Panacea Home Prices & Values

$229,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.8% 1-year change
  • 2.2% 1-year forecast

The median home value in Panacea is $229,800. Panacea home values have gone up 7.8% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in Panacea is $172, which is higher than the Tallahassee Metro average of $105. The median price of homes currently listed in Panacea is $249,000 while the median price of homes that sold is $430,000.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Panacea is 5.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Panacea homeowners underwater on their mortgage is 19.2%, which is lower than Tallahassee Metro at 24.9%.

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Relative ZHVI
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Panacea Market Overview

Data through Jul 31, 2014
  • $229,800 ZHVI
  • 2.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $249,000 Median listing price
  • No recent data Median sale price
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Panacea Market Health

Data through Jul 31, 2014
  • 3.6/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 19.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Eastpoint $370,000 Tallahassee $153,000 Crawfordville $134,200
Sopchoppy $127,000    

Listings & Sales

Data through Jul 31, 2014
  • $172 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 26.8% Listings with price cut
8.3%
Sold below listing
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Panacea Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,447 Panacea
$1,167 Tallahassee Metro
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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