Fanning Bayou
Homes for Sale in Panama City, FL
All 268 homes for sale in Panama City, FL · median $349,900 · 45 homes for sale in 32409 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of November 2026, Fanning Bayou in Panama City, FL has 10 homes for sale and 2 pending, asking from $295,000 to $899,000 (median $517,450). Over the 12 months ending 2026-11-11, 3 recorded sales closed at a median of $512,000, a median 13 days on market, sellers accepting 100% of original asking. Homes listed or recently sold were built 2018–2021; 12 of 12 report an HOA (median $144/mo); 9 of the 12 geocoded homes sit in a FEMA special flood hazard zone (median elevation 10 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $6,290 ($5,800 with the full homestead exemption).
Last 30 days in Fanning Bayou: 3 new listings (median asking $327,500), 2 under contract right now. 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 Fanning Bayou
Live MLS inventory for Fanning Bayou. 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 · 90 daysTop listing
Active · 97 days
Active · 106 days
Active · 315 days
Active · 26 days
Active · 232 days
Active · 155 days
Active · 3 days
Active · 13 days
Active · 83 daysActive and pending Fanning Bayou 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.
Fanning Bayou's pricing is being driven by construction age more than anything else. With a median year built of 2019 inside a range that stretches back to 1971, the newer inventory is setting the tone, and the median price of $493,500 reflects that newer-construction weighting rather than a broad, even market.
A median 103.5 days on market and a market heat score of 38 point to a slower-moving, more negotiable environment right now, even with year-over-year appreciation of 13.6%. That combination tells buyers there is room to negotiate on terms and timeline, while sellers should price with the current pace in mind rather than the appreciation headline alone.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Fanning Bayou right now
🟢 Buyer-leaning market. 40.0 months of supply and 17% 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 (12 active and pending listings, 3 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
Fanning Bayou market snapshot (as of November 11, 2026): the median sale price is about $512K, a median 13 days on market for closed sales, and 40.0 months of supply, a buyer-leaning market.
In ZIP 32409 (Panama City), 42 homes closed in the last 12 months at a median of $509K, with a median 60 days on market. Right now 36 active and 18 pending listings put supply at about 10.3 months — a balanced market. See the live ZIP 32409 housing market and the Bay County market.
County records show 11 qualified sales in Fanning Bayou across 2024–2025 (7 in 2024, 4 in 2025), median $440,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Flood zones in Fanning Bayou: of 10 listing addresses checked against the FEMA National Flood Hazard Layer, 10% sit outside the FEMA Special Flood Hazard Area (Zone X); 80% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage; 10% are in a V-series coastal high-hazard zone. Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City.
Fanning Bayou is a community of 129 homes in Panama City, Bay County, built between 2018 and 2021 (median 2019), with a median living area of about 2,655 square feet. 83% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Fanning Bayou in Panama City (Bay County) is a smaller, low-volume community of 236 homes where recent construction sets the market's character, with a median living area of 2,742 square feet pointing to larger floor plans as the norm.
The setting & the homes.
Aerial and on-site photos of Fanning Bayou. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Fanning BayouFanning BayouFanning BayouFanning BayouFanning BayouFanning BayouFanning BayouFanning BayouPhotos from CPAR MLS listings in Fanning Bayou; content deemed reliable but not guaranteed.
Who Fanning Bayou is best for.
Best for
- Buyers prioritizing larger square footage and newer construction over community amenities
- Buyers comfortable with a longer, more patient purchase timeline in a lower-volume market
- Sellers with a newer-built home who can price to current, condition-driven demand
Probably not for
- Buyers who want on-site community amenities as part of the purchase
- Sellers needing a fast sale, given the market's current 103.5-day median time on market
- Buyers seeking a large, high-volume inventory pool to compare options within one community
Fanning Bayou 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 Fanning Bayou buying strategy.
If we were buying in Fanning Bayou 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 Fanning Bayou.
A community built on newer stock
The year-built range in Fanning Bayou runs from 1971 to 2022, but the median year built of 2019 shows the bulk of activity is concentrated in newer homes. That skews the market toward condition-driven pricing: a handful of older homes sit alongside a larger share of recently built product, and the price a buyer pays will track construction age and finish level closely.
At 236 homes total and a 10-listing closing window in this snapshot, Fanning Bayou is a lower-volume market compared to larger subdivisions in the area. A homestead share of 81.9% suggests most homes here are owner-occupied rather than held as investment or secondary property, which tends to support steadier day-to-day upkeep across the community even without a formal amenity package — current MLS listings show no identified community amenities.
The location and the amenities are priced into every listing in Fanning Bayou. 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 Fanning Bayou 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 (6.1). Basis: Liquidity & Demand 40.0 months of supply; Owner Commitment 83% owner-occupied; Pricing Power 100.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a lower-volume market like Fanning Bayou, pricing accurately means reading a thin data set correctly — knowing which comps reflect the newer-construction majority and which are the exceptions. We pull that apart line by line so sellers price to the real market and buyers know exactly what a given home's age and condition should mean for the number.
Fanning Bayou in 15 seconds.
Tools for a Fanning Bayou 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 Fanning Bayou sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Fanning Bayou, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Fanning Bayou home worth?
Get a no-obligation home value based on real comparable sales in Fanning Bayou, 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 →
Recently off market in Fanning Bayou
Homes in Fanning Bayou 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. 6 on record.
