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Homes for Sale in Panama City, FL

By , Co-Founder, Momentum Realty · Updated November 11, 2026

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268 homes are for sale in Panama City, FL as of 2026-11-11, with 218 more under contract. The median list price is $349,900, most homes list between $190K to $665K, and the median listing has been on the market 84 days. 64 homes came on the market this week and 371 sold in the last 12 months at a median of $300,000.

Panama City, FL key facts
LocationBay County, FL
ZIP codes with their own page5
For sale right now268 active, 218 under contract
Asking prices$349,900, median · most homes $190K–$665K
Median days on market (active listings)84
New listings this week64
Homes sold, last 12 months371 at a median of $300,000

Listing counts and prices as of 2026-11-11; MLS data, refreshed nightly; sold figures are trailing 12 months of closed sales. Market figures describe homes, not residents. Cite as: Momentum Realty, “Panama City, FL key facts,” movewithmomentum.com/homes-for-sale/panama-city-fl/, data as of 2026-11-11.

Browse all 1,325 homes for sale in Panama City, FL — the complete list, newest first.

268
Homes for sale
$349,900
Median list price
$190K to $665K
Typical range
84
Median days on market
64
New this week
218
Under contract
$2,364
Est. monthly cost at median
8.7
Months of supply

Newest homes for sale in Panama City

The most recently listed homes in Panama City, newest first, with photos. Each card opens the full listing with every photo, the community’s sales history and a tour request. Homes marked New listed in the last seven days.

