Grove Heights
Homes for Sale in Panama City, FL
True comps, carrying-cost math, and listings before the portals.
Grove Heights is a condition-driven market. With a median build year of 1965 and a stock that spans 1930 to 2024, what a home sells for here has less to do with the address than with what has been done to the structure — roof, systems, and how far a renovation has gone. The median price sits at $145,000, and the wide age range tells you the spread around that number is real. Two homes on the same street can trade very differently depending on their state.
Posture right now favors patient buyers. The median home is taking about 120 days to move, and prices are down 23.3% year over year — a meaningful correction. That combination means sellers should price to the current market, not last year's, and buyers have room to be selective and to negotiate. This is not a market where you rush.
Grove Heights right now
🔴 Off the recent peak. The trailing-12-month median ($145K) is down 23.3% from the prior 12 months ($189K). With about 2 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level cpar closed sales, 12-month windows ending July 28. Confidence: Low (3 and 3 sales in the two windows).
What's unique here: the median sale price is about 59% below the typical Bay County sale ($145K vs $350K, trailing 12 months, cpar records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 28, 2026 · Live data: cpar, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Grove Heights market snapshot (as of July 28, 2026): the median sale price is about $145K, and a median 120 days on market for closed sales. The trailing-12-month median is down 23% from the prior 12 months, computed from record-level cpar closed sales (3 closings in the current window).
Grove Heights is a community of 165 homes in Panama City, Bay County, built between 1930 and 2024 (median 1965.0), with a median living area of about 1,220 square feet. 34% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Grove Heights is a small, older Panama City pocket of about 165 homes where price tracks condition more than anything else, and the current market is soft enough that neither side should assume last year's numbers.
Who Grove Heights is best for.
Best for
- Value-focused buyers comfortable weighing condition and renovation scope on an older home
- Buyers with a modest budget targeting a compact home around the $145,000 median
- Investors or renovators who can price to a correcting market and act patiently
Probably not for
- Buyers who want a large, new-construction home with turnkey systems
- Buyers who need community amenities like a pool, clubhouse, or shared grounds
- Sellers expecting last year's pricing or a fast, competitive sale
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 28 of each year, from record-level cpar closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($145K) IS the median in the snapshot above, and the move from 2025 ($189K) IS the -23.3% one-year change.
Windows contain 0 to 3 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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.
The Grove Heights buying strategy.
If we were buying in 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 Grove Heights.
An older stock in a resetting market
The housing here is compact and mature — a median of roughly 1,220 square feet and a median vintage of 1965, with individual homes dating as far back as 1930 and as recent as 2024. That age range is the story: you are buying into a neighborhood where inventory has to be evaluated house by house. A newer or fully updated home and an original one from mid-century will not command the same price, and the median masks that gap.
The homestead share is about 34%, meaning a majority of these homes are not owner-occupied as a primary residence. Combined with a 120-day median time on market and a 23.3% year-over-year decline, that points to a market with real supply and slower absorption. No community amenities show up in current MLS listings, so the value proposition is the home itself and its location, not shared facilities.
The location and the amenities are priced into every listing in Grove Heights. 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 Grove Heights 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 (1.7). Basis: Recent Direction -23.3% year-over-year; Owner Commitment 34% owner-occupied; Pricing Power 87.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a condition-driven market that's correcting, the number on the listing sheet tells you almost nothing until you understand what's behind the walls. We walk these homes with an eye on roof, systems, and renovation quality, price against the current market rather than last year's, and use the longer days-on-market as negotiating leverage for buyers or a pricing discipline for sellers.
Grove Heights in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 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 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 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 Grove Heights home worth?
Get a no-obligation home value based on real comparable sales in 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 homes for sale in Grove Heights on the map →
Frequently Asked Questions
What is the median home price in Grove Heights?
How long do homes in Grove Heights take to sell?
How many homes are in Grove Heights?
What share of Grove Heights is owner-occupied?
When were the homes in Grove Heights built?
Who is the best real estate agent for Grove Heights?
How do I find a top Panama City real estate agent who knows Grove Heights?
Can Momentum Realty connect me with an agent for Grove Heights?
Should you buy in Grove Heights?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | cpar closed sales, 12-month windows ending July 28, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (4 streets, ZIP 32401)) |
| Historical depth | Closed-sale records back to 2014 (22 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 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 member average and 8 days faster, and we’ll price yours against live your area comps.
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