Panama City (Bay) median$350,000−0.2%Days on market70+14.0dSale to list94.5%Price cuts26.0%Closed sales517Florida median, all residential$430,387+3.2%As of2026-07Panama City (Bay) median$350,000−0.2%Days on market70+14.0dSale to list94.5%Price cuts26.0%Closed sales517Florida median, all residential$430,387+3.2%As of2026-07
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: 2026-07.
Median closed price
$350,000
▼ 0.2% vs 2025-07
Median days on market
70
▲ 14 days vs 2025-07
Sale to original list
94.5%
of first asking price
Closed sales
517
in 2026-07
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.
Median household income
$70,188
ACS 5-year, 2023
Price to income
5.0×
median home ÷ median income
Est. annual property tax
$3,683
12.28 mills, homesteaded
Fair market rent, 2BR
$1,682
HUD FY2026
Zillow ZHVI
$346,095
-1.1% vs our median
Active inventory
3,222
+48% vs 2019
Share of listings with a price cut
2018-03 to 2026-06 · latest 26.0%
Context sources. Median household income: U.S. Census American Community Survey 5-year estimates, 2023 vintage. Property tax: county millage, FY2025-26 adopted, applied to the median closed price less Florida's $50,000 homestead exemption, an estimate for a homesteaded primary residence, not a tax bill, and municipal and special-district millage varies within every county. Fair market rent: HUD, by bedroom count. Zillow Home Value Index: a different methodology from ours. ZHVI estimates the value of the typical home, while our figure is the median of homes that actually closed, so the two will not match and the gap is shown rather than hidden. Inventory and price-cut share: county series, June 2026 vintage. Multi-county markets weight each county by its closed-sale count.
Florida Realtors released July 2026 statewide figures Monday. Both halves of the market sold more homes than a year ago. Only one of them got more expensive.
Statewide the median is up 1.8%. Underneath it, the Atlantic coast is running high single digits while southwest Florida and the Panhandle are flat or falling.
Method. Monthly medians of closed residential sales for Bay County. The partial current month is excluded rather than plotted short. County-months with fewer than 25 closed sales are dropped. Multi-county figures are an n-weighted average of county medians, which approximates a pooled median but is not one. Data may be preliminary and subject to revision by its source. See our editorial standards and corrections policy.
Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Information deemed reliable but not guaranteed. Equal Housing Opportunity. All Florida markets · Latest coverage · Seller net proceeds · Affordability calculator