7115 Thomas Drive 1803, Panama City, FL 32408, home for sale in Panama City
$1.35M New
3 bd · 3 ba · built 2001
7115 Thomas Drive 1803, Panama City, FL 32408, 32408
Hidden Dunes Condo
Listing courtesy of Think Real Estate
6609 Thomas Drive 1403, home for sale in Panama City
$799,900 New
2 bd · 2 ba · built 1999
6609 Thomas Drive 1403, 32408
Coral Reef Condo
Listing courtesy of Emerald Sands Real Estate
8715 Surf Drive 1506B, home for sale in Panama City
$665,000 New
2 bd · 2 ba · built 2004
8715 Surf Drive 1506B, 32408
Gulf Crest Condo
Listing courtesy of Superior Of Florida, LLC.
9900 S Thomas Drive 431, home for sale in Panama City
$635,000 New
3 bd · 3 ba · built 2007
9900 S Thomas Drive 431, 32408
Shores Of Panama
Listing courtesy of Dalton Wade Inc
4050 Marriott Drive 3803, home for sale in Panama City
$575,000 New
2 bd · 2 ba · built 2007
4050 Marriott Drive 3803, 32408
Bay Point Grand Residences
Listing courtesy of Counts Real Estate Group Inc
4715 Thomas Drive 303C, home for sale in Panama City
$500,000 New
2 bd · 2 ba · built 1985
4715 Thomas Drive 303C, 32408
The Commodore
Listing courtesy of Century 21 BE3
11347 Front Beach Road 104, Panama City, FL 32407, home for sale in Panama City
$495,000 New
1 bd · 2 ba · built 1990
11347 Front Beach Road 104, Panama City, FL 32407, 32407
Edgewater Beach
Listing courtesy of Coastal Vibes Luxury Realty
9900 S Thomas Drive 804, home for sale in Panama City
$474,900 New
2 bd · 3 ba · built 2007
9900 S Thomas Drive 804, 32408
Shores Of Panama
Listing courtesy of Coastal Palms Real Estate
4100 Marriott Drive 210, home for sale in Panama City
$449,000 New
2 bd · 2 ba · built 2007
4100 Marriott Drive 210, 32408
Reflections
Listing courtesy of Dalton Wade Inc
6505 Thomas Drive 202, home for sale in Panama City
$425,000 New
2 bd · 2 ba · built 1985
6505 Thomas Drive 202, 32408
Summerhouse Of P.C.
Listing courtesy of Dalton Wade Inc
6505 Thomas Drive 1008, home for sale in Panama City
$415,000 New
2 bd · 2 ba · built 1982
6505 Thomas Drive 1008, 32408
Summerhouse Of P.C.
Listing courtesy of LoKation Real Estate
4620 Bay Point Road 1037, Panama City, FL 32408, home for sale in Panama City
$399,000 New
2 bd · 2 ba · built 1986
4620 Bay Point Road 1037, Panama City, FL 32408, 32408
Marina Club Village
Listing courtesy of Keller Williams Realty Southeast Alabama
6505 Thomas Drive 804, Panama City, FL 32408, home for sale in Panama City
$399,000 New
2 bd · 2 ba · built 1984
6505 Thomas Drive 804, Panama City, FL 32408, 32408
The Summerhouse Of P.C.
Listing courtesy of Counts Real Estate Group Inc
8743 Thomas Drive 1419, home for sale in Panama City
$368,900 New
1 bd · 2 ba · built 1984
8743 Thomas Drive 1419, 32408
The Summit
Listing courtesy of Fun Quest Vacation Rentals Corp
9850 S Thomas Drive 706E, home for sale in Panama City
$360,000 New
1 bd · 1 ba · built 1984
9850 S Thomas Drive 706E, 32408
Sunbird Condo
Listing courtesy of Beachy Beach Real Estate
9900 S Thomas Drive 1612, home for sale in Panama City
$349,900 New
2 bd · 2 ba · built 2007
9900 S Thomas Drive 1612, 32408
Shores Of Panama
Listing courtesy of Ohana Real Estate Services
6901 N Lagoon Drive 10, Panama City, FL 32408, home for sale in Panama City
$337,500 New
2 bd · 3 ba · built 1974
6901 N Lagoon Drive 10, Panama City, FL 32408, 32408
Palisades Condo
Listing courtesy of Dalton Wade Inc
9850 S Thomas Drive 1112E, home for sale in Panama City
$334,950 New
1 bd · 1 ba · built 1984
9850 S Thomas Drive 1112E, 32408
Sunbird Condo
Listing courtesy of Lowest Fee Realty LLC
4272 Kingfish Lane 272, Panama City, FL 32408, home for sale in Panama City
$330,000 New
1 bd · 1 ba · built 1980
4272 Kingfish Lane 272, Panama City, FL 32408, 32408
Bay Point Studio Villas
Listing courtesy of Emerald Coastal Inc
8743 Thomas Drive 1408, home for sale in Panama City
$325,000 New
1 bd · 2 ba · built 1984
8743 Thomas Drive 1408, 32408
The Summit
Listing courtesy of Fun Quest Vacation Rentals Corp
9860 S Thomas Drive 109, home for sale in Panama City
$324,900 New
3 bd · 2 ba · built 2008
9860 S Thomas Drive 109, 32408
Laketown Wharf
Listing courtesy of Coastal Living Realty & Associates
100 Cherry Street 501, Panama City, FL 32401, home for sale in Panama City
$310,000 New
2 bd · 2 ba · built 1975
100 Cherry Street 501, Panama City, FL 32401, 32401
Cove Condominium
Listing courtesy of Coldwell Banker Realty
4286 Kingfish Lane 286, Panama City, FL 32408, home for sale in Panama City
$299,900 New
1 bd · 1 ba · built 1980
4286 Kingfish Lane 286, Panama City, FL 32408, 32408
Bay Point Studio Villas
Listing courtesy of Emerald Coastal Inc
9850 S Thomas Drive 309E, home for sale in Panama City
$299,000 New
1 bd · 1 ba · built 1984
9850 S Thomas Drive 309E, 32408
Sunbird Condo
Listing courtesy of Lifes A Beach Real Estate, LLC

Panama City homes for sale by price

Every active listing in Panama City grouped by price, with the newest listings in each band. The median is $349,900; the busiest band is $300K – $400K.

Under $200K: 32 homes

$200K – $300K: 64 homes

$300K – $400K: 80 homes

$400K – $500K: 37 homes

$500K – $750K: 35 homes

$750K – $1M: 12 homes

$1M and up: 8 homes

Every home for sale in Panama City right now (268)

All 268 active Panama City listings with a detail page, newest first, refreshed twice a day from the MLS.

Pending and under contract in Panama City (218)

Panama City homes that have an accepted offer and are working toward closing. They can still fall through, so each one keeps its page until it closes.

