Holmes
Homes for Sale in Panama City, FL
All 245 homes for sale in Panama City, FL · median $349,900 · 117 homes for sale in 32401 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Holmes Add- Millville in Panama City, FL has 3 homes for sale. As of October 2026, the MLS records 29 closed sales in Holmes Add- Millville in Panama City, FL since 2012, the most recent in May 2026.
Last 30 days in Holmes: 1 new listing (median asking $244,000). As of October 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.
Holmes Add- Millville is an older, established section of Panama City with a housing stock that spans a wide construction era — the earliest homes date to 1907 and the newest to 2024, with a typical home built around 1950. That range means condition, not location, tends to be the biggest swing factor in what a buyer pays: a fully renovated bungalow and an untouched original sit on the same streets but represent very different scopes of work.
With 525 homes in the inventory base and a median living area of roughly 1,403 square feet, this is a community of modest-footprint homes rather than larger new construction. Just over 43% of homes carry a homestead exemption, indicating a meaningful share of long-held, owner-occupied properties mixed in with turnover stock — worth factoring into how quickly a given listing might move or how much deferred maintenance to expect.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
A historic pocket of Panama City where the housing stock itself tells the story — homes built across more than a century sit side by side, and the age of the structure is often the first thing to evaluate before price or layout.
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 Holmes is best for.
Best for
- Buyers comfortable evaluating condition and system age on a case-by-case basis rather than relying on a uniform build era
- Buyers prioritizing a compact, efficient living footprint and an established, close-in location over larger square footage
- Renovation-minded buyers looking for older housing stock with real variation in condition and price
Probably not for
- Buyers who want new construction with predictable systems and no renovation exposure
- Buyers who expect on-site community amenities as part of the purchase
- Buyers who need a larger living footprint than the typical home here provides
The market around Holmes
Holmes is too small for its own price trend, so here is the market around it.
In ZIP 32401, 145 homes are on the market and 15% are under contract — a slower corner of Panama City.
Across Bay County, 2,515 homes are active and 528 pending (17% under contract).
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.
ZIP and county figures describe the wider market, not Holmes specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Holmes
Live MLS inventory for Holmes. 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 Holmes listings as of 2026-10-20, 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 Holmes buying strategy.
If we were buying in Holmes 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 Holmes.
Reading the age spread
The defining fact about Holmes Add- Millville is its construction timeline: homes built from 1907 through 2024, with a median build year of 1950. That is not a typo or a fluke — it reflects a neighborhood that has been continuously built and rebuilt over generations rather than developed in a single wave. For a buyer, that means every listing needs its own condition assessment; there is no shortcut based on 'the neighborhood is old' or 'the neighborhood is new.' Roof age, electrical systems, and foundation work will vary house to house far more than they would in a subdivision built in a five-year window.
No community amenities are identified from current MLS listings, so this is a location built around its housing and its position in Panama City rather than shared recreational infrastructure. At a median living area near 1,403 square feet, homes here skew toward a compact, efficient footprint — a fit for buyers prioritizing lot, walkability, or renovation upside over square footage. The homestead share near 43% suggests a durable core of owner-occupants, which can mean fewer turnover listings at any given time but also more character variation between what is on the market and what is not.
The location and the amenities are priced into every listing in Holmes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community where build year ranges more than a century, the analysis has to happen at the property level, not the neighborhood level. We walk each listing against its actual age, likely system life, and renovation history rather than leaning on neighborhood averages that will not tell you much about the specific house you are considering.
Holmes in 15 seconds.
Tools for a Holmes 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 Holmes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Holmes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Holmes home worth?
Get a no-obligation home value based on real comparable sales in Holmes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Should you buy in Holmes?
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 20, 2026) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (29 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.
Recent Developments in Holmes Add Millville
Development, infrastructure, retail, and school activity affecting Holmes Add Millville, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Development
Tyndall Air Force Base rebuild continues with about 140 new facilities
WJHG reports Tyndall AFB is rebuilding with roughly 140 new hurricane-resistant facilities after Hurricane Michael in 2018, and now hosts F-35 squadrons. Most current projects are expected to finish by 2027, while other buildings await congressional funding and the work has faced labor and budget constraints.
What it may mean for the marketContinued base construction and F-35 operations sustain military and contractor employment and construction activity in the eastern Bay County area. The site is about 12 miles southwest of Holmes Add Millville.
Source: WJHG - August 2026Development
Deal reached to redevelop historic Panama City Grammar School into apartments and townhomes
Panama City reached a deal for developer Zachary Seymour to buy the 1914 Panama City Grammar School on East Seventh Street and convert it to apartments and townhomes. The city would waive about $375,000 in code fines and a $100,000 CRA grant is pending approval. Seymour has one year to finish structural repairs to roofs, windows and doors.
What it may mean for the marketReuse of a vacant historic building would add downtown-area residential units and remove a long-standing vacant property. The project is about 15 miles west of Holmes Add Millville, elsewhere in Bay County.
Source: WJHG - August 2026Infrastructure
Bay County approves $13.5 million water treatment plant expansion
Bay County commissioners approved a $13.5 million contract with NCMC Construction to add three large sand filters (30 by 50 feet each) to the county water treatment plant, which now runs 11 filters. Construction is expected to start soon and take about a year, and officials say water bills should not rise because of it.
What it may mean for the marketAdded filtration and backup capacity supports water service reliability for a county where demand has more than doubled in 15 years. The project is about 13 miles northwest of Holmes Add Millville, elsewhere in Bay County.
Source: WJHG - July 2026Civic
Panama City approves 12-month moratorium on AI data centers
Panama City commissioners unanimously approved a 12-month pause on AI data centers in certain areas, following a six-month restriction adopted by Bay County the prior week. The city said it will use the period to study data center operations and revisit how they fit into local zoning and land-use rules.
What it may mean for the marketA temporary pause shapes where data centers can locate while the city reviews zoning and land-use standards. The project is about 15 miles west of Holmes Add Millville, elsewhere in Bay County.
Source: WJHG News Channel 7 - June 2026Development
Panama City commissioners approve Community Development District for 1,800-home neighborhood
Panama City commissioners approved a Community Development District for a planned neighborhood of about 1,800 homes east of John Pitts Road in north Panama City. Under the CDD, road maintenance within the neighborhood stays with the district rather than transferring to the city.
What it may mean for the marketA new large-scale residential district adds housing supply and internally maintained streets to the north Panama City market. The project is about 12 miles northwest of Holmes Add Millville, elsewhere in Bay County.
Source: WJHG News Channel 7 - June 2026Infrastructure
Panama City moves downtown marina slip construction to bid, ends City Marina Partners deal
Panama City put the first 50 boat slips at the Downtown Marina out for contractor bids, with construction expected to begin shortly after a contract is awarded and the bid window closing June 16. Commissioners also ended their working relationship with City Marina Partners and budgeted payment for work already completed.
What it may mean for the marketProgress on downtown marina slip construction advances waterfront infrastructure in the Panama City core. The project is about 15 miles west of Holmes Add Millville, elsewhere in Bay County.
Source: WJHG News Channel 7
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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Housing distress & ownership in Holmes Add- Millville, 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.
Every Home for Sale in Holmes Add Millville Right Now (1)
All 1 active and pending Holmes Add Millville listings with a detail page, newest first, refreshed twice a day from the MLS.
- 223 N East Avenue, Panama City, Fl 32401 · $244,000 · 3 bd / 2 ba · listed Aug 21, 2026 · listed by Beach Haven Realty
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