Home ValuePros

Market Intelligence · FL / Bay County

Panama City, FL housing market

5 ZIP markets liveData updated June 2026Typical value$298K1-yr changeUp0.9%

The median home value in Panama City, FL is $298K as of June 2026, up 0.9% 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, June 2026
$298K
1-yr changeMedian across Panama City ZIPs
+0.9%
ZIP markets live10 tracked in Panama City
5
County
Bay County

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12-month value trend

+0.9% over 12 months

Typical home value in Panama City over the last 12 months: $295K in Jun 2025 to $298K in Jun 2026 (+0.9%).

Jun 2025$295K

Jun 2026$298K

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

Context

Zillow's home value index puts the typical Panama City home at $297,826 as of June 2026, a 12-month move of +0.9%. Realtor.com's June 2026 listing data shows 1528 homes on the market, 420 newly listed, and a median asking price of $342,248. The median listing spends 69 days on market, and 20.1% 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

$298K

Up0.9%YoY

Median list price

$342K

Days on market

69

Homes for sale

1,528

Price cuts

20.1%

New listings

420

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 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 June 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, June 2026

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Nearby markets

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