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Cedar Park Home Values: What Homes Actually Sell For

Buying here? See Cedar Park homes for sale and the Cedar Park community guide (Panama City).

Cedar Park (Panama City, FL): 3 recorded closings in the 12 months ending 2026-09-20, a 12-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 97.4% of original asking; the median sale took 25 days; new construction was 33.3% of recorded sales — builder pricing competes with resales here (window ending 2026-09-20).

The 12-year recorded price history

Over the recorded series, Cedar Park’s median sold price moved from $254,900 (2015) to $379,900 (12 months ending 2026-09-20) — +49% over that span, with every year’s figure from recorded closings, not a model.

The last decade in Cedar Park, briefly

The recorded series starts in 2015 at $254,900. The 2020–22 run-up did what it did everywhere — Cedar Park’s median moved +23% from 2019 to 2022. Against the 2024 peak of $390,000, the current median stands at -3%. Annual sales volume here has ranged from 3 to 32 closings a year (10-yr average 13.6). With roughly 13.6 closings a year, Cedar Park’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

At Cedar Park’s $379,900 median and Bay County’s adopted 12.28 mills (FY2025-26), a home assessed at that price carries roughly $4,660 a year in property tax before exemptions, or about $4,180 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Bay County tax page.

Selling in Cedar Park right now: what the record says

Current asking prices run a median $407,500 against the $379,900 recorded sold median (+7%) — the gap between what sellers hope and what the record shows. Demand check: 0% of Cedar Park’s listings are under contract, against 30% for ZIP 32404 and 17% for Bay County as a whole — the community is currently absorbing slower than its surroundings, which is negotiating information. Momentum’s market-heat index for Cedar Park reads 58/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

Asking and recorded sold prices are within a few percent of each other here, so the table above is close to what a Cedar Park buyer will actually pay; the spread on any single home comes down to size, condition and timing.

How Cedar Park compares with its neighbors

Communities buyers shopping Cedar Park are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

More Cedar Park: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures