Timberwood
Homes for Sale in Panama City, FL
All 254 homes for sale in Panama City, FL · median $349,900 · 310 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $280,000, a median 151 days on market, sellers accepting 88% of original asking. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,440 ($2,950 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32404 |
|---|---|
| Homes in the community | 14 (FL DOR 2025 assessment roll) |
| Years built | 1950–2023 (median 2006.0) |
| Typical living area | 2,434 sq ft (median) |
| Sale prices, last 12 months | $280,000 median across 3 closed sales |
| Days on market (closed sales) | 151 median |
| Owner-occupied (homestead) share | 52% |
Data as of September 20, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Timberwood key facts,” movewithmomentum.com/neighborhoods/timberwood--bay, data as of September 20, 2026.
Timberwood's numbers point to a market that moves on its own schedule. A median of 151 days on market, drawn from the last 3 months of closings across 46 homes, tells you this is not a community where listings get bid up fast. Pricing here is set by patience and condition, not competition.
The median price of $280,000 sits against homes built between 2001 and 2023, with a median year built of 2005 and typical living space around 2,281 square feet. That combination of age spread and size suggests value is driven more by individual home condition and updates than by any single defining feature of the neighborhood itself. Sellers should price for the DOM reality; buyers who move deliberately have room to negotiate.
Nearby homes for sale
No active listings inside Timberwood 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
Timberwood market snapshot (as of September 20, 2026): the median sale price is about $280K, and a median 151 days on market for closed sales.
In ZIP 32404 (Panama City), 1,060 homes closed in the last 12 months at a median of $290K, down 3.3% year over year, with a median 58 days on market. Right now 391 active and 146 pending listings — a balanced market. See the live ZIP 32404 housing market and the Bay County market.
Timberwood is a community of 14 homes in Panama City, Bay County, built between 1950 and 2023 (median 2006.0), with a median living area of about 2,434 square feet. 52% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Timberwood is a Panama City community of 46 homes in Bay County, built out mostly in the 2000s with construction continuing as recently as 2023, giving it a mix of established and newer housing stock under one neighborhood name.
Who Timberwood is best for.
Best for
- Buyers who want more living space, around the 2,281 square foot median, without amenity-driven HOA costs
- Buyers comfortable with a longer sales cycle who can use the 151-day median DOM as negotiating room
- Buyers or investors looking at owner-occupied stock, given the roughly 56.5% homestead share
Probably not for
- Buyers who need a fast, competitive-offer closing timeline
- Buyers specifically seeking built-in community amenities, since none are identified from current MLS listings
- Sellers who need a quick sale and cannot price to the current 151-day median market pace
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($280K) IS the median in the snapshot above.
Windows contain 0 to 3 sales each (3 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.
30% of homes for sale in ZIP 32404 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 (2026-09-20).
Housing distress & ownership in Timberwood, 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.
The Timberwood buying strategy.
If we were buying in Timberwood 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 Timberwood.
A Market Measured in Months, Not Days
With a median of 151 days on market over the most recent 3-month closing window, Timberwood's pace is slower than what buyers may expect from more actively traded pockets of Bay County. That figure is a real signal: homes here need more time to find the right buyer, and pricing strategy matters more than urgency.
The homestead share sits at roughly 56.5%, meaning a majority of homes in Timberwood are owner-occupied under a homestead exemption rather than held as investment or secondary property. Combined with a median living area of 2,281 square feet and a year-built range spanning 2001 to 2023, the community reads as a stable base of larger-format single-family homes rather than a fast-turnover subdivision.
The location and the amenities are priced into every listing in Timberwood. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A 151-day median DOM means pricing and presentation decisions carry more weight than in a faster market, and getting them wrong costs real time. We track Timberwood's closings directly so sellers price to the current pace instead of last year's assumptions, and buyers know when a longer market window gives them real negotiating leverage.
Timberwood 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 Timberwood 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 Timberwood sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Timberwood, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Timberwood home worth?
Get a no-obligation home value based on real comparable sales in Timberwood, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Timberwood?
How long do homes in Timberwood take to sell?
How many homes are in Timberwood?
What share of Timberwood is owner-occupied?
When were the homes in Timberwood built?
Who is the best real estate agent for Timberwood?
How do I find a top Panama City real estate agent who knows Timberwood?
Can Momentum Realty connect me with an agent for Timberwood?
Where is Timberwood, and what county is it in?
Should you buy in Timberwood?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32404)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (16 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 Timberwood fits the bigger picture — live prices, inventory, and Momentum Scores:
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