Azalea Place
Homes for Sale in Panama City, FL
All 268 homes for sale in Panama City, FL · median $349,900 · 161 homes for sale in 32405 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-11-11, 4 recorded sales closed at a median of $362,500, a median 61 days on market, sellers accepting 96% of original asking. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $4,450 ($3,970 with the full homestead exemption).
Azalea Place is showing a median price of $345,000 with a median time on market of just under a month, but the sample behind those numbers is thin — only four closings in the current window. That means the figures are directional, not definitive. One or two unusual sales can move the median more than they would in a community with deeper volume.
With no community amenities identified from current MLS listings, whatever premium or discount you see in pricing is coming from the homes themselves — lot, condition, size, updates — rather than a shared feature set. For sellers, that puts the burden on presentation and comparables. For buyers, it means less standardization and more homework on each specific listing.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Azalea Place right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Azalea Place market snapshot (as of November 11, 2026): the median sale price is about $362K, and a median 61 days on market for closed sales.
In ZIP 32405 (Panama City), 69 homes closed in the last 12 months at a median of $330K, with a median 69 days on market. Right now 64 active and 20 pending listings put supply at about 11.1 months — a buyer's market. See the live ZIP 32405 housing market and the Bay County market.
CPAR sales records identify 5 homes in Azalea Place that have changed hands since 2022, built between 2011 and 2017 (median 2016), with a median living area of about 1,907 sq ft and a typical 4-bedroom, 2-bath layout. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Azalea Place sits in Panama City within Bay County, and values here have climbed roughly 60% since 2012 — a long-run trend, not a recent spike, and one that has played out with limited transaction volume.
Who Azalea Place is best for.
Best for
- Buyers targeting a purchase near the current median price who are comfortable evaluating each home on its own merits rather than a community amenity package.
- Sellers with a well-maintained, updated property who want pricing based on close, current comparables rather than a broad market average.
- Buyers or investors who track long-term value trends and are less concerned with month-to-month market noise.
Probably not for
- Buyers who want a community built around shared recreational amenities — none are currently listed for this community.
- Buyers who need a large pool of recent comparable sales to feel confident in a valuation.
- Sellers expecting a quick, high-volume bidding environment based on the appreciation figure alone.
The Azalea Place buying strategy.
If we were buying in Azalea Place today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Azalea Place.
A thin-data market with a long memory
The 60% appreciation figure since 2012 tells you this is a community that has held and built value over a long stretch, but it is not a signal about current-year momentum on its own. With only four closings feeding the present snapshot, month-to-month swings in median price or days on market should be read with some skepticism until more sales accumulate.
A median 28-day time on market suggests homes that are priced correctly are moving in a normal window, not sitting or flying off instantly. Because no community amenities show up in current listings, buyers should not assume a clubhouse, pool, or shared recreation exists — verify directly against the specific listing rather than the community name.
The location and the amenities are priced into every listing in Azalea Place. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a low-volume market like Azalea Place, the median price and days-on-market figures can be misleading if you don't know what's behind them. We pull the actual comparable sales, not just the headline stats, so you're pricing or offering against real precedent rather than a thin average.
Azalea Place in 15 seconds.
Tools for a Azalea Place buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Azalea Place sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Azalea Place, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Azalea Place home worth?
Get a no-obligation home value based on real comparable sales in Azalea Place, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in Azalea Place
Homes in Azalea Place that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 3608 Azalea Court · off market
- 3617 Azalea Court · off market
| Location | Panama City, Bay County, FL · ZIP 32405 |
|---|---|
| Sale prices, last 12 months | $362,500 median across 4 closed sales |
| Days on market (closed sales) | 61 median |
| For sale right now | 0 active, 0 pending |
Data as of November 11, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “Azalea Place key facts,” movewithmomentum.com/neighborhoods/azalea-place, data as of November 11, 2026.
Housing distress & ownership in Azalea Place, Panama City
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
More Panama City home searches
- All homes for sale in Panama City, FL
- Homes for sale in Bay County, FL
- Panama City home values: what is my house worth?
- ZIP 32405 housing scorecard
- 5 coming-soon communities in Bay County
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Frequently Asked Questions
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An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: September 17, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending November 11, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (4 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of CPAR MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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