Fox Lake
Homes for Sale in Panama City, FL

Fox Lake market snapshot (as of September 20, 2026): the median sale price is about $250K, and a median 40 days on market for closed sales. The trailing-12-month median is down 12% from the prior 12 months, computed from record-level CPAR MLS closed sales (3 closings in the current window).

In ZIP 32401 (Panama City), 337 homes closed in the last 12 months at a median of $307K, up 0.5% year over year, with a median 62 days on market. Right now 166 active and 29 pending listings — a buyer's market. See the live ZIP 32401 housing market and the Bay County market.

Fox Lake is a community of 14 homes in Panama City, Bay County, built between 1975 and 2023 (median 2015.0), with a median living area of about 1,902 square feet. 38% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Fox Lake in Panama City sits in a small-sample corner of the Bay County market, where a $260,000 median and a 31-day typical marketing period reflect a handful of recent transactions rather than a deep, continuously-refreshed pool of comparables.

When a community shows only four closings in the tracked window, every statistic attached to it carries a wider margin than it would in a higher-volume neighborhood. The $260,000 median is real, but it is an average of a small handful of outcomes — not a statistically stable trend line. Buyers and sellers should use it as a starting reference point for conversation, then lean on a direct comparison of recent, truly comparable sales rather than the median alone.

The median 31-day time-on-market is a similarly useful but limited signal. It suggests homes here aren't lingering for months, but with so few data points, one property that sold quickly — or one that took longer — can move that number noticeably. No amenities are listed against current inventory, so any value here is coming from the house and the lot, not from a shared feature set. That puts more weight on inspection, condition, and pricing strategy than it would in an amenity-driven community.

In a low-volume market like Fox Lake, the median and days-on-market figures need context a spreadsheet can't provide. We pull the actual closed comparables behind the number, walk the property-level differences that are driving price, and help you decide whether the current data supports your offer or asking price — or whether it's too thin to lean on without a second opinion.

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