Panama City, FL housing market: September 2026
What's happening in the Panama City market right now.
Buyer's or seller's market?
Panama City, FL leans toward a buyer's market: homes in Bay County take a median of 102 days to sell, and the number for sale is −5.4% on a year ago. Buyers have room to negotiate; sellers should price carefully.
12-month outlook
−3.5% to +3% for the typical Panama City home value over the next 12 months.
A projection from past prices (the trend of the last 3 and 12 months, damped), not a prediction or advice. Local conditions can move faster than any trend.
Sources: Zillow Home Value Index, September 2026 · Zillow Observed Rent Index, September 2026 · Realtor.com county data, September 2026. Listing figures are for Bay County as a whole.
Panama City market — questions answered
What is the typical home value in Panama City, FL?
$282,475 as of September 2026, +1.1% on a year earlier (Zillow Home Value Index).
Are home prices going up in Panama City, FL?
Yes — the typical home value changed +1.1% over the year to September 2026 and +23.2% over five years.
Is Panama City, FL a buyer's or seller's market?
It leans toward buyers: the median home in Bay County sells in 102 days (Realtor.com, September 2026).
How much is rent in Panama City, FL?
The typical rent is $1,655 a month as of September 2026, +0.6% on a year earlier (Zillow Observed Rent Index).
How many homes are for sale in Panama City, FL?
2,825 homes were listed for sale across Bay County in September 2026 (Realtor.com).
Who are the best real estate agents in Panama City, FL?
Homegrity lists 865 licensed agents in Panama City, each license verified against the state register. Placement is never bought. See them at /real-estate-agents/panama-city.