Panama City (Bay) housing market data

Bay County. Monthly medians of closed residential sales, computed from MLS records licensed by Momentum Realty. Latest complete month: 2026-08.

Panama City (Bay) coverage

Data Analysis

Redfin data for the three months ending June 2026 shows Panama City home sales up 18.6% year over year, among the largest volume gains in this release, with the median sale price nearly flat at $306,363.

Homes in the city sold in a median 65 days, three days faster than a year ago, and 14.2% closed above list price. The sale-to-list ratio slipped 0.3 points to 96.8%.

August 26, 2026

Data Analysis

Panama City sellers closed at a median 94.5% of original asking in July 2026.

August 21, 2026

Data Analysis

Florida unemployment fell for the second straight month, to 4.6%, and payrolls set a record. The two-year climb in joblessness looks like it peaked in the spring.

August 21, 2026

Data Analysis

The median Panama City sale price held roughly flat 0.3% in a year.

August 23, 2026

Data Analysis

Closed sales in Panama City rose 23.0% from a year earlier.

August 22, 2026

All Panama City (Bay) stories

The market in context

These come from outside sources, not from our MLS records. We keep them separate so you can see where an independent series agrees with ours and where it does not.

Homes for sale and homes going under contract

Both lines are counted from Redfin's county file: active listings, and pending sales, contracts signed that month. Neither is an estimate of buyers. The chart's source line carries the latest month in the file. These figures are Redfin's, not computed from our MLS feeds.

In 2026-07, 3,642 homes were listed for sale across the Panama City market and 564 went under contract. A year earlier the counts were 3,754 and 478, so homes for sale are down 3.0% and contracts are up 18.0% over twelve months. Fewer homes and more contracts is the shape of a market tightening toward sellers.

What renters are asked to pay

Typical ASKED rent for units listed on Zillow (Zillow Observed Rent Index), by county, monthly. Asking rent is what new listings seek, not what sitting tenants pay; renewals are invisible to it. These figures are Zillow's, not computed from our MLS feeds.

Bay asks $1,735, +1.3% in a year and 22% above 2019 levels. Asking rent describes new listings, not renewals, so a flat or falling line here reaches sitting tenants slowly and shows up first in concessions on new leases.

Every metric