Old Town
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, Old Town in Panama City, FL has 2 homes for sale. As of October 2026, the MLS records 35 closed sales in Old Town in Panama City, FL since 2012, the most recent in April 2026.
Old Town sits inside Panama City proper, in Bay County, and the current MLS picture is thin: only a couple of closings have come through in the most recent window as of late July 2026. That is not enough volume to anchor a reliable median price, so anyone pricing a listing or building an offer here needs to lean on individual comps rather than a neighborhood average.
With no shared community amenities identified in current listings, whatever draws a buyer to Old Town is going to be the individual home, the lot, and the in-town location rather than a clubhouse or a pool. That puts more weight on condition, lot specifics, and proximity to downtown Panama City when you are comparing one property to another.
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
Old Town is a Panama City neighborhood in Bay County with very limited recent MLS turnover, which means pricing here is set property by property rather than by a neighborhood-wide trend.
CPAR sales records identify 5 homes in Old Town that have changed hands since 2022, built between 1950 and 2019 (median 1953), with a median living area of about 1,376 sq ft and a typical 3-bedroom, 2-bath layout. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
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 Old Town is best for.
Best for
- Buyers focused on a specific home in Panama City rather than a packaged community experience
- Sellers comfortable pricing off individual comps rather than a neighborhood median
- Buyers who want an in-town location and do not need shared amenities
Probably not for
- Buyers who want to compare against a well-established neighborhood median price
- Anyone relying on community amenities as part of the purchase decision
- Buyers who want a large recent-sales data set before making an offer
The market around Old Town
Old Town 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 Old Town specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Old Town
Live MLS inventory for Old Town. 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 Old Town listings as of 2026-10-19, 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 Old Town buying strategy.
If we were buying in Old Town 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 Old Town.
A market with too few data points to average
With closing activity limited to a couple of transactions in the current window, Old Town does not have the volume needed to support a dependable median price or a clear read on days-on-market trends. That is a fact about the data set, not a judgment on the neighborhood itself, but it changes how you should shop or price here.
No shared community amenities are showing up in current MLS listings, so the value proposition in Old Town rests on the individual home and its location inside Panama City rather than on neighborhood infrastructure. Buyers and sellers should expect to do more manual comp work, pulling recent sales on nearby streets and adjusting for condition, rather than relying on a neighborhood snapshot.
The location and the amenities are priced into every listing in Old Town. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
When a neighborhood's MLS data is this thin, the value of a broker is in knowing how to build a credible comp set from scattered, low-volume sales instead of leaning on a neighborhood-wide number that does not really exist yet. We will walk you through exactly what is (and is not) supportable from current data before you price a listing or write an offer in Old Town.
Old Town 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 Old Town 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 Old Town sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Old Town, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Old Town home worth?
Get a no-obligation home value based on real comparable sales in Old Town, 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 →
Should you buy in Old Town?
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 19, 2026) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (35 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 Old Town
Development, infrastructure, retail, and school activity affecting Old Town, 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 9 miles southwest of Old Town.
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 Old Town, 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 Old Town, 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 Old Town, 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 Old Town, 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 12 miles west of Old Town, 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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See how Old Town fits the bigger picture — live prices, inventory, and Momentum Scores:
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Ask an agent about Old Town
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Old Town will answer, and the answer is published on this page for the next buyer.
Common questions about Old Town
Where is Old Town?
Old Town is a community in Panama City, Bay County, Florida, ZIP 32401 / 32405.
Are there homes for sale in Old Town right now?
Yes — 2 active and 0 pending listings as of the last feed refresh (twice daily). They are listed on this page.
Does Old Town have an HOA or CDD?
No HOA is on record for Old Town in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
Housing distress & ownership in Old Town, 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 Old Town Right Now (1)
All 1 active and pending Old Town listings with a detail page, newest first, refreshed twice a day from the MLS.
- 1703 W 10th Street, Panama City, Fl 32401 · $299,900 · 2 bd / 1 ba · pending · listed Aug 12, 2026 · listed by Anchor Realty Florida
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Panama City guides & data
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Florida buyer guides
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- Florida property tax calculator
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- The 4-point inspection, explained
- Florida flood insurance calculator
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Nearby Communities
Explore more neighborhoods near Old Town with Momentum Realty’s local guides.
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.