Azalea Place
Homes for Sale in Panama City, FL
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
Over the 12 months ending 2026-09-12, 8 recorded sales closed at a median of $352,500, a median 50 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 $4,330 ($3,840 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.
The 60-Second Overview
Azalea Place market snapshot (as of September 12, 2026): the median sale price is about $352K, and a median 50 days on market for closed sales.
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.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($352K) IS the median in the snapshot above.
Windows contain 1 to 13 sales each (8 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Azalea Place Market Scorecard
Azalea Place is currently a thin data market. Limited supply, a median asking price of n/a.
Typical home value in the 32405 ZIP is $295,792, about 16.4% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Azalea Place
Live MLS inventory for Azalea Place. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Azalea Place listings as of 2026-08-17, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
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.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
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.
See homes for sale in Azalea Place on the map →
Frequently Asked Questions
What is the median home price in Azalea Place?
How long do homes in Azalea Place take to sell?
Have Azalea Place home prices gone up?
Who is the best real estate agent for Azalea Place?
How do I find a top Panama City real estate agent who knows Azalea Place?
Can Momentum Realty connect me with an agent for Azalea Place?
Should you buy in Azalea Place?
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: August 17, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2012 (97 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.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the CPAR MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Azalea Place fits the bigger picture — live prices, inventory, and Momentum Scores: