Are home prices going up or down in Panama City, FL?
In Panama City, FL, the typical home sold for $357,250 during May 2026 — about the same as a year ago. Prices are flat, not rising or falling.
Over the last 36 months the typical sale price in Panama City, FL went from $375,000 to $357,250 — down 5%.
The high point was $385,000, reached in July 2024. Today's typical sale is 7% below that.
Measured by size, homes in Panama City, FL are selling for about $221 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Panama City, FL area, through May 2026.
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More about the Panama City, FL market
- When is the best month to sell a house in Panama City, FL?
- How long does it take to sell a house in Panama City, FL?
- Do homes sell above asking price in Panama City, FL?
- Is Panama City, FL a buyer's market or a seller's market?
- How many homes are for sale in Panama City, FL?
- All Panama City, FL housing numbers
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Figures come from Redfin's published market data for the Panama City, FL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.