Momentum Housing Data · Home Values · Bay County
Every figure below is from recorded MLS closings in The Summit (Panama City Beach, FL) — not an algorithm’s estimate. Medians, the 14-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 95.2% of original asking; the median sale took 177 days (window ending 2026-07-28).
| Year | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| 2026 | $285,000 | — | 177 | 11 |
| 2025 | $297,000 | — | 84 | 13 |
| 2023 | $378,000 | — | 39 | 7 |
| 2022 | $320,000 | — | 20 | 37 |
| 2021 | $245,700 | — | 11 | 51 |
| 2020 | $208,000 | — | 42 | 23 |
| 2019 | $193,000 | — | 45 | 13 |
| 2018 | $168,950 | — | 35 | 34 |
| 2017 | $155,750 | — | 35 | 26 |
| 2016 | $147,000 | — | 65 | 24 |
| 2015 | $150,000 | — | 46 | 19 |
| 2014 | $142,000 | — | 34 | 15 |
| 2013 | $113,000 | — | 49 | 27 |
| 2012 | $103,000 | — | 81 | 17 |
Over the recorded series, The Summit’s median sold price moved from $103,000 (2012) to $285,000 (12 months ending 2026-07-28) — +177% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2012 at $103,000. The 2020–22 run-up did what it did everywhere — The Summit’s median moved +66% from 2019 to 2022. Against the 2023 peak of $378,000, the current median stands at -25%. Annual sales volume here has ranged from 2 to 51 closings a year (10-yr average 21.7). 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 The Summit reads 20/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Cash bought 0% of recorded The Summit sales in the window ending 2022-07 (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 The Summit: 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