Browse every listing on Momentum Realty.

Homes for sale in Panama City by ZIP code

Where the inventory is: active listings and the median asking price by ZIP. ZIPs link to their housing scorecard.

ZIPHomes for saleMedian list price
32408200$359,950
3240132$299,500
3240413$139,000
324138$518,000
324097$217,000
324054$167,000
324074$422,000

Panama City communities with the most homes for sale

The Panama City neighborhoods and subdivisions with active listings, the median asking price in each, and what homes there actually sold for over the last 12 months. Community names open the community guide with live inventory, sales history, HOA and schools.

CommunityFor saleMedian listMedian sold (12 mo)Days on market
Liberty45$314,900——
Laketown Wharf38$349,000——
Parkbrook28$310,991——
Titus Park25$350,000——
Sweetbay24$489,250——
College Station22$380,523——
Shores Of Panama22$395,000——
Sunrise At East Bay16$282,925——
Highland City14$280,000——
Holiday Beach14$556,900——
Bridge Harbor11$359,000——
Lake Merial11$493,947——
Boardwalk Central10$478,000——
Villas Of St. Thomas10$299,500——
Kings Point9$656,455——
Biltmore Beach9$419,000——
Hodges Bayou Plantation9$399,900——
Sunbird Condo9$300,000——
Morningside7$309,900——
Bay Point7$1.05M——
East Bay Park7$350,000——
Venetian Villa7$279,900——
Magnolia Ridge6$290,238——
Callaway6$339,950——
Harbour Village At Historic St Andrews6$887,500——
Harvey Heights6$293,490——
Reflections6$434,950——
Sudduths6$419,500——
Sunrise Beach6$518,000——
Callaway Corners5$248,900——

What is for sale in Panama City: property types

Another 837 listings in Panama City are land, commercial or other non-residential property and are not counted above.

Browse by type: Condos for sale in Panama City (233) · Manufactured and Mobile Homes for sale in Panama City (34).

The Panama City real estate market right now

Over the last 12 months 371 homes sold in Panama City at a median of $300,000. Sellers received 94% of list price and homes took a median 84 days to go under contract. With 268 homes for sale against that sales pace, months of supply is 8.7, a buyer’s market by the six-month rule. New construction was 52% of sales.

Panama City supply by price band

Price bandActiveSold, 12 moMonths of supplyDOM
Under $300K1181738.277
$300K–$500K15313213.995
$500K–$750K676013.463
$750K+97None28

Panama City home prices by year

Median sold price, closed sales, days on market and sale-to-list ratio by year, from Momentum’s MLS record.

YearMedian sold priceHomes soldDays on marketSale-to-list
2020$135,902473289%
2021$228,061962295%
2022$326,6911172198%
2023$428,596195096%
2024$323,162572596%
2025$273,25813810493%
2026$364,9623718494%

What a home in Panama City costs to own

Take the median $349,900 listing with 20% down at today’s 7.18% 30-year rate: principal and interest run about $1,896/month. Bay County’s typical millage of 12.28 puts property tax near $3,682/year after the $50,000 homestead exemption — and that is the reset bill a buyer pays, not the seller’s capped one. Citizens’ average premium in Bay County is about $1,928/year; newer roofs and inland addresses usually quote below it. All in, plan on roughly $2,364/month plus any HOA or CDD assessment.

Explore Panama City

Homes for sale near Panama City

Recently off market in Panama City

Homes in Panama City that left the market most recently, with their last list price and a public-record page for each address. Off-market pages keep the community, tax and sales-history context after a listing closes or expires.

Neighborhoods buyers are searching for in Panama City

Panama City guides & data

Everything we publish about Panama City: live listings by type, prices and market data, taxes, insurance and what it costs to live here.

