Somerset
Condos for Sale in Panama City Beach, FL
All 725 homes for sale in Panama City Beach, FL · median $369,000 · 685 condos for sale in Panama City Beach · 389 homes for sale in 32407 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Somerset Condo is a community in Panama City Beach, Bay County, FL. Across Panama City Beach as a whole, 613 homes closed in the last 12 months at a median of $442,250, 74 median days on market. At that median and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $5,430 ($4,940 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.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Somerset right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
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.
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.
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
The market around Somerset Condo
Somerset Condo is too small for its own price trend, so here is the market around it.
Across Bay County, 2,406 homes are active and 434 pending (15% under contract).
ZIP and county figures describe the wider market, not Somerset Condo specifically. Momentum Research analysis of MLS records.
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.
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 all homes for sale in Panama City Beach →
Should you buy in Somerset Condo?
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 10, 2026) |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
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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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. A Momentum agent can price yours against live local comps.
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See how Somerset Condo fits the bigger picture — live prices, inventory, and Momentum Scores: