Panama
Homes for Sale in Jacksonville, FL
All 4,448 homes for sale in Jacksonville, FL · median $299,900 · 181 homes for sale in 32208 · Duval County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of November 2026, the MLS records 13 closed sales in Panama in Jacksonville, FL since 2013, the most recent in August 2024. Across Jacksonville as a whole, 12,696 homes closed in the last 12 months at a median of $304,990, 42 median days on market, with 4,127 homes for sale today. At that median and Duval County's FY2025-26 rate of 17.86 mills, annual property tax runs about $5,450 ($4,710 with the full homestead exemption).
Panama is an older Jacksonville pocket where price is driven far more by condition than by any single spec. With a median year built of 1945 and stock stretching back to 1908, the spread between a fully renovated home and one that needs everything is wide. The median living area sits around 1,397 square feet, so most of what trades here is modest in footprint, and the real question on any given listing is how much work it has absorbed.
Just under half the homes here carry a homestead exemption, which tells you a meaningful share are held as investment or rental rather than owner-occupied. For a buyer, that means competition from investors on the fixer end and a need to underwrite condition carefully. For a seller, it means a renovated, move-in-ready home stands out against a backlog of dated inventory.
Figures in this note are as of July 12, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Panama right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Panama is a compact, older Duval County neighborhood inside Jacksonville where the housing is generally small-footprint and age-varied, and where the condition of a given home matters more than any headline number.
realMLS (Northeast Florida) sales records identify 11 homes in Panama that have changed hands since 2001, built between 1940 and 2019 (median 1947), with a median living area of about 1,118 sq ft and a typical 3-bedroom, 1-bath layout; 100% are single-family homes. Source: realMLS (Northeast Florida) closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 18 qualified sales in Panama across 2024–2025 (14 in 2024, 4 in 2025), median $178,000 — 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 Panama is best for.
Best for
- Buyers seeking a smaller footprint who will underwrite condition carefully
- Renovation-minded buyers willing to take on an older home's systems
- Investors looking at a market with an established rental presence
Probably not for
- Buyers who need move-in-ready certainty without inspection risk
- Buyers wanting large square footage or new construction
- Buyers unwilling to compete with investors on fixer-condition listings
The market around Panama
Panama is too small for its own price trend, so here is the market around it.
In ZIP 32208, 225 homes are on the market and 22% are under contract — a steady corner of Jacksonville.
Across Duval County, 4,325 homes are active and 1,470 pending (25% under contract).
In ZIP 32208 (Jacksonville), 342 homes closed in the last 12 months at a median of $164K ($124/sq ft), down 1.6% year over year, with a median 41 days on market. Right now 93 active and 22 pending listings put supply at about 3.3 months — a balanced market. See the live ZIP 32208 housing market and the Duval County market.
ZIP and county figures describe the wider market, not Panama specifically. Momentum Research analysis of MLS records.
The Panama buying strategy.
If we were buying in Panama 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 Panama.
An age-and-condition market
The building record runs from 1908 to 2024, with the middle of the market anchored around 1945. That range signals infill and rebuilds sitting next to genuinely historic structures, so two homes on the same block can be decades apart in systems, wiring, and foundation type. Inspections here earn their fee.
At a median of roughly 1,397 square feet, this is not a large-home market, and with 536 homes in the count it is a defined, walkable-scale area rather than a sprawling subdivision. The homestead share of about 46 percent points to a real rental and investor presence, which shapes both who you compete with and how quickly certain price tiers move.
The location and the amenities are priced into every listing in Panama. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this condition-driven, the value is in reading each home individually — age of systems, quality of renovation, and how a listing stacks against the older inventory around it. We price and negotiate off the actual house in front of us, not a neighborhood average, and we will tell you plainly when a property's numbers do not work.
Panama in 15 seconds.
Tools for a Panama 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 Panama sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Panama, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Panama home worth?
Get a no-obligation home value based on real comparable sales in Panama, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- Wakefield Avenue (4 homes on record)
- N Laura Street (2 homes on record)
- W 63Rd Street (1 homes on record)
- E 59Th Street (1 homes on record)
Recent Developments in Panama
Development, infrastructure, retail, and school activity affecting Panama, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Development
Downtown board backs $49M incentive for 31-story Fleet Landing Riverside tower
The Downtown Investment Authority voted 7-0 on Oct. 21 to advance a $49.27 million, 20-year, 75% Recapture Enhanced Value Grant for Fleet Landing Riverside. The 31-story senior living tower is proposed at 111 Riverside Ave., the former Haskell headquarters site in Brooklyn. The item now goes to City Council.
