Sherwood
Homes for Sale in Panama City, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
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.
Sherwood right now
🔴 Off the recent peak. The trailing-12-month median ($205K) is down 10.9% from the prior 12 months ($230K). With about 7 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: Low (5 and 5 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
Sherwood market snapshot (as of July 28, 2026): the median sale price is about $205K, and a median 47 days on market for closed sales. The trailing-12-month median is down 11% from the prior 12 months, computed from record-level cpar closed sales (5 closings in the current window).
Sherwood is a community of 567 homes in Panama City, Bay County, built between 1938 and 2023 (median 1970), with a median living area of about 1,442 square feet. 57% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
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.
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.
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 ($205K) IS the median in the snapshot above, and the move from 2025 ($230K) IS the -10.9% one-year change.
Windows contain 1 to 13 sales each (5 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 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.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Sherwood 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 (3.3). Basis: Recent Direction -10.9% year-over-year; Owner Commitment 57% owner-occupied; Pricing Power 86.4% sale-to-list. Refreshed with each data update.
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.
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 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 homes for sale in Sherwood on the map →
Frequently Asked Questions
What is the median home price in Sherwood?
How long do homes in Sherwood take to sell?
How many homes are in Sherwood?
What share of Sherwood is owner-occupied?
When were the homes in Sherwood built?
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?
Should you buy in Sherwood?
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 (8 streets, ZIP 32401/32404/32405)) |
| Historical depth | Closed-sale records back to 2012 (93 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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