Momentum Housing Data · Home Values · Bay County
Cove Terrace (Panama City, FL): 19 recorded closings in the 12 months ending 2026-07-28, a 14-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 92.5% of original asking; the median sale took 81 days (window ending 2026-07-28).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $334,000 | — | 81 | 92.5% | 19 |
| 2025 | $312,000 | — | 37 | 92.0% | 19 |
| 2024 | $280,000 | — | 27 | 94.6% | 14 |
| 2023 | $336,500 | — | 17 | 97.6% | 8 |
| 2022 | $313,000 | — | 4 | 99.9% | 26 |
| 2021 | $209,500 | — | 12 | 97.5% | 25 |
| 2020 | $220,500 | — | 22 | 91.5% | 20 |
| 2019 | $154,000 | — | 10 | 97.0% | 20 |
| 2018 | $158,250 | — | 29 | 94.5% | 32 |
| 2017 | $155,000 | — | 33 | 92.7% | 21 |
| 2016 | $194,000 | — | 35 | 93.4% | 21 |
| 2015 | $149,750 | — | 94 | 88.9% | 20 |
| 2014 | $124,450 | — | 31 | 90.5% | 14 |
| 2013 | $131,000 | — | 93 | 91.8% | 11 |
Over the recorded series, Cove Terrace’s median sold price moved from $131,000 (2013) to $334,000 (12 months ending 2026-07-28) — +155% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2013 at $131,000. The 2020–22 run-up did what it did everywhere — Cove Terrace’s median moved +103% from 2019 to 2022. Against the 2023 peak of $336,500, the current median stands at -1%. Annual sales volume here has ranged from 1 to 32 closings a year (10-yr average 20.4).
What actually trades here: 100% single-family residence in the current window.
From the live MLS feed as of 2026-09-02: 4 active listings (plus 0 pending) asking from $249,900 to $425,000, median $289,500; 1 of 4 have been on the market over 60 days (median 11 days so far); the homes listed or recently sold were built between 1949 and 1952 (median 1949); none of the 4 geocoded listed or recently sold homes sits in a FEMA special flood hazard zone (median elevation 20 ft). For a seller this is the competition a buyer will tour alongside your home; for a buyer, the stale share is where negotiating room usually is. See the current Cove Terrace listings →
At Cove Terrace’s $334,000 median and Bay County’s adopted 12.28 mills (FY2025-26), a home assessed at that price carries roughly $4,100 a year in property tax before exemptions, or about $3,620 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.
Momentum’s market-heat index for Cove Terrace reads 37/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
The table above is the closed-sale record to price a Cove Terrace home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping Cove Terrace 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.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| Sudduths | $276,000 | — | 13 | 27 |
| Bunkers Cove | $420,000 | — | 40 | 3 |
| Old Orchard | $175,000 | — | 50 | 7 |
| Cove | $355,000 | — | 66 | 15 |
More Cove Terrace: 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
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.