Mars Hill
Homes for Sale in Panama City, FL
All 245 homes for sale in Panama City, FL · median $349,900 · 308 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Mars Hill in Panama City, FL has 1 home for sale. As of October 2026, the MLS records 58 closed sales in Mars Hill in Panama City, FL since 2021, the most recent in August 2026.
Mars Hill is not a community with a deep enough MLS trail right now to lean on statistics. The most recent window shows a single closing, which tells you this is a small, quiet corner of the Panama City market rather than a high-turnover subdivision. That thinness cuts both ways: it means pricing here is set case by case, largely on the condition and specifics of whatever home is actually on the market, not on a broad comparable set.
For a buyer, that means less room to lean on 'the market says' and more need to evaluate the individual property on its own terms. For a seller, it means your listing will likely be judged against a short list of true comparables, if any exist at all, so presentation and pricing strategy matter more than they would in a community with steady closing volume.
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
Mars Hill sits in Bay County within Panama City, but current MLS activity here is limited enough that broad market patterns are not yet established.
County records show 4 qualified sales in Mars Hill across 2024–2025 (1 in 2024, 3 in 2025), median $375,000 — 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 Mars Hill is best for.
Best for
- Buyers focused on a specific available home rather than a broader neighborhood comparison
- Sellers with a unique property who are prepared to price based on condition and direct outreach rather than a competitive set
- Buyers comfortable doing extra diligence given the limited transaction history
Probably not for
- Buyers who want to rely on established neighborhood price trends before making a decision
- Sellers expecting a built-in pool of amenity-driven demand
- Anyone needing a fast, data-backed valuation based on recent local comparables
The market around Mars Hill
Mars Hill 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 Mars Hill specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Mars Hill
Live MLS inventory for Mars Hill. 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 Mars Hill 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 Mars Hill buying strategy.
If we were buying in Mars Hill 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 Mars Hill.
A market with a thin trail
With only one closing recorded in the most recent window, Mars Hill does not yet offer the kind of transaction history that supports confident trend-calling. That is not unusual for smaller or less actively traded pockets of a county, but it does change how you should approach either side of a deal here.
No community amenities have been identified from current MLS listings, which suggests this is a straightforward residential setting rather than one built around a clubhouse, pool, or other shared feature. Buyers should verify any amenities directly with a specific listing rather than assuming standard subdivision extras, and sellers should not market amenities that are not documented.
The location and the amenities are priced into every listing in Mars Hill. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
When a community has this little MLS activity to draw on, the value of local, listing-by-listing knowledge goes up. We track what is actually available in Mars Hill in real time and pull comparables from the closest relevant activity in Bay County, rather than forcing conclusions from a data set that is not there.
Mars Hill in 15 seconds.
Email me new listings in Mars Hill
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Mars Hill
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Mars Hill will answer, and the answer is published on this page for the next buyer.
HOA, CDD & Fees
- HOA dues reported around $576/year (about $48/month) · median of 45 MLS listings, most billed annually
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $576 a year ($48 a month) — the median AssociationFee across 45 MLS records, normalised to a monthly figure; most are billed annually. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.
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 Mars Hill 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 Mars Hill sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Mars Hill, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Mars Hill home worth?
Get a no-obligation home value based on real comparable sales in Mars Hill, 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 →
Recently off market in Mars Hill
Homes in Mars Hill that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 5542 Mars Hill Lane · off market
| Location | Panama City, Bay County, FL · ZIP 32404 |
|---|---|
| Homes in the community | 52 (FL DOR 2025 assessment roll) |
| Years built | 2021–2022 (median 2022.0) |
| Typical living area | 2,802 sq ft (median) |
| For sale right now | 1 active, 0 pending · median asking $514,000 |
| Owner-occupied (homestead) share | 64% |
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, “Mars Hill key facts,” movewithmomentum.com/neighborhoods/mars-hill, data as of September 20, 2026.
Housing distress & ownership in Mars Hill, 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 Mars Hill Right Now (1)
All 1 active and pending Mars Hill listings with a detail page, newest first, refreshed twice a day from the MLS.
- 5528 Mars Hill Lane, Panama City, Fl 32404 · $513,000 · 5 bd / 4 ba · listed Aug 6, 2026 · listed by Think Real Estate
More Panama City home searches
- All homes for sale in Panama City, FL
- Homes for sale in Bay County, FL
- Homes under $300K in Panama City
- Homes from $300K to $500K in Panama City
- 4-bedroom homes for sale in Panama City
- Panama City home values: what is my house worth?
- ZIP 32404 housing scorecard
- 3 coming-soon communities in Bay County
Panama City guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Home insurance cost
- New construction
- ZIP codes
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
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23% of homes for sale in ZIP 32404 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 (2026-10-20).
Recent Developments in Mars Hill
Development, infrastructure, retail, and school activity affecting Mars Hill, 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 10 miles southwest of Mars Hill.
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 12 miles west of Mars Hill, 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 11 miles northwest of Mars Hill, 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 12 miles west of Mars Hill, 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 9 miles northwest of Mars Hill, 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 13 miles west of Mars Hill, 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.
Frequently Asked Questions
How many homes are in Mars Hill?
What share of Mars Hill is owner-occupied?
When were the homes in Mars Hill built?
Who is the best real estate agent for Mars Hill?
How do I find a top Panama City real estate agent who knows Mars Hill?
Can Momentum Realty connect me with an agent for Mars Hill?
Where is Mars Hill, and what county is it in?
Should you buy in Mars Hill?
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) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32404)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2021 (58 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.
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