Pine Woods
Homes for Sale in Panama City, FL

Pine Woods is a Bay County neighborhood of 341 homes built across a wide span of decades, centered on a median construction year of 1983 and a median home size of roughly 1,379 square feet.

CPAR sales records identify 6 homes in Pine Woods that have changed hands since 2018, built between 1980 and 1994 (median 1982), with a median living area of about 1,330 sq ft and a typical 3-bedroom, 2-bath layout; 67% are single-family homes. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

County records show 22 qualified sales in Pine Woods across 2024–2025 (13 in 2024, 9 in 2025), median $205,000 — 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.

Pine Woods is too small for its own price trend, so here is the market around it.

In ZIP 32404, 428 homes are on the market and 30% are under contract — a fast-moving corner of Panama City.

Across Bay County, 2,515 homes are active and 528 pending (17% under contract).

In ZIP 32404 (Panama City), 1,060 homes closed in the last 12 months at a median of $290K, down 3.3% year over year, with a median 58 days on market. Right now 391 active and 146 pending listings — a balanced market. See the live ZIP 32404 housing market and the Bay County market.

ZIP and county figures describe the wider market, not Pine Woods specifically. Momentum Research analysis of MLS records.

The construction timeline here runs from 1955 up to as recent as 2023, which is an unusually wide range for a single-name neighborhood. In practice that means Pine Woods is less one uniform product and more a patchwork of eras — original mid-century construction, a wave of 1980s-era building around the median, and scattered newer infill. Buyers should expect to evaluate each listing on its own mechanical and structural merits rather than assuming a shared build standard across the community.

The homestead share sitting just above half suggests a meaningful non-homestead segment as well, which typically points to some mix of investment ownership, second homes, or recent turnover where a new homestead filing hasn't yet posted. Neither posture dominates — this isn't a community defined primarily by rentals nor one where everyone has settled in long-term. That balance is worth factoring into how a buyer reads resale expectations and how a seller thinks about their competitive set at listing time.

In a neighborhood where house condition varies more than location does, the value of local, listing-by-listing knowledge goes up. We walk Pine Woods properties with an eye on age-appropriate red flags — roof, HVAC, and systems that track with a home's actual build year rather than its neighborhood reputation — and we price and position each listing against its true comparable set, not a neighborhood average that can mask wide swings in condition.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.