Common questions

How many homes are for sale in Panama City, FL?
As of 2026-11-11, Momentum's MLS record shows 268 residential homes actively listed for sale in Panama City and 218 under contract. 64 of them came on the market in the last 7 days.
What is the median home price in Panama City?
The median list price of homes for sale in Panama City is $349,900. Ten percent of listings are under $190K and ten percent are above $665K. Over the last 12 months the median SOLD price was $300,000.
How long do homes take to sell in Panama City?
Homes currently listed have been on the market a median of 84 days. Homes that sold in the last 12 months took a median of 84 days and sold at 94% of list price. At today's inventory that is 8.7 months of supply, a buyer's market by the usual six-month rule.
What does a $349,900 home in Panama City cost per month?
Roughly $2,364 a month with 20% down at 7.18%: principal and interest of $1,896, Bay County property tax of about $307/month after the $50,000 homestead exemption, and insurance near $161/month at the Citizens county average. HOA or CDD fees, where they apply, come on top.
Which Panama City neighborhoods have the most homes for sale?
The communities with the most active listings right now are Liberty (45), Laketown Wharf (38), Parkbrook (28), Titus Park (25), Sweetbay (24). Each community page carries its own sales history, live inventory and schools.
How do I see a home for sale in Panama City?
Every listing on this page opens a full page with all photos, the community's data and a tour request. A Momentum agent who works Panama City can show any home here, whether it is our listing or another brokerage's, at no cost to a buyer. Call (904) 351-6461 or use the form below.
Where is Panama City, FL, and what county is it in?
Panama City is in Bay County, Florida. Homes for sale there today carry the ZIP codes 32408, 32401, 32404, 32413, 32409, 32405, 32407. Nearby cities in the same county with homes for sale: Panama City Beach, Mexico Beach, Fountain, Youngstown, Southport.
What ZIP codes are in Panama City, FL?
Listings in Panama City are currently in 7 ZIP codes: 32408, 32401, 32404, 32413, 32409, 32405, 32407. The ZIP table above shows how many homes are for sale in each and the median asking price.
How do I buy a house in Panama City, FL?
Start with the numbers: 268 homes are for sale in Panama City today at a median asking price of $349,900, so a 20% down payment on the median home is about $69,980 and principal and interest run near $1,896/month at today's 7.18% 30-year rate. Connect with an agent first, sign a written buyer agreement with your agent (required before touring since August 2024), then search by price band, ZIP or community above. Our Florida buyer closing-cost calculator itemizes the cash to close, and the Florida first-time buyer guide covers programs and down-payment help.
What county is Panama City in?
Panama City is in Bay County, Florida. Bay County's 12-month median sale price is $365K on 1,045 closings. Property tax, school zoning and permitting for Panama City run through Bay County.
Is Panama City a good place to live?
That depends on your budget, commute and the kind of home you want, so here is what the housing data says about Panama City: the median sale price over the last 12 months was $300K across 371 closings, 18% below the Bay County median of $365K; homes took a median 84 days to go under contract; new construction was 52% of sales; the communities with the most sales are Liberty, Titus Park, Magnolia Ridge, Sweetbay. The market tracker, price bands and community pages on this site carry the full numbers.
Is Panama City in a flood zone?
Partly. Across 191 homes sampled in Panama City's largest communities, about 90% sit outside a FEMA Special Flood Hazard Area (Zone X) and about 10% are inside one (Zone A or AE), where a lender requires flood insurance. Flood zones are drawn parcel by parcel, so check the exact address on FEMA's flood map; each community page here shows its own mix.

Listings, counts and prices are from Momentum Realty’s MLS record of active residential listings in Panama City as of 2026-11-11 and refresh as homes list and sell. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. The data relating to real estate for sale on this page comes in part from the Internet Data Exchange (IDX) program of the MLS(s) named above; listings held by brokerages other than Momentum Realty are marked with the listing brokerage’s name. Information is deemed reliable but not guaranteed. Estimates are not guarantees. Equal Housing Opportunity.

More communities in Panama City

Amigo Estates · Bayou Pointe Villas · Cedar Bluff One · Cooks Bayou Estates · Cove Harbor · Gilbert Lake Estates U · Glen Haven · Hiland Park · Hinson & Blackmon · Lagoon Oaks · Maegan'S Ridge · Magnolia View · Mashburns 1 To Parker · Oak Lane · Oakshore Villas Townhouses · Oakwoods · Pine Glen RV Park · Pine Orchards Heights · Singleton Estates · Springlake · Sudduths · The Traditions · Tupelo Court · White Western

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