Panama City, FL metro area Housing Market Brief
metro · as of May 2026
What is Panama City, FL metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Panama City, FL metro area in its market cycle?
Panama City, FL metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
Panama City, FL metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $357K | ▲ +1% |
| Median Days on Market | 76 days | ▲ +7% |
| Months of Supply | 6.3 | ▼ -17.1% |
| Homes for Sale | 2,909 | ▼ -10.4% |
| Homes Sold | 462 | ▲ +7.4% |
| Median Price / Sq Ft | $221 | ▲ +3.1% |
| Sale-to-List Ratio | 96.7% | ▼ -0.5% |
How has Panama City, FL metro area’s Alpha Score moved?
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Frequently asked questions
Is Panama City, FL metro area a buyer's or seller's market?
As of May 2026, Panama City, FL metro area is classified as a Balanced Market, based on its Alpha Score of 40 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Panama City, FL metro area?
The median sale price in Panama City, FL metro area is $357K, having risen 1% over the past year.
How affordable is Panama City, FL metro area?
Panama City, FL metro area scores 24 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Panama City, FL metro area's Alpha Score?
Panama City, FL metro area's strongest dimension is Rental Yield (69/100) and its weakest is Affordability (24/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Panama City, FL metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.