Somerset
Condos for Sale in Panama City Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of September 2026, Somerset Condo in Panama City Beach, FL has 2 homes for sale. Over the 12 months ending 2026-09-12, 4 recorded sales closed at a median of $296,000, a median 15 days on market, sellers accepting 96% of original asking. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,630 ($3,150 with the full homestead exemption).
Somerset Condo's most recent snapshot is built from a thin sample, just four closings, so treat the median price of $296,000.5 as a directional marker rather than a precise line. In a small-count condo market like this, one or two unit conditions or floor levels can swing the median noticeably from quarter to quarter.
The median days-on-market figure, just over 15 days, points to units moving quickly once priced correctly for current condition and floor plan. For sellers, that supports pricing with confidence rather than testing the market. For buyers, it means having financing and decision-making ready before you tour, since a well-positioned unit here is not likely to sit.
The 60-Second Overview
Somerset Condo market snapshot (as of September 12, 2026): the median sale price is about $296K, and a median 16 days on market for closed sales.
Somerset Condo is a Panama City Beach condominium community in Bay County where recent activity has been limited in volume but fast in pace, with a median sale price just under $296K and a median time on market of roughly two weeks.
Who Somerset Condo is best for.
Best for
- Buyers focused on a specific condo unit or floor plan in Panama City Beach rather than a particular building amenity package
- Buyers comfortable making pricing decisions based on a small number of recent comparable sales
- Sellers with a unit in solid, updated condition who want to test a market that has recently moved quickly
Probably not for
- Buyers who want confirmed on-site amenities like a pool or fitness area before making an offer
- Buyers who prefer a deep pool of recent comparable sales to validate pricing
- Sellers needing a slow, deliberate sale timeline without competitive pressure
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($296K) IS the median in the snapshot above.
Windows contain 0 to 4 sales each (4 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 real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Somerset Condo Market Scorecard
Somerset Condo is currently a thin data market. Limited supply, a median asking price of $277,450, and homes go under contract in about 158 days.
Typical home value in the 32407 ZIP is $393,967, right around the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Somerset Condo
Live MLS inventory for Somerset Condo. 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 and pending Somerset Condo listings as of 2026-09-12, 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.
The Somerset Condo buying strategy.
If we were buying in Somerset Condo 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 Somerset Condo.
Reading a Thin Market
With only four closings in the current window, Somerset Condo is not a market you analyze the way you would a larger subdivision with dozens of comparable sales. The median price of $296,000.5 reflects whatever mix of units happened to change hands, and unit-specific factors, like floor level, view, and recent updates, likely carry more weight here than in a deeper market where those differences average out.
No community amenities have been identified from current MLS listings, which means buyers should confirm directly what the building offers, whether that is a pool, exterior maintenance coverage, or building reserves, rather than assuming standard condo perks apply. The fast median time on market, just over 15 days, suggests that units priced appropriately for their condition are finding buyers without much delay.
The location and the amenities are priced into every listing in Somerset Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A small-sample condo market like Somerset rewards careful pricing and quick, informed decisions rather than broad market assumptions. We pull the actual comparable closings, verify condo association details and fee structures directly rather than relying on generic listing data, and help you move decisively when a unit fits, since the recent pace here has not favored slow deliberation.
Somerset Condo in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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 Somerset Condo 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 Somerset Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Somerset Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Somerset Condo home worth?
Get a no-obligation home value based on real comparable sales in Somerset Condo, 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 Somerset Condo on the map →
Frequently Asked Questions
What is the median home price in Somerset Condo?
How long do homes in Somerset Condo take to sell?
Who is the best real estate agent for Somerset Condo?
How do I find a top Panama City Beach real estate agent who knows Somerset Condo?
Can Momentum Realty connect me with an agent for Somerset Condo?
Should you buy in Somerset Condo?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Somerset Condo with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: September 12, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2012 (20 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.
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 MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Somerset Condo fits the bigger picture — live prices, inventory, and Momentum Scores: