Forest Park East
Homes for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 114 homes for sale in 32405 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Forest Park East in Panama City, FL has 1 home for sale. As of October 2026, the MLS records 47 closed sales in Forest Park East in Panama City, FL since 2012, the most recent in March 2026.
| Location | Panama City, Bay County, FL · ZIP 32405 |
|---|---|
| Homes in the community | 54 (FL DOR 2025 assessment roll) |
| Years built | 1979–1993 (median 1983.0) |
| Typical living area | 2,432 sq ft (median) |
| For sale right now | 1 active, 0 pending · median asking $425,000 |
| Owner-occupied (homestead) share | 74% |
Data as of September 20, 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, “Forest Park East key facts,” movewithmomentum.com/neighborhoods/forest-park-east--bay, data as of September 20, 2026.
Forest Park East is a small, established pocket of Panama City housing built out between 1980 and 1993, with a median year built of 1986. That age band means the value here is driven almost entirely by condition and updates rather than by floor plan novelty or new-build finishes — two homes on the same street can price very differently depending on what's been touched mechanically and cosmetically.
The current read: a median list-to-close window of just 19 days and a market heat score of 75 point to a tight, active window for sellers, and the 25.1% year-over-year move in median price shows this segment has repriced quickly over the past year. With only 29 homes and 4 closings in the tracked window, the sample is thin enough that a single well-updated sale can shift the median noticeably — treat any one comp with some caution and lean on trend direction over any single data point.
The 60-Second Overview
A compact, established community of 1980s-built homes in Panama City, Bay County, where most owners hold the property as a primary residence rather than a rental or second home.
CPAR sales records identify 6 homes in Forest Park East that have changed hands since 2017, built between 1979 and 1991 (median 1989), with a median living area of about 2,316 sq ft and a typical 3-bedroom, 2.5-bath layout; 83% are single-family homes. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 4 qualified sales in Forest Park East across 2024–2025 (2 in 2024, 2 in 2025), median $317,500 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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 Forest Park East is best for.
Best for
- Buyers seeking an established, larger-footprint home built in the 1980s rather than new construction.
- Buyers comfortable moving decisively in a market with a median 19-day time on market.
- Sellers with a well-maintained or recently updated home who want to test a fast-moving price point.
Probably not for
- Buyers who want to compare a wide range of active listings before deciding.
- Buyers expecting community amenities, since none are currently identified from MLS listings.
- Investors seeking a concentration of rental or turnover inventory, given the high owner-occupancy share.
The market around Forest Park East
Forest Park East is too small for its own price trend, so here is the market around it.
In ZIP 32405, 163 homes are on the market and 23% are under contract — a steady corner of Panama City.
Across Bay County, 2,515 homes are active and 528 pending (17% under contract).
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.
ZIP and county figures describe the wider market, not Forest Park East specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Forest Park East, 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.
Homes For Sale Right Now in Forest Park East
Live MLS inventory for Forest Park East. 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 Forest Park East listings as of 2026-10-01, 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.
Every Home for Sale in Forest Park East Bay Right Now (1)
All 1 active and pending Forest Park East Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 2707 Pembroke Drive, Panama City, Fl 32405 · $425,000 · 3 bd / 3 ba · listed Jul 2, 2026 · listed by Beach King Realty
The Forest Park East buying strategy.
If we were buying in Forest Park East 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 Forest Park East.
Small Inventory, Fast Turnover
With 29 total homes and a median living area of 2,504 square feet, Forest Park East sits toward the larger end of the resale mix for homes of its era — these are not starter-sized floor plans. The median price of $386,250 reflects that combination of size and age, and given the 1980–1993 build range, condition and system updates (roof, HVAC, kitchens/baths) are likely doing more to explain price spread than square footage alone.
The homestead share of 75.9% is notable — it signals that most homes here are owner-occupied primary residences rather than investment or seasonal-use properties, which tends to correlate with more consistent upkeep over time but also means fewer homes turn over as rentals or flips. Combined with a median 19-day time on market, well-priced, well-maintained listings here are not sitting.
The location and the amenities are priced into every listing in Forest Park East. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin — 29 homes and only 4 closings in the current window — pricing off the wrong comp is an easy mistake. We track condition-adjusted value in Forest Park East specifically, not just the headline median, so sellers price to the current pace and buyers know what a given renovation level is actually worth before they write an offer.
Forest Park East 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 Forest Park East 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 Forest Park East sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Forest Park East, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Forest Park East home worth?
Get a no-obligation home value based on real comparable sales in Forest Park East, 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 →
20% of homes for sale in ZIP 32405 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 (2026-09-30).
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.
Frequently Asked Questions
How many homes are in Forest Park East?
What share of Forest Park East is owner-occupied?
When were the homes in Forest Park East built?
Who is the best real estate agent for Forest Park East?
How do I find a top Panama City real estate agent who knows Forest Park East?
Can Momentum Realty connect me with an agent for Forest Park East?
Where is Forest Park East, and what county is it in?
Should you buy in Forest Park East?
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: October 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32405)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (47 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.
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See how Forest Park East fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Forest Park East
- Home values · What homes in Forest Park East actually sell for
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