Hillcrest
Homes for Sale in Panama City, FL
All 256 homes for sale in Panama City, FL · median $349,150 · 304 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
| Location | Panama City, Bay County, FL · ZIP 32404, 32405 |
|---|---|
| Homes in the community | 25 (FL DOR 2025 assessment roll) |
| Years built | 2004–2007 (median 2004) |
| Typical living area | 2,646 sq ft (median) |
| For sale right now | 0 active, 1 pending |
| Owner-occupied (homestead) share | 84% |
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, “Hillcrest key facts,” movewithmomentum.com/neighborhoods/hillcrest--bay, data as of September 20, 2026.
Hillcrest is showing very little in the way of current MLS activity, which makes it hard to draw firm conclusions about pricing or pace right now. When a community has this little listing and closing volume, the honest answer is that the market here is thin rather than slow or soft in any definable sense.
For a buyer or seller, that means relying less on aggregate stats and more on a direct look at whatever is actually active or under contract at the moment. We would rather tell you that than manufacture a trend out of a handful of data points.
The 60-Second Overview
Hillcrest sits within Panama City in Bay County, and the current MLS feed does not identify any specific community amenities tied to the listings we can see.
County records show 3 qualified sales in Hillcrest across 2024–2025 (2 in 2024, 1 in 2025), median $370,000 — 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 Hillcrest is best for.
Best for
- Buyers comfortable making a decision on a specific home's condition and price rather than a neighborhood-wide track record
- Buyers who want a Panama City location and are willing to have an agent hand-check current listings directly
- Buyers not dependent on a defined amenity package as part of the purchase
Probably not for
- Buyers who want data-backed price trends before making an offer
- Buyers specifically seeking a community with clubhouse, pool, or similar shared amenities
- Sellers hoping to price off a well-documented recent-sales pattern in the immediate community
The market around Hillcrest
Hillcrest is too small for its own price trend, so here is the market around it.
In ZIP 32404, 428 homes are on the market and 30% are under contract — a fast-moving corner of Panama City.
Across Bay County, 2,515 homes are active and 528 pending (17% under contract).
In ZIP 32404 (Panama City), 1,060 homes closed in the last 12 months at a median of $290K, down 3.3% year over year, with a median 58 days on market. Right now 391 active and 146 pending listings — a balanced market. See the live ZIP 32404 housing market and the Bay County market.
ZIP and county figures describe the wider market, not Hillcrest specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Hillcrest, 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 Hillcrest
Live MLS inventory for Hillcrest. 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 Hillcrest 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 Hillcrest Bay Right Now (1)
All 1 active and pending Hillcrest Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 3410 Hillcrest Drive, Panama City, Fl 32405 · $585,000 · 3 bd / 2 ba · pending · listed Sep 3, 2026 · listed by Think Real Estate
The Hillcrest buying strategy.
If we were buying in Hillcrest 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 Hillcrest.
A market with limited visibility
Because so little is moving through the MLS in Hillcrest at the moment, we cannot responsibly cite a median price, a typical days-on-market figure, or a closing count here. Any of those numbers, drawn from this little activity, would tell you more about statistical noise than about the actual market.
What we can say is that the neighborhood carries no amenities flagged in current listings, so buyers should not assume clubhouse, pool, or similar community features are part of the package unless a specific listing confirms otherwise. Pricing and condition should be evaluated home by home rather than benchmarked against a community average that does not yet exist in usable form.
The location and the amenities are priced into every listing in Hillcrest. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with this little current MLS data, the value of a local agent is in direct legwork, not report-reading. We pull whatever is active or pending in Hillcrest in real time, check it against comparable activity in surrounding Panama City areas, and tell you plainly when the numbers are too thin to lean on.
Hillcrest 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 Hillcrest 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 Hillcrest sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Hillcrest, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Hillcrest home worth?
Get a no-obligation home value based on real comparable sales in Hillcrest, 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 →
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.
18% 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 (2026-10-04).
Frequently Asked Questions
How many homes are in Hillcrest?
What share of Hillcrest is owner-occupied?
When were the homes in Hillcrest built?
Who is the best real estate agent for Hillcrest?
How do I find a top Panama City real estate agent who knows Hillcrest?
Can Momentum Realty connect me with an agent for Hillcrest?
Where is Hillcrest, and what county is it in?
Should you buy in Hillcrest?
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 (1 streets, ZIP 32404/32405)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (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 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.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Hillcrest fits the bigger picture — live prices, inventory, and Momentum Scores:
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