Panama City Beach Home Values (2026): What Houses Are Actually Selling For
Panama City Beach, Bay County, Florida · Momentum Research · updated 2026-09-07
Homes in Panama City Beach sold for a median of $423,700 over the last 12 months (2,218 recorded sales), n/a per square foot, and prices are flat 0.5% year over year. The typical sale took 76 days to go under contract and closed at 92.5% of the original asking price. Long run: 5.9% a year since 2012 (median $189K then). No algorithm can price your specific house from that; a records-based valuation can. The data first, then how to get one.
Panama City Beach home values year by year
Median recorded sale price, price per square foot, days to contract and sale-to-ask for every year we hold Panama City Beach sales. The compound growth rate works out to 5.9% a year since 2012 (median $189K then).
| Year | Median sale | $/sq ft | Days to contract | Sale-to-ask | Sales |
|---|---|---|---|---|---|
| 2012 | $189,230 | n/a | 105 | 92.0% | 738 |
| 2013 | $189,268 | n/a | 80 | 92.6% | 1,635 |
| 2014 | $200,606 | n/a | 75 | 93.6% | 1,711 |
| 2015 | $209,738 | n/a | 83 | 93.8% | 1,716 |
| 2016 | $220,168 | n/a | 71 | 94.7% | 1,984 |
| 2017 | $237,769 | n/a | 69 | 95.2% | 2,175 |
| 2018 | $254,825 | n/a | 49 | 96.1% | 2,530 |
| 2019 | $275,885 | n/a | 44 | 96.9% | 2,270 |
| 2020 | $292,546 | n/a | 46 | 96.6% | 2,426 |
| 2021 | $347,810 | n/a | 30 | 98.1% | 3,742 |
| 2022 | $434,148 | n/a | 17 | 98.6% | 3,321 |
| 2023 | $526,521 | n/a | 56 | 94.3% | 1,057 |
| 2024 | $465,959 | n/a | 48 | 94.5% | 1,682 |
| 2025 | $439,164 | n/a | 78 | 93.0% | 1,748 |
| 2026 | $445,853 | n/a | 78 | 92.5% | 2,218 |
Where the Panama City Beach market is tight, by price band
Months of supply is active inventory divided by the monthly sales pace; under about four months favors sellers, over six favors buyers. Find your band before you price.
Panama City Beach home values by ZIP code
Active listings and list medians from our feeds today; the typical value and one-year change are Zillow’s ZHVI for the ZIP, which tracks the whole housing stock rather than only what sold.
| ZIP | Active listings | Median list | Typical value (ZHVI) | 1-yr change | Listings with a price cut |
|---|---|---|---|---|---|
| 32413 | 345 | $399,900 | $470,917 | -1.8% | 25% |
| 32408 | 240 | $334,844 | $370,292 | -3.0% | 23% |
| 32407 | 205 | $421,000 | $393,968 | -3.4% | 23% |
Home values by community in Panama City Beach
The communities with the most recorded sales in the last 12 months. Each links to its own home-value page with the full price history.
| Community | Median sale | Year over year | Days to contract | Sales (12 mo) | Active |
|---|---|---|---|---|---|
| Latitude At Watersound | $503,500 | +1.7% | 58 | 170 | 0 |
| Bayside At Ward Creek | $374,352 | +18.1% | 52 | 79 | 0 |
| Breakfast Point East | $502,416 | -6.3% | 52 | 77 | 0 |
| Gulf Highlands Beach Resort | $295,000 | -1.3% | 48 | 74 | 0 |
| Caballeros Estates At Hombre | $379,950 | +5.2% | 34 | 66 | 0 |
| Laketown Wharf | $299,900 | -4.8% | 110 | 61 | 0 |
| Shores Of Panama | $344,450 | +1.3% | 93 | 60 | 0 |
| Holiday Beach | $473,000 | -3.0% | 71 | 54 | 5 |
| Colonial Landing | $350,000 | +0.0% | 77 | 51 | 0 |
| Breakwater At Ward Creek | $676,667 | +12.8% | 41 | 0 | |
| Bay Point | $642,500 | -2.6% | 74 | 40 | 0 |
| Laguna Beach | $585,000 | +11.4% | 54 | 39 | 0 |
What moves the sale price in Panama City Beach beyond the medians
New construction was 21% of sales, which sets the ceiling on what resale buyers will pay for a comparable resale. Sellers have been closing at 92.5% of original asking, so the list price is a negotiation opener, not the number. Zillow’s ZIP metrics put the city’s price-to-income ratio near 4.91 and five-year appreciation near +3.7%. Property mix: SingleFamilyResidence 41%, Condominium 35%, Attached 20%. Condition, lot, roof age, insurance quote and the specific street’s last three closings move an individual house well outside these ranges.
What is my house worth in Panama City Beach?
Not a number this page can give you, and not one an automated model can either: every value above is a median of many Panama City Beach sales, and the spread inside it is wide. A records-based valuation pulls the recorded closings on your street and in your community, adjusts for size, condition, lot and what your home has that the comps do not, and comes back as a written range with a net sheet showing what you would clear at each price after commissions, Florida doc stamps, title and payoff. Momentum Realty does that for Panama City Beach owners at no cost through the form below; the Messtimate gives a square-footage range in the meantime, and the seller net proceeds calculator runs the arithmetic on any price you are considering.
Selling in Panama City Beach: next steps
- Selling a house in Panama City Beach: cash offer vs. listing, side by side
- Should you sell in Panama City Beach now?
- Best time of year to sell in Bay County
- Seller net proceeds calculator
- Bay County property tax rate and calculator (what a buyer will pay after your sale)
- Homes for sale in Panama City Beach right now (your competition)
- Panama City Beach housing market: live data and trends
- How Momentum sells homes
Frequently asked questions
What is the median home price in Panama City Beach, FL?
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Are home prices in Panama City Beach going up or down?
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Which Panama City Beach communities hold value best?
Figures are recorded closed sales and active listings from the MLS feeds behind our Panama City Beach pages, aggregated by Momentum Research as of 2026-09-07; ZIP typical values from Zillow (ZHVI). Community-level aggregates only; nothing on this page is a valuation of any specific property, an appraisal, or an offer. Deemed reliable but not guaranteed. EAB RE Investments LLC dba Momentum Realty, a licensed Florida real estate brokerage. Equal Housing Opportunity.