Callaway
Homes for Sale in Panama City, FL
All 268 homes for sale in Panama City, FL · median $349,900 · 413 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of November 2026, Callaway in Panama City, FL has 7 homes for sale, asking from $184,000 to $799,000 (median $350,000). Over the 12 months ending 2026-11-11, 8 recorded sales closed at a median of $272,500, a median 3 days on market, sellers accepting 96% of original asking. Homes listed or recently sold were built 1958–2026 with 1 new construction; none of the 5 geocoded homes sit in a FEMA special flood hazard zone (median elevation 25 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,350 ($2,860 with the full homestead exemption).
Last 30 days in Callaway: 3 new listings (median asking $350,000). 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.
Homes For Sale Right Now in Callaway
Live MLS inventory for Callaway. 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 · 32 daysTop listing
Active · 33 days
Active · 2 days
Active · 0 days
Active · 0 days
Active · 250 days
Active · 97 daysActive and pending Callaway listings as of 2026-11-11, 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.
Callaway's median price sits at $210,000, down 14.3% year over year, with homes taking a median of 63 days to close — a market that has cooled from its recent pace and now rewards patience over urgency. The housing stock itself explains a lot of the spread: built dates run from 1907 to 2024 with a median year built of 1980, so buyers are choosing between older, more worked-on homes and newer construction, and condition drives price far more than location within the community.
For sellers, the pullback in price and the longer time on market mean pricing to current conditions matters more than it did in recent years. For buyers, the same softness translates into more negotiating room and less competitive pressure than a hot market would allow, particularly on homes that need updating.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Callaway right now
🟢 Buyer-leaning market. 10.5 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of CPAR MLS records, as of November 11, 2026. Confidence: High (7 active and pending listings, 8 closed sales in 12 months).
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· Updated November 12, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Callaway market snapshot (as of November 11, 2026): the median sale price is about $272K, a median 4 days on market for closed sales, and 10.5 months of supply, a buyer-leaning market.
In ZIP 32404 (Panama City), 223 homes closed in the last 12 months at a median of $275K, with a median 90 days on market. Right now 203 active and 64 pending listings put supply at about 10.9 months — a soft market. See the live ZIP 32404 housing market and the Bay County market.
Callaway is a community of 64 homes in Panama City, Bay County, built between 1949 and 2022 (median 1981.5), with a median living area of about 1,524 square feet. 55% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Callaway is an established Bay County community of 2,083 homes with a median living area of 1,628 square feet, where roughly half of owners hold a homestead exemption — a signal that a meaningful share of this market is owner-occupied rather than turned over quickly.
The setting & the homes.
Aerial and on-site photos of Callaway. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
CallawayCallawayCallawayCallawayCallawayCallawayCallawayPhotos from CPAR MLS listings in Callaway; content deemed reliable but not guaranteed.
Who Callaway is best for.
Best for
- Buyers targeting a purchase near the current median price of $210,000 who are comfortable evaluating condition on a case-by-case basis.
- Buyers willing to take on an older home (built as early as 1907) in exchange for negotiating leverage in a cooled market.
- Sellers who can price realistically against the recent 14.3% pullback rather than last year's numbers.
Probably not for
- Buyers who want a newer-construction-only search — the median year built is 1980 and the stock skews older.
- Anyone requiring on-site community amenities such as a pool or clubhouse, since none are currently identified in MLS listings.
- Sellers expecting a fast sale — the current median time on market runs 63 days.
Callaway on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap contributors.
The Callaway buying strategy.
If we were buying in Callaway 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Callaway.
A market resetting off a longer run
Zoom out and Callaway's values are still up 162% since 2012, but the last twelve months show a 14.3% pullback and a market heat score of 28 — figures that point to a community cooling from an extended run rather than one in structural trouble. With 21 closings in the most recent window, the sample is small enough that individual sales can move the median meaningfully, so any one listing's pricing should be checked against comparable condition and square footage rather than the headline number alone.
The age range of the housing stock — 1907 through 2024 — means inspection and renovation history matter more here than in newer subdivisions built to a single spec. No community amenities are currently identified from MLS listings, so buyers should not expect the pricing to reflect clubhouse, pool, or gated infrastructure; it reflects the home and lot on their own terms.
