Home ValuePros

Market Intelligence · FL / Bay County

Panama City, FL housing market

5 ZIP markets liveData updated August 2026Typical value$299K1-yr changeUp1.1%

The median home value in Panama City, FL is $299K as of August 2026, up 1.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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The coverage

Panama City, by the numbers.

Typical home valueZillow ZHVI, August 2026
$299K
1-yr changeMedian across Panama City ZIPs
+1.1%
ZIP markets live10 tracked in Panama City
5
County
Bay County

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12-month value trend

+1.1% over 12 months

Typical home value in Panama City over the last 12 months: $295K in Aug 2025 to $299K in Aug 2026 (+1.1%).

Aug 2025$295K

Aug 2026$299K

Median Zillow home value index across Panama City's ZIP codes.

Context

Zillow's home value index puts the typical Panama City home at $298,838 as of August 2026, a 12-month move of +1.1%. Realtor.com's August 2026 listing data shows 1464 homes on the market, 336 newly listed, and a median asking price of $331,219. The median listing spends 91 days on market, and 20.5% of active listings have reduced their asking price. These figures describe a market holding firm, with modest gains and room to negotiate on single listings.

The numbers

What is the housing market like in Panama City, FL?

Typical home value

$299K

Up1.1%YoY

Median list price

$331K

Days on market

91

Homes for sale

1,464

Price cuts

20.5%

New listings

336

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026)

Figures reflect Panama City's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

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The markets

Which Panama City ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of August 2026. 1-yr change compares it to the same ZIP a year earlier. We track 10 Panama City ZIP codes in total; the remaining 5 publish as their data clears editorial QA.

Zillow ZHVI, August 2026

Local pros

Who are the top real estate agents in Panama City?

Top real estate agents in Panama City, FL

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Nearby markets

More Florida housing markets.

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