Don and Bubba's Market Report

Panama City, FL 32401

Single-Family Homes

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



Panama City, FL 32401

Wed Oct 09 2024
This week the median list price for Panama City, FL 32401 is $267,450 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has held steady at or around 92. 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 Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Panama City, FL 32401

Wed Oct 09 2024
This week the median list price for Panama City, FL 32401 is $267,450 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has held steady at or around 92. 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 Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Panama City market.
Median List Price $267,450
Median Price of New Listings $380,000
Per Square Foot $203
Average Days on Market 122
Median Days on Market 98
Price Decreased 59%
Price Increased 2%
Relisted 8%
Inventory 92
Median Rent
Market Action 30
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$470,000 2,090 0.25 - 0.5 acre 4 2.5 58 1 2 91
$299,000 1,600 8,000 - 10,000 sqft 3 2 74 0 1 84
$240,000 1,200 8,000 - 10,000 sqft 3 2 70 0 4 91
$185,000 960 8,000 - 10,000 sqft 3 1 74 0 1 112