$2,078 Closing Credit*
$175,000
979 SqFt
3 Beds
•2 Full Baths
MICHAEL J STETSON, Listing Office: SALT RUN REAL ESTATE
Is Panama Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Panama Park was a Buyer's Market.
Key Takeaway
Panama Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Panama Park, FL
How much do homes in Panama Park, FL cost?
Median Sold Price
$167,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,500(+7.4%)
Key Takeaway
Homes in Panama Park have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Panama Park was $167,500 in November 2024, up 7.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $91K | $105K | +15.4% |
| 3 Bedrooms | $167.5K | $181K | +8.1% |
| 4 Bedrooms | $154.2K | $207K | +34.2% |
| 5+ Bedrooms | $152K | $180K | +18.4% |
Summary: Panama Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 18.4%.
Housing Supply in Panama Park, FL
How many homes are available in Panama Park, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 41 | +28.1% |
Summary: The Panama Park real estate market had 41 homes for sale in November 2024, a 28.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 14 | 23 | +64.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Panama Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 64.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Panama Park, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Panama Park in November 2024, up by 450.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.
Days on Market for Panama Park, FL
How long does it take to sell a home in Panama Park, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 45 Days | +201.2% |
Summary: Homes in Panama Park had an average of 45 days on market in Nov 2024, up by 201.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Panama Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Panama Park; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
