Park Place
Homes for Sale in Panama City, FL
True comps, carrying-cost math, and listings before the portals.
Price here is condition- and vintage-driven, not amenity-driven. Park Place spans a remarkably wide build range, from turn-of-the-century structures through 2024 construction, but the median year built lands at 2021 and the median home runs about 2,096 square feet. That means the typical transaction is newer, mid-sized product, and the median sits at $312,900. Expect a wide spread around that number depending on whether you're looking at a recently built home or something much older.
The market posture is flat and unhurried. Year-over-year is essentially unchanged at 0.9%, and the median home takes 42 days to sell — enough time that buyers can be deliberate and sellers should price to the comps rather than reach. With no identified community amenities carrying the value, the house itself has to do the work on both sides of the table.
Park Place right now
🟡 Still climbing. The trailing-12-month median ($313K) is up 0.9% from the prior 12 months ($310K). With about 29 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 closed sales, 12-month windows ending July 28. Confidence: Very High (37 and 43 sales in the two windows).
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Updated July 28, 2026 · Live data: cpar, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Park Place market snapshot (as of July 28, 2026): the median sale price is about $313K, and a median 42 days on market for closed sales. The trailing-12-month median is up 1% from the prior 12 months, computed from record-level cpar closed sales (37 closings in the current window).
Park Place is a community of 318 homes in Panama City, Bay County, built between 1900 and 2024 (median 2021.0), with a median living area of about 2,096 square feet. 47% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Park Place in Panama City is a newer-leaning pocket by median vintage, but its housing stock stretches back more than a century, so two listings at the same price can be very different homes. Under half of the homes carry a homestead exemption, so this is not a uniformly owner-occupied street.
Who Park Place is best for.
Best for
- Buyers targeting newer construction around the mid-$300s who want mid-sized square footage
- Deliberate buyers who value a 40-plus-day market where there's room to inspect and negotiate
- Owner-occupants comfortable in a mix-use street rather than a uniformly owner-occupied one
Probably not for
- Buyers who need community amenities like a pool or gated entry
- Investors chasing fast appreciation, given the essentially flat year-over-year movement
- Buyers unwilling to scrutinize a home's age and condition against the right comps
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 closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($313K) IS the median in the snapshot above, and the move from 2025 ($310K) IS the +0.9% one-year change.
Windows contain 0 to 48 sales each (37 in the current window); every figure carries its sample size. 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 Park Place buying strategy.
If we were buying in Park Place 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 Park Place.
A wide-vintage market that trades on the house itself
The headline tension in Park Place is age. A build range from 1900 to 2024 against a 2021 median tells you the recent construction dominates the middle of the market, but the older tail is real and it matters to price. Because no community amenities were identified from current MLS listings, there's no pool, gate, or shared feature propping up values — condition, square footage, and vintage carry the number.
With 318 homes and a closings window of 37 recent sales, there's enough turnover to read comps but not so much that any single sale defines the market. A 42-day median days-on-market gives buyers room to inspect and negotiate, and it tells sellers that mispriced listings will sit. The homestead share below half suggests a mix of uses, which is worth understanding before you assume everyone around you is a long-term owner-occupant.
The location and the amenities are priced into every listing in Park Place. 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 Park Place 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 3 factors (7.0). Basis: Recent Direction +0.9% year-over-year; Owner Commitment 47% owner-occupied; Pricing Power 100.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
The value question in Park Place is almost entirely about matching a specific home's age and condition to the right comp — a 1900-era structure and a 2024 build should never be priced off the same list. We read the closings individually rather than leaning on the median, and with a 42-day typical selling pace, we'll tell you when a listing is priced to move and when it's priced to sit.
Park Place in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 Park Place 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 Park Place sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Park Place, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Park Place home worth?
Get a no-obligation home value based on real comparable sales in Park Place, 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 Park Place on the map →
Frequently Asked Questions
What is the median home price in Park Place?
How long do homes in Park Place take to sell?
How many homes are in Park Place?
What share of Park Place is owner-occupied?
When were the homes in Park Place built?
Who is the best real estate agent for Park Place?
How do I find a top Panama City real estate agent who knows Park Place?
Can Momentum Realty connect me with an agent for Park Place?
Should you buy in Park Place?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | cpar closed sales, 12-month windows ending July 28, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (7 streets, ZIP 32404/32405)) |
| Historical depth | Closed-sale records back to 2020 (204 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 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 member average and 8 days faster, and we’ll price yours against live your area comps.
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