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Panama City Beach Market Report

$555,760

AVERAGE PRICE OF 464 HOMES

$349,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,425,032

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$558,379

AVERAGE PRICE OF 203 NEWLY BUILT HOMES

$547,114

AVERAGE PRICE OF 430 HOMES WITH A POOL

$793,360

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $555,760
Avg Bedrooms 2.36 beds
Avg Bathrooms 2.58 baths

Average Price by Bedrooms

1 bedroom $291,075
2 bedrooms $415,365
3 bedrooms $505,687
4 bedrooms $920,846
5 bedrooms $1,900,650
Panama City Beach Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 429 448 511 562 582
Average Price $614,960 $618,187 $600,012 $566,721 $554,090
Avg Price Change -0.52% +3.03% +5.87% +2.28% +1.89%
Median Price $411,747 $411,818 $408,653 $405,531 $407,915
Med Price Change -0.02% +0.77% +0.77% -0.59% +0.50%
Avg Bedrooms 2.46 beds 2.4 beds 2.41 beds 2.41 beds 2.44 beds
Avg Bathrooms 2.67 baths 2.62 baths 2.58 baths 2.56 baths 2.56 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Arnold 455 $537,338 369 days
Bay 1 $549,900 26 days
South Walton 8 $1,604,250 180 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 464 $555,760 365 days
Distressed Homes 1 $349,000 24 days
Multi-Million Dollar Homes 35 $2,425,032 198 days
Newly Built Homes 203 $558,379 718 days
Homes with a Pool 430 $547,114 383 days
Reduced Price Homes 5 $793,360 79 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 February 28, 2021

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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