Panama City Beach, FL housing market

The median sale price in Panama City Beach, FL was $380K in May 2026, down 2.6% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $377K, holding steady against $382K across the three months before that. That puts prices 21.4% below the strongest three-month stretch on record here, which ended in Oct 2022 at $479K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $416K for Jun 2026, down 3.0% year over year.

Buyers had 857 homes to choose from in May 2026, down 27.0% year over year (Redfin). At the current sales pace that standing inventory works out to 7.9 months of supply; convention treats four to six months as a balanced market, which puts Panama City Beach, FL on the buyers' side of it. 136 homes came to market in May 2026, down 33.0% year over year, against 108 closings, up 27.1% year over year. Homes that sold in May 2026 took a median of 101 days to go under contract, in line with this market's usual May pace.

Competition is measurable in the closings themselves: 4.0% settled above asking, and the average sale landed at 96% of its final list price. 27% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Panama City Beach, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.