- 100 Talbot Street · off market
- 106 Merrion Road · off market
- 119 Confidence Way · off market
- 136 Merrion Road · off market
- 171 Grafton Street · off market
- 82 Alegro Drive · off market
| Location | Panama City, Bay County, FL · ZIP 32409 |
|---|---|
| Homes in the community | 129 (FL DOR 2025 assessment roll) |
| Years built | 2018–2021 (median 2019) |
| Typical living area | 2,655 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 100% |
| Sale prices, last 12 months | $512,000 median across 3 closed sales |
| Days on market (closed sales) | 13 median |
| For sale right now | 10 active, 2 pending · median asking $517,450 · 40.0 months of supply |
| Owner-occupied (homestead) share | 83% |
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, “Fanning Bayou key facts,” movewithmomentum.com/neighborhoods/fanning-bayou, data as of November 11, 2026.
Housing distress & ownership in Fanning Bayou, 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.
Just listed in Fanning Bayou
The newest homes for sale in Fanning Bayou right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 148 Crenshaw Street, Southport, FL 32409 $327,500 · 4 bd · 3 ba · listed Nov 9, 2026 Courtesy of Think Real Estate
- 157 Merrion Road, Southport, FL 32409 $315,000 · 4 bd · 2 ba · listed Oct 30, 2026 Courtesy of Gillman Group Realty
- 352 Grafton Street, Southport, FL 32409 $535,000 · 4 bd · 4 ba · listed Oct 17, 2026 Courtesy of Dalton Wade Inc
- 112 Merrion Road, Panama City, FL 32409 $295,000 · 4 bd · 2 ba · listed Aug 21, 2026 Courtesy of Keller Williams Success Realty
- 325 Confidence Way, Panama City, FL 32409 $899,000 · 4 bd · 4 ba · listed Aug 14, 2026 Courtesy of Barbee Beach House Realty
- 382 Grafton Street, Panama City, FL 32409 $760,000 · 5 bd · 3 ba · listed Aug 7, 2026 Courtesy of Keller Williams Success Realty
Checked against the MLS nightly. All new listings in this market.
Every Home for Sale in Fanning Bayou Right Now (12)
All 12 active and pending Fanning Bayou listings with a detail page, newest first, refreshed twice a day from the MLS.
- 117 Merrion Road, Southport, Fl 32409 · $389,000 · 5 bd / 4 ba · pending · listed Nov 3, 2026 · listed by Think Real Estate
- 157 Merrion Road, Southport, Fl 32409 · $315,000 · 4 bd / 2 ba · listed Oct 24, 2026 · listed by Gillman Group Realty
- 148 Crenshaw Street, Southport, Fl 32409 · $327,500 · 4 bd / 3 ba · listed Oct 23, 2026 · listed by Think Real Estate
- 119 Confidence Way, Panama City, Fl 32409 · $435,000 · 4 bd / 2 ba · pending · listed Sep 26, 2026 · listed by Keller Williams Success Realty
- 352 Grafton Street, Southport, Fl 32409 · $535,000 · 4 bd / 4 ba · listed Sep 10, 2026 · listed by Dalton Wade Inc
- 112 Merrion Road, Panama City, Fl 32409 · $295,000 · 4 bd / 2 ba · listed Aug 30, 2026 · listed by Keller Williams Success Realty
- 325 Confidence Way, Panama City, Fl 32409 · $899,000 · 4 bd / 4 ba · listed Aug 19, 2026 · listed by Barbee Beach House Realty
- 3 Fedora Drive, Southport, Fl 32409 · $609,000 · 4 bd / 4 ba · listed Aug 19, 2026 · listed by Red Realty Beachside Properties LLC
- 382 Grafton Street, Panama City, Fl 32409 · $760,000 · 5 bd / 3 ba · listed Aug 13, 2026 · listed by Keller Williams Success Realty
- 133 Talbot Street, Southport, Fl 32409 · $579,000 · 5 bd / 3 ba · listed Aug 13, 2026 · listed by Prothro Real Estate & Associates
- 160 Confidence Way, Panama City, Fl 32409 · $499,900 · 4 bd / 3 ba · listed Aug 13, 2026 · listed by Keller Williams Success Realty
- 109 Merrion Road, Panama City, Fl 32409 · $388,900 · 5 bd / 3 ba · listed Aug 13, 2026 · listed by Realty One Group Emerald Coast
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 32409 housing scorecard
- 5 coming-soon communities in Bay County
Panama City guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Home insurance cost
- New construction
- ZIP codes
Florida buyer guides
- Florida home insurance rates by county
- 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)
- Save Our Homes tax estimator
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- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
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17% of homes for sale in Fanning Bayou 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 Fanning Bayou
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 $4,103/yr across 20 listings here (MLS tax records, 2026-11-12). |
|---|---|
| HOA dues | Median $144/month across 14 MLS listings (most billed quarterly; 2026-11-12). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| 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. Flood: of 10 listing addresses checked against the FEMA flood map, 10% sit outside the high-risk zone and 90% inside one, where flood insurance is required with a federally backed mortgage. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 2019 across 24 listings. Newer roofs and current wind-mitigation features usually mean the lower end of insurance quotes. |
Estimated carrying cost at the median asking price, before the mortgage: about $647/month (tax $342, HOA $144, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Fanning Bayou
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Ask an agent about Fanning Bayou
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Fanning Bayou will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Fanning Bayou?
How long do homes in Fanning Bayou take to sell?
Is Fanning Bayou a buyer's or seller's market right now?
How many homes are in Fanning Bayou?
What share of Fanning Bayou is owner-occupied?
When were the homes in Fanning Bayou built?
Who is the best real estate agent for Fanning Bayou?
How do I find a top Panama City real estate agent who knows Fanning Bayou?
Can Momentum Realty connect me with an agent for Fanning Bayou?
Where is Fanning Bayou, and what county is it in?
Is Fanning Bayou in a flood zone?
Should you buy in Fanning Bayou?
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 (3 streets, ZIP 32409)) |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (3 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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