Grove Heights
Homes for Sale in Panama City, FL
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of September 2026, Grove Heights in Panama City, FL has 1 home for sale. Over the 12 months ending 2026-09-12, 4 recorded sales closed at a median of $172,500, a median 212 days on market, sellers accepting 81% of original asking (-9% versus the prior year). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $2,120 ($1,630 with the full homestead exemption).
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 ($172K) is down 8.8% 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 MLS closed sales, 12-month windows ending September 12. Confidence: Low (4 and 3 sales in the two windows).
What's unique here: the median sale price is about 51% below the typical Bay County sale ($172K vs $350K, trailing 12 months, CPAR MLS records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated September 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
Grove Heights market snapshot (as of September 12, 2026): the median sale price is about $172K, and a median 212 days on market for closed sales. The trailing-12-month median is down 9% from the prior 12 months, computed from record-level CPAR MLS closed sales (4 closings in the current window).
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 September 12 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($172K) IS the median in the snapshot above, and the move from 2025 ($189K) IS the -8.8% one-year change.
Windows contain 0 to 4 sales each (4 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 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.
Grove Heights Market Scorecard
Grove Heights is currently a thin data market. Limited supply, a median asking price of $292,500, and homes go under contract in about 197 days.
Typical home value in the 32401 ZIP is $218,437, about 12.2% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Grove Heights
Live MLS inventory for Grove Heights. 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 Grove Heights listings as of 2026-09-12, 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.
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.
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
- 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 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?
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.
Nearby Communities
Explore more neighborhoods near Grove Heights with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: September 12, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2014 (23 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 Grove Heights fits the bigger picture — live prices, inventory, and Momentum Scores: