Q3 2026
Market Report B AY CO U N TY
Resilient | Momentum Through a Measured Market Bay County’s real estate market continued to demonstrate resilience in the third quarter of 2026, with transaction activity and sold volume both moving higher year over year. Sales increased 12%, while sold volume rose 10%, reflecting sustained buyer participation even as pricing remained comparatively stable across the broader market. Panama City Beach single-family homes were an important contributor to the quarter’s growth, with sales increasing nearly 15% and sold volume rising approximately 19%. Panama City also recorded an increase in transactions, contributing to the broader gains across Bay County. Average days on market for the region remained relatively unchanged, moving from 105 to 106 days, an indication of a market where buyers remain active but deliberate. The quarter’s results reflect a market offering opportunity across a broad spectrum of property types and price points. Rather than relying on significant price appreciation to drive growth, Bay County saw more properties changing hands and greater overall dollar volume, providing a meaningful measure of the market’s underlying activity. As conditions continue to evolve, informed pricing and an understanding of neighborhood-level trends remain increasingly important. Berkshire Hathaway HomeServices Beach Properties of Florida sales professionals pair local insight with the reach and resources of a global luxury brand, helping buyers and sellers make informed decisions throughout Panama City Beach, Panama City, and the surrounding Bay County market.
*Regional figures were calculated by aggregating raw sales and sold volume totals across the applicable markets within each region, excluding overlapping property subsets to prevent double counting. Percentage change and average sold price were calculated from the combined regional totals rather than by averaging individual market percentages. Days on market is sales-weighted to more accurately reflect market-wide activity.
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Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
TABLE OF CONTENTS
Bay County PA N A M A C I T Y B E A C H H O M E S 1 0 PA N A M A C I T Y B E A C H CO N D O S 1 2 PA N A M A C I T Y B E A C H G U L F F R O N T H O M E S 1 4 PA N A M A C I T Y B E A C H G U L F F R O N T CO N D O S 1 6 PA N A M A C I T Y 1 8
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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1 FT. WALTON BEACH
Choctawhatchee Bay
98
331
Northwest Florida Beaches International Airport
2
DESTIN
WATERSOUND SANDESTIN ORIGINS BLUE MOUNTAIN BEACH 79 WATERCOLOR SEASIDE SEAGROVE WATERSOUND BEACH ROSEMARY BEACH
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PANAMA CITY BEACH
Office Locations
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1. Destin
3. Panama City Beach
151 REGIONS WAY, SUITE 4A DESTIN, FL 32541 850.502.5995
14101 PANAMA CITY BEACH PKWY #170 PANAMA CITY BEACH, FL 32413 850.252.4160
2. 30A
4. St. George Island
28B WATERCOLOR WAY SANTA ROSA BEACH, FL 32459 850.534.3006
140 WEST 1ST STREET, STE B ST. GEORGE ISLAND, FL 32328 850.990.0020
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
West Bay
20
20
231
TALLAHASSEE
LYNN HAVEN PANAMA CITY TYNDALL AFB
MEXICO BEACH
71
Apalachicola National Forest
98
WINDMARK BEACH
PORT ST. JOE
CARRABELLE APALACHICOLA
CAPE SAN BLAS
Apalachicola Bay
EASTPOINT
4 ST. GEORGE ISLAND
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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Q3 2026
TOP SALES B AY CO U N TY
2 6 4 S A N D S S T R E E T | Sold at $1.6 million by listing agent Judith Bohn
3 2 0 E M B E R L A N E L O T 3 0 4 | Sold at $954,000 by selling agent John Dunn
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Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
1 1 6 1 9 F R O N T B E A C H R O A D 3 0 1 | Sold at $860,000 by selling agent Shawn Prouse
1 0 6 1 1 F R O N T B E A C H R O A D 1 2 0 2 | Sold at $665,000 by listing agent Craig Duran
15817 FRONT BEACH ROAD 2-1102 Sold at $650,000 by selling agent Cindy Karr
9 3 0 2 PA R A D I S E D R I V E | Sold at $650,000 by listing agent Mark Oberg
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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Bay County Anchored by the energy of Panama City Beach and the steady character of Panama City, with quieter neighborhoods like Lynn Haven mixed in, Bay County offers far more than most visitors ever discover. Its 27 miles of white sand beaches and warm, clear Gulf waters draw people in, but those who put down roots here find something deeper: a coastal lifestyle that balances laid-back beach culture with a surprisingly full range of amenities, dining, and community. From the resort-style setting of Carillon Beach to the low-key vibes of Laguna Beach to the master-planned appeal of Latitude Margaritaville Watersound, the county offers options that suit a wide range of lifestyles.
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Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
Bay County | Q3 2026
Average Sold Price by Area
Number of Sales by Area
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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Panama City Beach S I N G L E F A M I LY H O M E S
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Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
Panama City Beach | Single Family Homes Home Value Illustration: 2025 | $562,000 | 2026 | $582,730 | +$20,730 See how the community’s average sale price change would affect a hypothetical home’s value.
274
$169M
Homes Sold
Sales Volume
+15%
+19%
Number of Sales
$618K
94
Avg Sales Price
Days on Market
+4%
0%
Sold Volume
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
239
274
+15%
$142,473,860
$169,363,200
+19%
Average Sold Price
Average Sold Price/Sq Ft
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
$596,125
$618,114
+4%
$304
$305
+19%
Average Days on Market
Percentage of List Price Sold
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
94
94
0%
96%
96%
0%
Highest Sale
Lowest Sale Active Listings
Pending Listings
$3,300,000 $200,000 551 103
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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Panama City Beach CONDOS
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Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
Panama City Beach | Condos Home Value Illustration: 2025 | $505,000 | 2026 | $450,605 | -$54,395 See how the community’s average sale price change would affect a hypothetical home’s value.
249
$94.6M
Homes Sold
Sales Volume
+12%
0%
Number of Sales
$380K
138
Avg Sales Price
Days on Market
-11%
0%
Sold Volume
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
222
249
+12%
$94,536,885
$94,613,400
0%
Average Sold Price
Average Sold Price/Sq Ft
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
$425,842
$379,973
-11%
$376
$350
-38%
Average Days on Market
Percentage of List Price Sold
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
138
138
0%
95%
95%
0%
Highest Sale
Lowest Sale Active Listings
Pending Listings
$915,000
$135,000
39
942
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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Panama City Beach Gulf Front S I N G L E F A M I LY H O M E S
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Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
Panama City Beach Gulf Front Single Family Homes
Home Value Illustration: 2025 | $1,975,000 | 2026 | $2,063,875 | +$88,875 See how the community’s average sale price change would affect a hypothetical home’s value.
$5.2M
2
Homes Sold -33%
$2.6K
65
Sales Volume
Avg Sales Price
Days on Market
-30%
+5%
+10%
Number of Sales
Sold Volume
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
3
2
-33%
$7,500,000
$5,225,000
-30%
Average Sold Price
Average Sold Price/Sq Ft
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
$2,500,000
$2,612,500
+5%
$951
$987
+81%
Average Days on Market
Percentage of List Price Sold
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
59
65
+10%
93%
95%
+2%
Highest Sale
Lowest Sale Active Listings
Pending Listings
$3,300,000 $1,925,000 22 2
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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Panama City Beach Gulf Front CONDOS
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Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
Panama City Beach Gulf Front Condos
Home Value Illustration: 2025 | $602,000 | 2026 | $547,188 | -$54,812 See how the community’s average sale price change would affect a hypothetical home’s value.
$54.4M
118
Condos Sold -11%
$461K
156
Sales Volume
Avg Sales Price
Days on Market
-19%
-9%
+11%
Number of Sales
Sold Volume
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
132
118
-11%
$66,979,950
$54,424,300
-19%
Average Sold Price
Average Sold Price/Sq Ft
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
$507,424
$461,223
-9%
$438
$427
+27%
Average Days on Market
Percentage of List Price Sold
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
140
156
+11%
95%
95%
0%
Highest Sale
Lowest Sale Active Listings
Pending Listings
$915,000 $140,000 508 22
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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Panama City S I N G L E F A M I LY H O M E S
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Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
Panama City | Single Family Homes Home Value Illustration: 2025 | $425,000 | 2026 | $405,221 | -$19,779 See how the community’s average sale price change would affect a hypothetical home’s value.
$54M
155
Homes Sold +9%
$351K
76
Sales Volume
Avg Sales Price
Days on Market
+4%
-5%
+6%
Number of Sales
Sold Volume
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
142
155
+9%
$52,246,954
$54,375,959
+4%
Average Sold Price
Average Sold Price/Sq Ft
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
$367,936
$350,813
-5%
$193
$197
-25%
Average Days on Market
Percentage of List Price Sold
Q3 2025
Q3 2026
% CHANGE
Q3 2025
Q3 2026
% CHANGE
72
76
+6%
96%
97%
+1%
Highest Sale
Lowest Sale Active Listings
Pending Listings
$1,800,000 $75,000 241 34
Q3 2026 MARKET REPORT | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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Experience Extraordinary LUXURY REAL ESTATE DEFINED
BHHSBEACHPROPERTIES .COM EMERALD COAST SOUTH WALTON BAY COUNTY FORGOTTEN COAST Market data for Q3 2026 as of 10/2/26. Infromation reported is deemed reliable but is not guaranteeed. ©2026 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.