The location and the amenities are priced into every listing in Callaway. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Callaway buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (4.3). Basis: Liquidity & Demand 10.5 months of supply; Owner Commitment 55% owner-occupied; Pricing Power 96.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market with a wide age range of housing stock and only a handful of recent closings to benchmark against, pulling the right comparables — matched on age, condition, and square footage rather than just proximity — is the difference between a defensible offer and a guess. We walk both buyers and sellers through what the 63-day median time on market and the current price pullback actually mean for their specific listing or offer, not just the headline stat.
Callaway in 15 seconds.
Tools for a Callaway 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 Callaway sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Callaway, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Callaway home worth?
Get a no-obligation home value based on real comparable sales in Callaway, 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 Callaway
Homes in Callaway 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. 4 on record.
- 285 Hugh Thomas Drive · off market
- 5219 Cherry Street · off market
- 6240 Bryan Way · off market
- 6506 Hiwassee Street · off market
| Location | Panama City, Bay County, FL · ZIP 32404 |
|---|---|
| Homes in the community | 64 (FL DOR 2025 assessment roll) |
| Years built | 1949–2022 (median 1981.5) |
| Typical living area | 1,524 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 71%, attached 29% |
| Sale prices, last 12 months | $272,500 median across 8 closed sales |
| Days on market (closed sales) | 3 median |
| For sale right now | 7 active, 0 pending · median asking $350,000 · 10.5 months of supply |
| Owner-occupied (homestead) share | 55% |
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; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Callaway key facts,” movewithmomentum.com/neighborhoods/callaway, data as of November 11, 2026.
Housing distress & ownership in Callaway, 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.
Every Home for Sale in Callaway Right Now (7)
All 7 active and pending Callaway listings with a detail page, newest first, refreshed twice a day from the MLS.
- 6420 Cherry Street, Panama City, Fl 32404 · $350,000 · 4 bd / 3 ba · listed Nov 10, 2026 · listed by ERA Neubauer Real Estate Inc
- 116 S Comet Avenue, Panama City, Fl 32404 · $329,900 · 3 bd / 3 ba · listed Nov 6, 2026 · listed by Coastal Sun Realty LLC
- 5422 E Highway 22 Highway, Callaway, Fl 32404 · $369,800 · 3 bd / 3 ba · listed Oct 30, 2026 · listed by Keller Williams Success Realty
- 7111 Winona Street, Panama City, Fl 32404 · $620,000 · 4 bd / 3 ba · listed Oct 5, 2026 · listed by CENTURY 21 Commander Realty
- 505 Beulah Avenue, Panama City, Fl 32404 · $799,000 · 4 bd / 4 ba · listed Oct 1, 2026 · listed by Local Insight Realty
- 6329 Chipewa Street, Panama City, Fl 32404 · $185,000 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Central Bay Realty and Property Management LLC
- 6325 Chipewa Street, Panama City, Fl 32404 · $184,000 · 3 bd / 2 ba · listed Aug 13, 2026 · listed by Central Bay Realty and Property Management LLC
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 32404 housing scorecard
- 5 coming-soon communities in Bay County
Panama City guides & data
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- Flood zones
- Home insurance cost
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Florida buyer guides
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- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- Cherry Street (3 homes on record)
20% of homes for sale in ZIP 32404 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-11-12).
What it really costs to own in Callaway
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $3,625/yr across 12 listings here (MLS tax records, 2026-11-12). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 1978 across 14 listings. An original roof here would be about 48 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Email me new listings in Callaway
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Callaway
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Callaway will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Callaway?
How long do homes in Callaway take to sell?
Is Callaway a buyer's or seller's market right now?
How many homes are in Callaway?
What share of Callaway is owner-occupied?
When were the homes in Callaway built?
Who is the best real estate agent for Callaway?
How do I find a top Panama City real estate agent who knows Callaway?
Can Momentum Realty connect me with an agent for Callaway?
Where is Callaway, and what county is it in?
Is Callaway a good place to live?
Should you buy in Callaway?
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: November 11, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending November 11, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32404)) |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (8 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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