The Woods
Homes for Sale in Panama City, FL

The Woods is a low-turnover, larger-footprint community in Panama City where homes built from the early 1990s through the early 2020s sit on a wide range of lot and floor plan sizes, with a median living area over 3,100 square feet setting it apart from smaller-format neighborhoods nearby.

CPAR sales records identify 10 homes in The Woods that have changed hands since 2018, built between 1991 and 2001 (median 1994), with a median living area of about 2,495 sq ft and a typical 4-bedroom, 2.5-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.

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.

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

In ZIP 32405, 150 homes are on the market and 21% are under contract — a steady corner of Panama City.

Across Bay County, 2,406 homes are active and 434 pending (15% under contract).

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.

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

The 108 homes that make up The Woods were built between 1991 and 2022, with a median construction year of 1994. That spread means the neighborhood carries a mix of original-condition homes and more recently constructed or renovated properties, which is a major driver of the current median price of $565,000. Buyers should expect a wide range of interior condition and updates within that single price point rather than a uniform product.

A homestead share of 88.2% signals a community where most owners are in long-term occupancy rather than cycling through as rental or investment stock, which helps explain the modest five-listing closing window and the longer, 124-day median time on market. Turnover here is infrequent, so inventory tends to move at its own pace rather than in response to broader market pressure.

In a community with infrequent turnover and a wide range of home ages and conditions, pricing a listing or evaluating an offer takes more than a surface-level comparison. We track how The Woods is actually performing, listing by listing, so sellers price to the current 124-day market reality and buyers understand what the median price of $565,000 does and does not include before they write an offer.