Momentum Housing Data · Home Values · Bay County
Every figure below is from recorded MLS closings in Hibiscus By The Bay (Panama City Beach, FL) — not an algorithm’s estimate. Medians, the 15-year price history, market time, and what the record says about selling here now. Window ending 2026-07-28; refreshes as new closings record.
In the current window, sellers accepted a median 92.3% of original asking; the median sale took 70 days (window ending 2026-07-28).
| Year | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| 2026 | $390,000 | — | 70 | 13 |
| 2025 | $400,000 | — | 66 | 5 |
| 2024 | $381,850 | — | 63 | 4 |
| 2023 | $475,000 | — | 63 | 8 |
| 2022 | $430,000 | — | 50 | 15 |
| 2021 | $339,000 | — | 34 | 21 |
| 2020 | $301,000 | — | 99 | 16 |
| 2019 | $401,000 | — | 96 | 6 |
| 2018 | $269,500 | — | 35 | 8 |
| 2017 | $256,000 | — | 16 | 9 |
| 2016 | $231,750 | — | 142 | 8 |
| 2015 | $232,000 | — | 69 | 9 |
| 2014 | $228,000 | — | 92 | 13 |
| 2013 | $205,500 | — | 197 | 8 |
| 2012 | $227,932 | — | 67 | 4 |
Over the recorded series, Hibiscus By The Bay’s median sold price moved from $227,932 (2012) to $390,000 (12 months ending 2026-07-28) — +71% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2012 at $227,932. The 2020–22 run-up did what it did everywhere — Hibiscus By The Bay’s median moved +7% from 2019 to 2022. Against the 2023 peak of $475,000, the current median stands at -18%. Annual sales volume here has ranged from 4 to 21 closings a year (10-yr average 10.5). Small-community 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 in the table above.
What actually trades here: 100% condominium in the current window. Price-per-square-foot is the cleaner yardstick when comparing your home to the medians — it corrects for the size mix in any given year.
Momentum’s market-heat index for Hibiscus By The Bay reads 32/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Cash bought 0% of recorded Hibiscus By The Bay sales in the window ending 2021-07 (0 of 3) — a fact worth knowing before assuming every buyer needs an appraisal to close. For buyers, the same table reads the other way: the sold medians above are what the market has actually been paying — an asking price meaningfully above the recent closed record, in a community absorbing at the rates shown, is an opening position, not a value.
The pattern in the statewide failure data applies here too: homes priced against the latest closed sales sell; homes priced against hope join the 201,552 that didn’t. The table above is the closed-sale record to price against.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A Momentum 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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More Hibiscus By The Bay: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs
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.