for Panama Park?
Should you buy in Panama Park?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Panama Park with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | realMLS, refreshed twice daily (last: October 23, 2026) |
| Community market stats | realMLS closed sales, 12-month windows ending October 23, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (5 streets, ZIP 32203/32206/32208/32209/32210/32211/32216/32218/32230/32299)) |
| Under-contract shares | realMLS records, as of 2026-10-20 |
| Schools | 2025-26 district assignments + FLDOE school grades; verify with the district |
| Historical depth | Closed-sale records back to 2001 (830 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 realMLS 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.
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