Panacea, FL Housing Market
The Panacea housing market is not very competitive. The median sale price of a home in Panacea was $120K last month, down 48.9% since last year. The median sale price per square foot in Panacea is $170, down 26.1% since last year.
Panacea Housing Market Trends
In February 2025, Panacea home prices were down 48.9% compared to last year, selling for a median price of $120K.
since last year
since last year

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How hot is the Panacea housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Multiple offers are rare.
- The average homes sell for about 6% below list price and go pending in around 101 days.
- Hot homescan sell for around list price and go pending in around 34 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 117 days.
- Hot homescan sell for around list price and go pending in around 61 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Multiple offers are rare.
- The average homes sell for about 5% below list price and go pending in around 102 days.
- Hot homescan sell for around list price and go pending in around 47 days.
Panacea Migration & Relocation Trends
- Across the nation, 0.08% of homebuyers searched to move into Panacea from outside metros.
- Miami homebuyers searched to move into Panacea more than any other metro followed by Tampa and Atlanta.
- 60% of Panacea homebuyers searched to stay within the Panacea metropolitan area.
- Destin was the most popular destination among Panacea homebuyers followed by Pensacola and Mobile.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '25 - Mar '25 | ||
1 | 170 | ||
2 | 68 | ||
3 | 37 | ||
4 | 35 | ||
5 | 30 | ||
6 | 27 | ||
7 | 24 | ||
8 | 20 | ||
9 | 14 | ||
10 | 11 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '25 - Mar '25 | ||
1 | 42 | ||
2 | 14 | ||
3 | 13 | ||
4 | 13 | ||
5 | 11 | ||
6 | 7 | ||
7 | 7 | ||
8 | 7 | ||
9 | 5 | ||
10 | 5 |
View houses in Panacea that sold recently
Recently sold homes
- $530,000 Last Sold Price3 beds2.5 baths1,866 sq ft45 Turtle Creek Ln, Panacea, FL 32346List Price$545,000Sale to List3% under listDays on Market40 days45 Turtle Creek Ln, Panacea, FL 32346
- $120,000 Last Sold Price—beds—baths—sq ft220 Levy Bay Rd, Panacea, FL 32346List Price$149,999Sale to List20% under listDays on Market82 days220 Levy Bay Rd, Panacea, FL 32346
- $450,000 Last Sold Price3 beds2 baths1,120 sq ft3 Bass St, Bald Point, FL 32346List Price$499,000Sale to List10% under listDays on Market114 days3 Bass St, Bald Point, FL 32346
- $285,000 Last Sold Price3 beds2 baths2,188 sq ft38 Autumn Ln, Panacea, FL 32346List Price$289,900Sale to List2% under listDays on Market52 days38 Autumn Ln, Panacea, FL 32346
- $185,0002 beds1 bath884 sq ft26 Satilla Ave, Panacea, FL 32346List Price—Sale to List—Days on Market—26 Satilla Ave, Panacea, FL 32346
- $519,000 Last Sold Price3 beds2 baths1,800 sq ft41 Pompano Dr, Panacea, FL 32346List Price$519,000Sale to List0% over listDays on Market43 days41 Pompano Dr, Panacea, FL 32346
- $138,000 Last Sold Price3 beds2 baths1,456 sq ft110 Jer Be Lou Blvd, Panacea, FL 32346List Price$137,500Sale to List0% over listDays on Market59 days110 Jer Be Lou Blvd, Panacea, FL 32346
- $865,000 Last Sold Price3 beds2 baths1,500 sq ft2765 Surf Rd, Panacea, FL 32346List Price$879,000Sale to List2% under listDays on Market132 days2765 Surf Rd, Panacea, FL 32346
See all recently sold homes in Panacea.
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Schools in Panacea
- Elementary
- Middle
- High
GreatSchools Rating
No elementary schools in this region.
Climate's impact on Panacea housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Panacea.
Flood Factor - Extreme
Flood Factor

Fire Factor - Major
Fire Factor

Wind Factor - Extreme
Wind Factor

Wind likelihood over time
Heat Factor - Extreme
Heat Factor

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