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Panama City Beach, FL Real Estate & Property Data

Panama City Beach Real Estate Market Trends

Last Updated: April 27, 2024

To gain insights into Panama City Beach, FL’s real estate market, it is crucial to have accurate and comprehensive real estate data. ATTOM updates Panama City Beach real estate data on a daily basis, providing you with the most current information. As per the latest market trends, 2,529 residential properties have been sold in Panama City Beach, FL over the past year, with a median home price of $470,000. Additionally, 35.01% of homes in Panama City Beach are equity rich, while 0.5% of homes are seriously underwater. There have been 3 foreclosure filings in the area year-to-date. To obtain detailed information on properties in Panama City Beach, Florida, you can rely on ATTOM, your go-to source for Panama City Beach property reports and real estate data.

Panama City Beach Real Estate Market Trends

Get property data for any address in Panama City Beach, FL or the country:

Total Residential Properties 31,283

Total Commercial Properties 1,461

Avg. Home Age (Single Family Home) 24 Years

Avg. Square Feet (Single Family Home) 2,050

Total 2024 Residential Sales (year-to-date) 321

% of Homes Seriously Underwater (Q2 2024) 0.5%

Total 2023 Residential Sales 2,356

% of Equity Rich Homes (Q2 2024) 35.01%

Effective 2023 Property Tax 0.68%

Total Foreclosure Filings (year-to-date) 7

Panama City Beach, FL Real Estate Overview

Panama City Beach, FL saw 2,529 residential properties being sold in the past year, with a median home value of $537,461. The city of Panama City Beach has a total of 31,283 residential properties, spread across 658 streets and 2 zip codes.

Median Sales Price i

$470,000

(Feb 2024)

-27.7%

year-over-year

y-o-y

February '24 Feb '24 $470,000
January '24 Jan '24 $635,000
December '23 Dec '23 $580,000
November '23 Nov '23 $743,200
October '23 Oct '23 $610,000
September '23 Sep '23 $643,800
August '23 Aug '23 $777,000
July '23 Jul '23 $540,000
June '23 Jun '23 $759,000
May '23 May '23 $629,550
April '23 Apr '23 $649,900
March '23 Mar '23 $615,000

Median Down Payment i

$130,650

(Feb 2024)

-11.1%

year-over-year

y-o-y

February '24 Feb '24 $130,650
January '24 Jan '24 $165,700
December '23 Dec '23 $158,375
November '23 Nov '23 $265,000
October '23 Oct '23 $136,740
September '23 Sep '23 $156,656
August '23 Aug '23 $299,592
July '23 Jul '23 $143,635
June '23 Jun '23 $237,500
May '23 May '23 $156,275
April '23 Apr '23 $309,500
March '23 Mar '23 $205,000

Number of Homes Sold i

181

(Feb 2024)

+12.4%

year-over-year

y-o-y

February '24 Feb '24 181
January '24 Jan '24 140
December '23 Dec '23 156
November '23 Nov '23 151
October '23 Oct '23 188
September '23 Sep '23 191
August '23 Aug '23 219
July '23 Jul '23 175
June '23 Jun '23 222
May '23 May '23 265
April '23 Apr '23 227
March '23 Mar '23 253

Number of Purchase Loans i

121

(Feb 2024)

+33%

year-over-year

y-o-y

February '24 Feb '24 121
January '24 Jan '24 72
December '23 Dec '23 92
November '23 Nov '23 88
October '23 Oct '23 84
September '23 Sep '23 102
August '23 Aug '23 114
July '23 Jul '23 92
June '23 Jun '23 121
May '23 May '23 128
April '23 Apr '23 143
March '23 Mar '23 134

Number of REFI Loans i

30

(Feb 2024)

+15.4%

year-over-year

y-o-y

February '24 Feb '24 30
January '24 Jan '24 34
December '23 Dec '23 24
November '23 Nov '23 24
October '23 Oct '23 30
September '23 Sep '23 21
August '23 Aug '23 28
July '23 Jul '23 25
June '23 Jun '23 26
May '23 May '23 34
April '23 Apr '23 33
March '23 Mar '23 30

Number of HELOC Loans i

14

(Feb 2024)

-48.1%

year-over-year

y-o-y

February '24 Feb '24 14
January '24 Jan '24 15
December '23 Dec '23 21
November '23 Nov '23 18
October '23 Oct '23 20
September '23 Sep '23 23
August '23 Aug '23 17
July '23 Jul '23 17
June '23 Jun '23 28
May '23 May '23 18
April '23 Apr '23 26
March '23 Mar '23 23

Panama City Beach, FL Real Estate Market Overview

Last 30 days

Zip
Median Est. Value
Zip
Median Est. Value

32407
$421,411 $219.87/sqft
32413
$537,461 $262.21/sqft

Panama City Beach, FL Foreclosure Activity

There were a total of 3 Panama City Beach, FL properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

3

(Feb 2024)

+200%

year-over-year

y-o-y

February '24 Feb '24 3
January '24 Jan '24 4
December '23 Dec '23 2
November '23 Nov '23 3
October '23 Oct '23 2
September '23 Sep '23 7
August '23 Aug '23 2
July '23 Jul '23 3
June '23 Jun '23 5
May '23 May '23 5
April '23 Apr '23 3
March '23 Mar '23 5

Foreclosure Starts i

3

(Feb 2024)

+200%

year-over-year

y-o-y

February '24 Feb '24 3
January '24 Jan '24 4
December '23 Dec '23 2
November '23 Nov '23 2
October '23 Oct '23 2
September '23 Sep '23 4
August '23 Aug '23 2
July '23 Jul '23 2
June '23 Jun '23 4
May '23 May '23 2
April '23 Apr '23 3
March '23 Mar '23 4

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 1
October '23 Oct '23 N/A
September '23 Sep '23 1
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 N/A

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