Is Panacea, FL 32346 a buyer’s or seller’s market?
Panacea is a buyer’s market. With about 10.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 0% of U.S. ZIP codes, and #776 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Panacea housing market right now
In the three months ending August 31, 2026, 0% of homes in Panacea, FL 32346 sold above their list price, the typical home went under contract in 185 days and there were 10.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (102 days then) and the median sale price fell 48% to $349,849. Overall, Panacea is less competitive than a year ago, which gives buyers more room.
Nearby, Crawfordville 32327 (17% sold over asking) is even more competitive.
Run the numbers for 32346
Nearby markets
Crawfordville 32327Balanced $178 /sq ftSopchoppy 32358Buyer’s market $321 /sq ft Browse all markets →Towns like Panacea nearby
Find towns like Panacea in other states →Where Panacea is
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Questions about Panacea real estate
Is Panacea a buyer’s or seller’s market?
A buyer’s market: there were 10.3 months of supply in Panacea, FL 32346 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Panacea?
The typical home went under contract in 185 days in the latest three months.
Do homes in Panacea sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.
What are property taxes in Panacea?
About 0.64% of a home’s value a year in Wakulla County, or roughly $2,560 on a $400,000 home.
What is the median home price in Panacea?
The median sale price was $349,849 in the three months ending August 31, 2026, about $257 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology