Cedar Grove Heights
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.
As of November 2026, the MLS records 1 closed sale in Cedar Grove Heights in Panama City, FL, the most recent in September 2026. Across Panama City as a whole, 371 homes closed in the last 12 months at a median of $300,000, 84 median days on market. At that median and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,680 ($3,200 with the full homestead exemption).
Cedar Grove Heights is an older, established section of Panama City, with a median build year of 1960 and a spread that runs all the way from 1900 to 2024. That range matters more than any single number: this is a market of individual houses with individual histories, not a subdivision where every unit tracks the same finish level and the same age. Condition and updates, not location alone, do the heavy lifting on price here.
With 646 homes in the current snapshot and no active closings recorded in this window, there is not a fresh trend line to read. Treat this as a market to study block by block and house by house rather than one to price off a headline number. A homestead share of just over 42% points to a meaningful base of longer-term ownership mixed with turnover inventory, which is typical of a neighborhood at this stage of its life cycle.
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 Cedar Grove Heights 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
Cedar Grove Heights is a long-established Panama City neighborhood built out over more than a century, with a typical home near 1,453 square feet and a median build year of 1960 — a profile that rewards buyers willing to evaluate each property on its own condition and update history.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Cedar Grove Heights is best for.
Best for
- Buyers seeking an established Bay County location without paying for community amenity overhead.
- Buyers comfortable with a modest median footprint near 1,453 square feet and willing to assess each home's age and condition on its own terms.
- Buyers or investors interested in a neighborhood with a long build history and a mix of long-term and turnover ownership.
Probably not for
- Buyers who want move-in-ready consistency across an entire subdivision without house-by-house due diligence.
- Buyers specifically seeking on-site community amenities as part of the purchase.
- Buyers who need a strictly new-construction build year with no pre-1960s housing stock nearby.
The market around Cedar Grove Heights
Cedar Grove Heights is too small for its own price trend, so here is the market around it.
In ZIP 32405, 150 homes are on the market and 21% are under contract — a steady corner of Panama City.
Across Bay County, 2,406 homes are active and 434 pending (15% under contract).
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.
ZIP and county figures describe the wider market, not Cedar Grove Heights specifically. Momentum Research analysis of MLS records.
The Cedar Grove Heights buying strategy.
If we were buying in Cedar Grove Heights 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 Cedar Grove Heights.
A neighborhood built in layers
The 1900–2024 build range is the defining fact of Cedar Grove Heights. Early-century homes sit near mid-century construction and newer infill, which means two houses on the same street can require very different inspection and renovation conversations. Buyers should expect to evaluate roofs, systems, and structural updates individually rather than assuming a consistent standard across the neighborhood.
No community amenities are identified from current MLS listings, so this is a location built around the housing stock and its setting in Bay County rather than around shared recreational infrastructure. At roughly 1,453 square feet median living area, the housing here tends toward modest, workable footprints rather than expansive new construction.
The location and the amenities are priced into every listing in Cedar Grove Heights. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a neighborhood where build years span more than a century and no fresh closings data is available to anchor pricing, judgment matters more than a spreadsheet. We walk every property on its own condition, age, and update history, and we tell clients directly when a listing's price does not match its actual state of repair.
Cedar Grove Heights in 15 seconds.
Tools for a Cedar Grove Heights 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 Cedar Grove Heights sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Cedar Grove Heights, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Cedar Grove Heights home worth?
Get a no-obligation home value based on real comparable sales in Cedar Grove Heights, 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 all homes for sale in Panama City →
Should you buy in Cedar Grove Heights?
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) |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (1 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.
Recent Developments in Cedar Grove Heights
Development, infrastructure, retail, and school activity affecting Cedar Grove Heights, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Development
Panama City rejects marina bids and will rebuild West Basin in phases
The city rejected all bids earlier this month for the 49-slip West Basin and will rebid in phases focused on wet slips. The boat ramp has been redesigned and will come later. Phase One construction could start within 90 days of selecting a contractor.
What it may mean for the marketA slower, phased marina rebuild delays new downtown waterfront boating capacity but keeps the project moving toward construction. The site is less than a mile southwest of Cedar Grove Heights.
Source: WJHG - October 2026Infrastructure
West Beach Drive and Mulberry Avenue water, sewer and sidewalk work set to begin in Panama City
The project covers West Beach Drive from Sixth to Fourth Street and Mulberry Avenue, adding water lines, sewer lines and sidewalks in three phases to keep businesses open. Chevron has agreed to cover extra disposal costs if contaminated soil is found. Crews were expected to mobilize within about a week.
What it may mean for the marketUpgraded utilities and sidewalks support the west-side commercial area, with some construction disruption during phasing. The site is about 2 miles west of Cedar Grove Heights.
Source: WJHG - August 2026Development
Deal reached to redevelop historic Panama City Grammar School into apartments and townhomes
Panama City reached a deal for developer Zachary Seymour to buy the 1914 Panama City Grammar School on East Seventh Street and convert it to apartments and townhomes. The city would waive about $375,000 in code fines and a $100,000 CRA grant is pending approval. Seymour has one year to finish structural repairs to roofs, windows and doors.
What it may mean for the marketReuse of a vacant historic building would add downtown-area residential units and remove a long-standing vacant property. The site is less than a mile west of Cedar Grove Heights.
Source: WJHG - August 2026Infrastructure
HCA Florida Gulf Coast Hospital announces $125 million expansion
HCA Florida Gulf Coast Hospital announced a $125 million expansion on its 23rd Street campus, including a new patient tower with 34 additional beds, a 16-bed orthopedic and spine unit, a fourth cath lab, an expanded women's center and a 5,000-square-foot outpatient entrance expansion. The project is in design, with construction of 24 to 36 months and completion targeted for 2029.
What it may mean for the marketAdded hospital capacity and specialty services would improve local healthcare access and add medical-sector employment along the 23rd Street corridor. The site is about 2 miles northwest of Cedar Grove Heights.
Source: WJHG - July 2026Civic
Panama City approves 12-month moratorium on AI data centers
Panama City commissioners unanimously approved a 12-month pause on AI data centers in certain areas, following a six-month restriction adopted by Bay County the prior week. The city said it will use the period to study data center operations and revisit how they fit into local zoning and land-use rules.
What it may mean for the marketA temporary pause shapes where data centers can locate while the city reviews zoning and land-use standards. The site is less than a mile northwest of Cedar Grove Heights.
Source: WJHG News Channel 7 - June 2026Infrastructure
Panama City moves downtown marina slip construction to bid, ends City Marina Partners deal
Panama City put the first 50 boat slips at the Downtown Marina out for contractor bids, with construction expected to begin shortly after a contract is awarded and the bid window closing June 16. Commissioners also ended their working relationship with City Marina Partners and budgeted payment for work already completed.
What it may mean for the marketProgress on downtown marina slip construction advances waterfront infrastructure in the Panama City core. The site is less than a mile southwest of Cedar Grove Heights.
Source: WJHG News Channel 7
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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. A Momentum agent can 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 Cedar Grove Heights fits the bigger picture — live prices, inventory, and Momentum Scores: