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Condo Foreclosures in Panacea, FL 32346

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Panacea, FL Foreclosures

Current Market Conditions in in Panacea, FL As of February 2026?
Over the past month, the Panacea real estate market has seen a modest uptick in sales activity. With the arrival of cooler weather, interest among buyers looking for seasonal homes has increased. Listings have experienced a faster turnover, with many homes being purchased within weeks of hitting the market. This month's increase in demand appears to be offsetting any seasonal slowdowns typically experienced in the fall.
How much do homes sell for in Panacea, FL?
The average home price is currently $330,134.
In Panacea, FL, how many homes are available?
There are currently 5 active home listings available in Panacea.
What’s the average rental cost in Panacea, FL?
The average rental price in Panacea is $1,261.
What is the most expensive home in Panacea?
The most expensive home sold in Panacea had a price of $3,650,532.
What is currently the cheapest priced home in Panacea, FL?
The cheapest home for sale in Panacea is priced at $10,232.

Living in Panacea, FL

Panacea, Florida, is a hidden gem on the Gulf Coast known for its tranquil atmosphere and stunning natural scenery. With beautiful beaches and outdoor activities at your fingertips, it's a perfect spot for those looking for a peaceful retreat. The community offers a variety of dining and shopping options while being just a short drive away from the attractions of Tallahassee.

Buyer vs Seller Market in Panacea, FL

The real estate market in Panacea is characterized by a mix of vacation homes, single-family residences, and some commercial opportunities due to the tourism in the area. Recent trends have indicated a slight increase in demand, likely driven by those seeking a quiet lifestyle with easy access to coastal activities. Properties here appeal to both full-time residents and seasonal visitors.

Currently, the market is favorable for sellers, with homes typically receiving multiple offers. Buyers should be prepared for competitive pricing, especially for waterfront properties or homes with spacious lots.

Home Value Estimator For Panacea, FL

There are currently 1,582 real estate properties in Panacea, FL, with a median automated valuation model (AVM) price of $248,653.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Panacea, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Panacea, FL, is $330,134.00, with the most expensive house in Panacea, FL, topping out at $3,650,532.00 and the cheapest home in Panacea, FL, clocking in at $10,232.00. In other words, there’s something for every potential homebuyer or savvy investor in Panacea, FL!

Rent Prices In Panacea, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Panacea, FL, is on a rollercoaster ride. The average rent price in Panacea, FL, is $1,261.00. Indeed, when looking to rent in Panacea, FL, you can expect to pay as little as $700.00 or as much as $2,680.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Panacea, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Panacea, FL 32346 Condos


Market Trend for Panacea, FL

Total Listings Available: 5

Market Values:

Home Prices from $10,232 to $3,650,532

Average Sales Price: $330,134

Rental Values:

Rental from $700 to $2,680

Average Rent Value: $1,261 / month

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