What it may mean for the marketA large residential tower on the Riverside Avenue corridor would add construction activity and daily foot traffic to Brooklyn and the nearby Northbank, supporting nearby retail and dining demand. The site is about 5 miles southwest of Panama.
Source: Jacksonville Today - October 2026Market
Northeast Florida home sales dip in September as inventory tightens
Closed sales across the six-county Northeast Florida Association of Realtors area fell 7.7% year over year to 1,608, with the median price at $398,566, up 2.8%. Active inventory dropped 18.4% to 6,348 homes. Median prices were $344,000 in Duval, $575,000 in St. Johns, $355,000 in Clay and $496,500 in Nassau.
What it may mean for the marketLower inventory with softer sales volume points to a thinner supply of listings across all four counties, with Clay the only one of the four showing a year-over-year price decline. The site is about 4 miles south of Panama.
Source: Clay Today - October 2026Development
FSCJ opens large automated semiconductor training lab, a first for Florida
Florida State College at Jacksonville has built a fully automated lab it describes as the first of its kind in Florida for its size. Students train on electrical, robotics, mechatronics, AI inspection and control systems used in chip manufacturing. The college says it aims to help draw semiconductor companies to Northeast Florida and prepare workers for local manufacturers.
What it may mean for the marketA regional technical-training pipeline can support recruitment of advanced manufacturers, which would widen the local employment base. The site is about 4 miles south of Panama.
Source: News4JAX - October 2026Retail & Dining
Council committee defers vote on incentives for Downtown Publix at 119 W. Beaver St.
The Finance Committee deferred a $49.65 million incentive package for Gateway Jax's $140.15 million high-rise anchored by a Publix at 119 W. Beaver St. The tower is planned with 259 apartments and about 400 parking spaces. The committee is scheduled to revisit the bill Nov. 4, the day after the Amendment 3 vote.
What it may mean for the marketThe timing of the first full-size grocery store in the Downtown core depends on the incentive vote, affecting nearby retail access. The site is about 4 miles south of Panama.
Source: Jacksonville Today - September 2026Development
Gateway Jax seeks more than $70 million in city incentives for Riverfront Plaza tower and Hotel Merrydelle
Gateway Jax is requesting about $55.4 million in incentives for a 17-story, roughly $271.5 million Riverfront Plaza tower with 130 to 170 hotel rooms and 50 to 150 residences on Independent Drive. It also seeks a $15 million loan for the nearly $50 million renovation of the former Ambassador Hotel at 420 Julia Street. The Downtown Investment Authority board votes Sept. 16 and City Council has the final say.
What it may mean for the marketIf approved, the projects would add hotel rooms, residences and restaurants along the Downtown riverfront. The site is about 4 miles south of Panama.
Source: Jacksonville Today - September 2026Development
Downtown review board approves concept for first new University of Florida graduate campus building in LaVilla
The Downtown Development Review Board voted 7-0 on Sept. 10 for a six to eight story, roughly 185,000 square foot academic building on a 2.34-acre site bounded by West Bay, Forsyth and North Lee streets. It is the first new building in a multiphase UF graduate and semiconductor institute campus estimated at $345 million. UF hopes to break ground in December, pending final design review and permitting.
What it may mean for the marketA large graduate campus adds education and technology jobs and daytime foot traffic to the western Downtown core. The site is about 5 miles southwest of Panama.
Source: Jacksonville Today
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.
Email me new listings in Panama
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Ask an agent about Panama
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Panama will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
How many homes are in Panama?
What share of Panama is owner-occupied?
When were the homes in Panama built?
Who is the best real estate agent for Panama?
How do I find a top Jacksonville real estate agent who knows Panama?
Can Momentum Realty connect me with an agent for Panama?
Where is Panama, and what county is it in?
How far is Panama from downtown Jacksonville and the beach?
Should you buy in Panama?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32208/32218)) |
| Under-contract shares | realMLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2013 (13 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 realMLS 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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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 listings in Northeast Florida sold at 99.1% of final list price vs. 98.6% for the market, in a median 31 days vs. 41 (realMLS, 12 months to Nov 2026). A Momentum agent can price yours against live local comps.
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