Delwood Estates
Homes for Sale in Panama City, FL

Delwood Estates market snapshot (as of September 20, 2026): the median sale price is about $180K, and a median 79 days on market for closed sales. The trailing-12-month median is up 2% from the prior 12 months, computed from record-level CPAR MLS closed sales (5 closings in the current window).

In ZIP 32405 (Panama City), 697 homes closed in the last 12 months at a median of $280K, down 6.8% year over year, with a median 56 days on market. Right now 202 active and 86 pending listings — a balanced market. See the live ZIP 32405 housing market and the Bay County market.

CPAR sales records identify 7 homes in Delwood Estates that have changed hands since 2019, built between 1976 and 1978 (median 1976), with a median living area of about 1,164 sq ft and a typical 2-bedroom, 1.5-bath layout; 71% are townhomes. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Delwood Estates sits in Bay County within Panama City, a modestly priced, low-turnover pocket of the market where sales are infrequent enough that each one moves the data meaningfully.

Four closings is not enough volume to draw firm conclusions about home condition, lot size, or finish level driving price — it is enough to say that whatever sold, sold at a higher clip than a year ago. The 9.2% year-over-year increase is worth noting, but in a market this small it can reflect which specific homes came to market as much as any broad repricing of the community.

The 116-day median days-on-market is the more telling number for anyone active here right now. That is a slow clearing pace, and paired with a market heat score of 34, it points to a buyer's-pace environment: homes are not moving quickly, and sellers who price realistically and are prepared to wait should plan for a multi-month process rather than a multi-week one. No community amenities are identified from current MLS listings, so buyers should evaluate each property on its own merits rather than assume shared recreational or common-area features.

In a market with only a handful of closings, generic comps do not hold up — you need someone reading each sale individually and pressure-testing the median before you rely on it. We track Delwood Estates at that level of detail, so sellers get a realistic pricing strategy and buyers get a clear read on where genuine value sits versus where a number is being driven by a small sample.

Listings in this community report association dues of about $172 per month ($2,064 a year) — the median AssociationFee across 20 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.