Sherwood
Homes for Sale in Panama City, FL
All 268 homes for sale in Panama City, FL · median $349,900 · 161 homes for sale in 32405 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of November 2026, Sherwood in Panama City, FL has 2 homes for sale. Over the 12 months ending 2026-11-11, 5 recorded sales closed at a median of $210,000, a median 125 days on market, sellers accepting 84% of original asking. Homes listed or recently sold were built 1960–1972; 2 of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 14 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $2,580 ($2,090 with the full homestead exemption).
Sherwood's pricing is set by age and condition more than anything else. With a median year built of 1970 and stock spanning 1938 to 2023, the same square footage can show up in very different mechanical and cosmetic shape, and buyers are pricing that in accordingly. The median sits at $205,000, which reflects an older, smaller-footprint market rather than a premium one.
A median days-on-market of 47 and a year-over-year change of -10.9% point to a market that has softened and is taking longer to clear. With a market heat score of 23, this is not a competitive, multiple-offer environment right now — sellers should expect negotiation room, and buyers have time to do real diligence before committing.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Sherwood right now
🟡 Balanced market. 4.8 months of supply and 33% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of CPAR MLS records, as of November 11, 2026. Confidence: Medium (3 active and pending listings, 5 closed sales in 12 months).
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· Updated November 12, 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
Sherwood market snapshot (as of November 11, 2026): the median sale price is about $210K, a median 125 days on market for closed sales, and 4.8 months of supply, a balanced market.
In ZIP 32405 (Panama City), 69 homes closed in the last 12 months at a median of $330K, with a median 69 days on market. Right now 64 active and 20 pending listings put supply at about 11.1 months — a buyer's market. See the live ZIP 32405 housing market and the Bay County market.
CPAR sales records identify 7 homes in Sherwood that have changed hands since 2005, built between 1959 and 1972 (median 1960), with a median living area of about 1,216 sq ft and a typical 3-bedroom, 1-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.
Sherwood in Panama City is an established, small-footprint community where the housing stock spans over eight decades, and current pricing and pace reflect a market that has cooled rather than tightened.
The setting & the homes.
Aerial and on-site photos of Sherwood. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Sherwood
Sherwood
SherwoodPhotos from CPAR MLS listings in Sherwood; content deemed reliable but not guaranteed.
Who Sherwood is best for.
Best for
- A buyer prioritizing a lower purchase price over new construction or amenities.
- Someone comfortable evaluating an older home's condition and budgeting for updates.
- A buyer with flexibility on timeline who can use a slower market to negotiate.
Probably not for
- Anyone requiring community amenities as part of the purchase decision.
- A buyer wanting move-in-ready new construction with minimal condition variance.
- Someone expecting a fast-moving, competitive-offer environment.
Homes For Sale Right Now in Sherwood
Live MLS inventory for Sherwood. 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 · 182 daysTop listingActive · 647 daysActive and pending Sherwood listings as of 2026-11-11, 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.
Sherwood 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 contributors.
The Sherwood buying strategy.
If we were buying in Sherwood 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 Sherwood.
An older stock, priced for it
With 567 homes tracked and a median living area of 1,442 square feet, Sherwood skews toward modest, efficient floor plans rather than larger new construction. The wide year-built spread — 1938 through 2023 — means condition and updates will vary block to block and even house to house, so a walk-through matters more here than the median alone can tell you.
The homestead share of 57.2% suggests a meaningful portion of the community is owner-occupied under Florida's homestead exemption, which is worth understanding at closing since it can affect assessed value carryover for a buyer. No community amenities are identified from current MLS listings, so this is a market to evaluate on the home and lot themselves, not on shared recreational features.
The location and the amenities are priced into every listing in Sherwood. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market with a 47-day median time on market and a heat score of 23, pricing a listing correctly and vetting a purchase carefully both take more judgment than they would in a fast-moving segment. We track Sherwood's actual closings rather than guessing, and we will tell you plainly whether a given house is priced to the current pace or optimistic against it.
Sherwood in 15 seconds.
Tools for a Sherwood 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 Sherwood sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Sherwood, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Sherwood home worth?
Get a no-obligation home value based on real comparable sales in Sherwood, 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 →
Recently off market in Sherwood
Homes in Sherwood 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.
- 3001 W 21st Court A · off market
- 3106 W 21st Court · off market
- 3111 W 22nd Street · off market
| Location | Panama City, Bay County, FL · ZIP 32405 |
|---|---|
| Sale prices, last 12 months | $210,000 median across 5 closed sales |
| Days on market (closed sales) | 125 median |
| For sale right now | 2 active, 1 pending · median asking $217,500 · 4.8 months of supply |
Data as of November 11, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “Sherwood key facts,” movewithmomentum.com/neighborhoods/sherwood--bay, data as of November 11, 2026.
Housing distress & ownership in Sherwood, 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 Sherwood Bay Right Now (3)
All 3 active and pending Sherwood Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 3101 W 22nd Street, Panama City, Fl 32405 · $175,000 · 3 bd / 2 ba · pending · listed Oct 13, 2026 · listed by Nations Best Realty, Inc.
- 3014 W 21st Court, Panama City, Fl 32405 · $240,000 · 3 bd / 1 ba · listed Aug 13, 2026 · listed by EXP Realty LLC
- 3101 W 21st Court, Panama City, Fl 32405 · $195,000 · 3 bd / 1 ba · listed Aug 13, 2026 · listed by Quora Realty
More Panama City home searches
- All homes for sale in Panama City, FL
- Homes for sale in Bay County, FL
- Panama City home values: what is my house worth?
- ZIP 32405 housing scorecard
- 5 coming-soon communities in Bay County
Panama City guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Home insurance cost
- New construction
- ZIP codes
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
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20% of homes for sale in ZIP 32405 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-11-12).
What it really costs to own in Sherwood
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $1,947/yr across 6 listings here (MLS tax records, 2026-11-12). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 1960 across 6 listings. An original roof here would be about 66 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Email me new listings in Sherwood
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Sherwood
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Sherwood will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Sherwood?
How long do homes in Sherwood take to sell?
Is Sherwood a buyer's or seller's market right now?
Who is the best real estate agent for Sherwood?
How do I find a top Panama City real estate agent who knows Sherwood?
Can Momentum Realty connect me with an agent for Sherwood?
Where is Sherwood, and what county is it in?
Is Sherwood a good place to live?
Should you buy in Sherwood?
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: November 11, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending November 11, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (5 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.
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See how Sherwood fits the bigger picture — live prices, inventory, and Momentum Scores: