Is Panama, NY 14767 a buyer’s or seller’s market?

The Panama housing market right now

In the three months ending August 31, 2026, 33% of homes in Panama, NY 14767 sold above their list price, the typical home went under contract in 7 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (77 days then) and the median sale price rose 13% to $237,397. Overall, Panama is more competitive than a year ago, so tougher for buyers.

Within Chautauqua County, homes here sell faster than in 93% of the county’s ZIP codes, and sell more often over asking than in 83%.

Nearby, buyers who want less competition could look at Stow 14785 (0% sold over asking) or Stockton 14784 (0% sold over asking), while Chautauqua 14722 (67% sold over asking) and Portland 14769 (67% sold over asking) are even more competitive.