Panama City, FL Single-Family Homes for Sale

Looking for single-family homes for sale in the vibrant city of Panama City, FL? Carly Sostheim Group specializes in helping buyers find their dream homes in this coastal gem. With our expertise and personalized approach, we will guide you through the process and assist you in finding the perfect home in Panama City.

 

 

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Map of Panama City Single Family Homes

COMMON QUESTION ABOUT SINGLE FAMILY HOMES FOR SALE IN PANAMA CITY, FL

Some popular neighborhoods for single-family homes in Panama City include Historic St. Andrews, Cove, Lynn Haven, and Bayou George. Each area offers its unique charm and amenities, catering to diverse preferences and lifestyles.

The average price range for single-family homes in Panama City can vary based on location, size, and condition. Generally, prices start from around $150,000 to $300,000 for smaller or older homes and can go up to $500,000 or more for larger, newer homes or properties in upscale neighborhoods.

Amenities in single-family homes can vary widely. Common features include spacious yards, updated kitchens, modern appliances, hardwood floors, and various outdoor features like patios or decks. Some homes might also have amenities such as swimming pools, garages, or energy-efficient appliances, depending on the property.

To find single-family homes for sale in Panama City, FL, you can work with local real estate agents who have access to the Multiple Listing Service (MLS) and can provide you with detailed listings based on your preferences. Online real estate websites and mobile apps are also valuable resources for exploring available properties and their features.

 Yes, when buying a single-family home in Panama City, it's advisable to conduct standard inspections such as a general home inspection, termite inspection, and, if applicable, flood zone inspection. Additionally, you might consider specialized inspections for the roof, electrical system, plumbing, and HVAC (heating, ventilation, and air conditioning) systems to ensure the home is in good condition.

Panama City Beach Housing Market Trends

Florida's Panama City Beach housing market demonstrates a competitive environment with notable price changes. Homes in Panama City Beach typically receive an average of 2 offers and sell within approximately 64 days. In May 2023, the median sale price of homes in Panama City Beach was $435,000, indicating a decrease of 8.9% compared to the previous year. Additionally, the median sale price per square foot in Panama City Beach is $438, showing a slight decrease of 0.11% since last year.

During May 2023, the housing market in Panama City Beach experienced a decline in median home prices, with an 8.9% decrease compared to the previous year. Homes in this area typically spend an average of 64 days on the market, increasing from 30 days last year. The number of homes sold in May this year was 137, representing a decrease of 27.1% compared to the same month the previous year.

The recent data suggests that the Panama City Beach housing market is experiencing a downward trend in median prices while homes take longer to sell. It remains competitive, with homes typically selling within 56 days.

Overview for Panama City Beach, FL

20,941 people live in Panama City Beach, where the median age is 48.4 and the average individual income is $39,507. Data provided by the U.S. Census Bureau.

20,941

Total Population

48.4 years

Median Age

Low

Population Density

$39,507

Average Individual Income

Panama City Beach, FL

A Guide to Living In

Panama City Beach, FL

Welcome to Panama City Beach, on Florida’s Emerald Coast. One of the world’s most beautiful beaches, the area gets its name from its emerald-colored water and sugary white sand. One of the best things about living in Panama City Beach is the incredible weather. With over 300 days of sunshine every year, there’s lots of time to get outside and have fun. The Panama City Beach real estate market offers residences at all different price points, including single-family homes and condominiums in an area filled with golf courses, marinas, and local attractions. Panama City Beach is also a top-rated tourist destination, so it offers excellent parks, activities, shopping, and entertainment venues.

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We are dedicated to helping you find your dream home and assisting with any selling needs you may have. Contact us today to start your home searching journey!