Don and Bubba's Market Report

Panama City, FL 32408

Single-Family Homes

https://donandbubba.com / DonandBubba@gmail.com / 850.624.8433


Panama City, FL 32408

Sat Dec 21 2024
This week the median list price for Panama City, FL 32408 is $569,500 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has increased to 81. Click here to stay informed with the Panama City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Panama City, FL 32408

Sat Dec 21 2024
This week the median list price for Panama City, FL 32408 is $569,500 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has increased to 81. Click here to stay informed with the Panama City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Panama City market.
Median List Price $569,500
Median Price of New Listings $459,000
Per Square Foot $288
Average Days on Market 123
Median Days on Market 112
Price Decreased 43%
Price Increased 1%
Relisted 6%
Inventory 81
Median Rent
Market Action 29
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$949,950 2,668 8,000 - 10,000 sqft 4 3.3 21 0 0 119
$649,975 2,324 4,500 - 6,500 sqft 4 2.8 20 0 1 115
$495,000 1,836 6,500 - 8,000 sqft 3 2 31 4 1 84
$349,900 1,344 4,500 - 6,500 sqft 3 2 39 3 0 91