Palmetto Trace
Homes for Sale in Panama City Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of September 2026, Palmetto Trace in Panama City Beach, FL has 11 homes for sale and 3 pending, asking from $294,000 to $664,800 (median $475,000). Over the 12 months ending 2026-07-28, 19 recorded sales closed at a median of $435,000, a median 42 days on market, sellers accepting 97% of original asking (+4% versus the prior year). Homes listed or recently sold were built 2002–2008; 14 of 14 report an HOA (median $83/mo); none of the 12 geocoded homes sit in a FEMA special flood hazard zone (median elevation 27 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $5,340 ($4,860 with the full homestead exemption).
Homes For Sale Right Now in Palmetto Trace
Live MLS inventory for Palmetto Trace. 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 Palmetto Trace listings as of 2026-09-05, 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.
Palmetto Trace prices around a median of $435,000, and the story here is age and size, not amenities. With a median year built of 2003 and a median living area just over 2,000 square feet, buyers are paying for established construction and workable floor plans rather than a clubhouse or gate — MLS data shows no community amenities tied to this neighborhood.
A market heat score of 51 puts this squarely in balanced territory, and a median 42 days on market backs that up: homes here move at a normal pace, not on urgency. With 19 closings in the most recent window against a base of 210 homes, there's enough turnover to read the market clearly, but not so much that pricing gets bid up. Year-over-year movement of 3.6% is modest, steady appreciation — not a spike, not a stall.
Palmetto Trace right now
🟡 Still climbing. The trailing-12-month median ($435K) is up 3.6% from the prior 12 months ($420K) and up 87% since 2012. With about 30 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: High (19 and 19 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
Palmetto Trace market snapshot (as of July 28, 2026): the median sale price is about $435K, and a median 42 days on market for closed sales. The trailing-12-month median is up 4% from the prior 12 months and up 87% since 2012, computed from record-level CPAR MLS closed sales (19 closings in the current window).
Palmetto Trace is a community of 210 homes in Panama City Beach, Bay County, built between 2002 and 2007 (median 2003), with a median living area of about 2,023 square feet. 55% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Built out mainly between 2002 and 2007, Palmetto Trace is a Panama City Beach community of 210 homes where the housing stock has settled into a consistent, mid-2000s profile rather than a mix of eras.
The setting & the homes.
Aerial and on-site photos of Palmetto Trace. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Palmetto TracePhotos from CPAR MLS listings in Palmetto Trace; content deemed reliable but not guaranteed.
Who Palmetto Trace is best for.
Best for
- Buyers targeting a home built in the early-to-mid 2000s with a straightforward, single-era construction profile
- Buyers comfortable with a no-frills community and willing to invest in updates rather than shared amenities
- Buyers working with a budget centered near the $435,000 median who want steady, moderate market pace rather than competitive bidding
Probably not for
- Buyers who require resort-style or gated amenities as part of the purchase decision
- Buyers looking for brand-new construction or a wide range of build years to choose from
- Buyers expecting rapid turnover or high competitive urgency, given the 42-day median time on market
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 ($435K) IS the median in the snapshot above, and the move from 2025 ($420K) IS the +3.6% one-year change.
Windows contain 12 to 47 sales each (19 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.
Palmetto Trace Market Scorecard
Palmetto Trace is currently a thin data market. Limited supply, a median asking price of $475,000, and homes go under contract in about 117 days.
Typical home value in the 32413 ZIP is $470,917, about 24.3% above 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 Palmetto Trace, Panama City Beach
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.
Palmetto Trace 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, tiles © CARTO.
The Palmetto Trace buying strategy.
If we were buying in Palmetto Trace 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 Palmetto Trace.
Consistent Construction Era, Steady Demand
The tight build window — 2002 to 2007 — means most homes in Palmetto Trace share similar construction standards, layouts, and age-related maintenance profiles. That consistency simplifies comparisons for buyers: fewer wildcards on roof age, systems, or era-specific finishes than you'd find in a neighborhood built across three decades.
The 55.2% homestead share tells you that just over half of these homes are owner-occupied as primary residences, with the rest split among non-homestead use. That mix, combined with a balanced heat score and a 42-day median market time, suggests a community where pricing is driven by individual home condition and updates more than by competitive bidding pressure.
The location and the amenities are priced into every listing in Palmetto Trace. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Palmetto Trace buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.7). Basis: Long-Term Appreciation +87% since 2012; Recent Direction +3.6% year-over-year; Owner Commitment 55% owner-occupied; Pricing Power 97.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a neighborhood with a narrow build window and no shared amenities to lean on, the differentiators are all in the details — condition, updates, and how a given closing compares to the 19 recent sales in this range. We track those specifics closely so pricing conversations start from real comparables, not guesswork.
Palmetto Trace 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 Palmetto Trace 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 Palmetto Trace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palmetto Trace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palmetto Trace home worth?
Get a no-obligation home value based on real comparable sales in Palmetto Trace, 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 Palmetto Trace on the map →
Recently off market in Palmetto Trace
Homes in Palmetto Trace 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. 3 on record.
- 103 Park Place · off market
- 105 Amherst Way · off market
- 70 Park Place · off market
Frequently Asked Questions
What is the median home price in Palmetto Trace?
How long do homes in Palmetto Trace take to sell?
How many homes are in Palmetto Trace?
What share of Palmetto Trace is owner-occupied?
When were the homes in Palmetto Trace built?
Have Palmetto Trace home prices gone up?
Who is the best real estate agent for Palmetto Trace?
How do I find a top Panama City Beach real estate agent who knows Palmetto Trace?
Can Momentum Realty connect me with an agent for Palmetto Trace?
Should you buy in Palmetto Trace?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Palmetto Trace with Momentum Realty’s local guides.
Data sources & freshness
| Community market stats | CPAR MLS closed sales, 12-month windows ending July 28, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (community parcel extract) |
| Historical depth | Closed-sale records back to 2012 (442 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 local comps.
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Palmetto Trace fits the bigger picture — live prices, inventory, and Momentum Scores: