Oakland Terrace
Homes for Sale in Panama City, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of September 2026, Oakland Terrace in Panama City, FL has 4 homes for sale, asking from $225,000 to $314,900 (median $263,500). Over the 12 months ending 2026-07-28, 3 recorded sales closed at a median of $152,500, a median 101 days on market, sellers accepting 85% of original asking (-33% versus the prior year). Homes listed or recently sold were built 1942–1960; none of the 4 geocoded homes sit in a FEMA special flood hazard zone (median elevation 35 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $1,870 ($1,390 with the full homestead exemption).
Homes For Sale Right Now in Oakland Terrace
Live MLS inventory for Oakland Terrace. 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 Oakland Terrace listings as of 2026-09-01, 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.
Oakland Terrace is a thin data set right now — only a handful of closings in the current window, with a median price of $152,500 and a typical time on market north of 100 days. When a community trades this infrequently, one or two unusual sales can swing the numbers hard, so the year-over-year drop of nearly 33% should be read as a signal of a slow, condition-sensitive market rather than a precise valuation trend.
With a market heat score in the mid-20s, this is not a competitive, multiple-offer environment. Sellers should expect buyers to take their time and negotiate on price and condition, and buyers who move decisively on a well-priced, well-kept home have room to work terms rather than compete on speed.
Oakland Terrace right now
🔴 Off the recent peak. The trailing-12-month median ($152K) is down 32.7% from the prior 12 months ($226K). With about 7 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 July 28. Confidence: Low (3 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 28, 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
Oakland Terrace market snapshot (as of July 28, 2026): the median sale price is about $152K, and a median 101 days on market for closed sales. The trailing-12-month median is down 33% from the prior 12 months, computed from record-level CPAR MLS closed sales (3 closings in the current window).
Oakland Terrace is a lower-volume pocket of Panama City's Bay County market, where pricing runs on the lower end of the local spectrum and sales move slowly rather than on a set seasonal rhythm.
The setting & the homes.
Aerial and on-site photos of Oakland Terrace. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Oakland Terrace
Oakland Terrace
Oakland Terrace
Oakland TerracePhotos from CPAR MLS listings in Oakland Terrace; content deemed reliable but not guaranteed.
Who Oakland Terrace is best for.
Best for
- Buyers prioritizing a lower purchase price over speed of closing
- Buyers willing to negotiate patiently in a market with little competitive pressure
- Investors or renovators comfortable evaluating condition-driven pricing without amenity-based comps
Probably not for
- Buyers who need a quick close on a tight relocation timeline
- Buyers expecting a robust set of recent comparable sales to validate an offer
- Buyers seeking a community with established shared amenities
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 28 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($152K) IS the median in the snapshot above, and the move from 2025 ($226K) IS the -32.7% one-year change.
Windows contain 2 to 14 sales each (3 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.
Oakland Terrace Market Scorecard
Oakland Terrace is currently a thin data market. Limited supply, a median asking price of $263,500, and homes go under contract in about 34 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.
Housing distress & ownership in Oakland Terrace, 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.
Oakland Terrace on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap contributors.
The Oakland Terrace buying strategy.
If we were buying in Oakland Terrace 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 Oakland Terrace.
A market that rewards patience
The current snapshot shows just a few closings, a median price in the mid-$150s, and a median time on market past 100 days. That combination points to a community where homes sell on their own timeline — driven more by individual condition and pricing decisions than by broad demand pressure. No community amenities are identified from current MLS listings, so buyers here are evaluating the house and lot on their own merits rather than a shared amenity package.
The steep year-over-year change is worth sitting with rather than reacting to. In a market this small, a shift in the mix of what sold — a few more distressed or dated properties, for instance — can move the median significantly without reflecting a real change in what a comparable, move-in-ready home would fetch today. Anyone pricing a listing or building an offer here should lean on recent, comparable closings rather than the trend line alone.
The location and the amenities are priced into every listing in Oakland Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a low-volume market like Oakland Terrace, the difference between a fair price and an overpay comes down to reading a small pool of comparables correctly. We track the actual closings as they happen, not a rolling average that can be skewed by one or two sales, and we price and negotiate accordingly on both sides of the transaction.
Oakland Terrace 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 Oakland Terrace 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 Oakland Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Oakland Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Oakland Terrace home worth?
Get a no-obligation home value based on real comparable sales in Oakland Terrace, 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 Oakland Terrace on the map →
Frequently Asked Questions
What is the median home price in Oakland Terrace?
How long do homes in Oakland Terrace take to sell?
Who is the best real estate agent for Oakland Terrace?
How do I find a top Panama City real estate agent who knows Oakland Terrace?
Can Momentum Realty connect me with an agent for Oakland Terrace?
Should you buy in Oakland Terrace?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Oakland Terrace with Momentum Realty’s local guides.
Data sources & freshness
| Community market stats | CPAR MLS closed sales, 12-month windows ending July 28, 2026 |
| Historical depth | Closed-sale records back to 2012 (90 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 your area comps.
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More Panama City & Panama City & Bay County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Panama City & Bay County or the full Neighborhood Finder.
See how Oakland Terrace fits the bigger picture — live prices, inventory, and Momentum Scores: