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Panama City Beach Market Report

$618,775

AVERAGE PRICE OF 455 HOMES

$2,478,077

AVERAGE PRICE OF 45 MULTI-MILLION DOLLAR HOMES

$542,654

AVERAGE PRICE OF 215 NEWLY BUILT HOMES

$619,275

AVERAGE PRICE OF 409 HOMES WITH A POOL

$399,580

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $618,775
Avg Bedrooms 2.42 beds
Avg Bathrooms 2.62 baths

Average Price by Bedrooms

1 bedroom $299,135
2 bedrooms $424,364
3 bedrooms $531,693
4 bedrooms $1,059,697
5 bedrooms $1,951,500
Panama City Beach Home Price Trends
  10/2020 9/2020 8/2020 7/2020 6/2020
Total Listings 562 582 613 634 642
Average Price $566,721 $554,090 $543,789 $530,083 $527,084
Avg Price Change +2.28% +1.89% +2.59% +0.57% +1.74%
Median Price $405,531 $407,915 $405,905 $402,005 $404,745
Med Price Change -0.59% +0.50% +0.97% -0.68% +0.92%
Avg Bedrooms 2.41 beds 2.44 beds 2.45 beds 2.45 beds 2.44 beds
Avg Bathrooms 2.56 baths 2.56 baths 2.56 baths 2.53 baths 2.52 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Arnold 444 $606,634 361 days
Bay 1 $312,999 252 days
South Walton 10 $1,188,390 173 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 455 $618,775 356 days
Multi-Million Dollar Homes 45 $2,478,077 168 days
Newly Built Homes 215 $542,654 623 days
Homes with a Pool 409 $619,275 382 days
Reduced Price Homes 5 $399,580 47 days
RE/MAX By the Sea
Marie Babin
42 Business Centre Dr #112
Miramar Beach, FL 32550
850-978-5057

The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated November 27, 2020

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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