TuLugar Data · September 2026
Real estate market in Panama
Panama's entire housing market in one place — sale and rent prices, from country to neighborhood, updated daily.
Largest cities
apartment USD/m²
Cities
Apartment prices: median sale, $/m² and rent. “Listings” counts the whole inventory.
| # | City / Neighborhood | Listings | Apt. sale | $/m² | MoM | YoY | Apt. rent |
|---|---|---|---|---|---|---|---|
| 1 | 1,289 | $300K | $3,367 | — | — | — | |
| 2 | 100 | $277K | $3,300 | — | — | — | |
| 3 | 85 | — | — | — | — | — | |
| 4 | 53 | — | — | — | — | — | |
| 5 | 44 | — | — | — | — | — | |
| 6 | 38 | — | — | — | — | — | |
| 7 | 30 | $437K | $2,615 | — | — | — | |
| 8 | 22 | $840K | $3,077 | — | — | — | |
| 9 | 19 | — | — | — | — | — | |
| 10 | 14 | — | — | — | — | — |
By property type
| Type | Listings | Median sale | $/m²* |
|---|---|---|---|
ApartmentsView → | 26116% | $316K | $2,965 |
HousesView → | 1,09967% | $293K | — |
LandView → | 1398% | $380K | $241 |
CommercialView → | 1409% | $650K | $1,826 |
*Apartment and house m² is built area; land m² is the plot. A house enters its $/m² only when the source reports built area. This page’s headline uses apartments only.
By bedroom count — Apartments
| Apartments | listings | Median | $/m² |
|---|---|---|---|
| Studio | 8 | $373K | $2,717 |
| 1 bedroom | 60 | $224K | $3,710 |
| 2 bedrooms | 82 | $275K | $3,280 |
| 3 bedrooms | 89 | $500K | $2,686 |
| 4 bedrooms | 16 | $1M | $2,794 |
| 5+ bedrooms | 3 | — | — |
By bedroom count — Houses
| Houses | listings | Median | $/m² |
|---|---|---|---|
| Studio | 22 | $337K | — |
| 1 bedroom | 246 | $200K | — |
| 2 bedrooms | 382 | $275K | — |
| 3 bedrooms | 344 | $375K | — |
| 4 bedrooms | 88 | $940K | — |
| 5+ bedrooms | 17 | $770K | — |
By lot size — Land
Price per m² varies dramatically between urban lots and rural plots. We show each category separately so the median represents something concrete.
| By lot size — Land | listings | Median | $/m² |
|---|---|---|---|
| Urban lot< 500 m² | no data | — | — |
| Residential plot500 – 2,000 m² | 4 | — | — |
| Suburban estate2,000 – 10,000 m² | 3 | — | — |
| Rural / farm> 1 ha | no data | — | — |
Price distribution
How many listings fall in each price range (USD).
Price distribution — sale
Price distribution — rent
Market pace
Measures how long ago the listings that are STILL on the market today were published — not how long they take to sell. Shown only where we know the real publication date for most of the inventory.
National $/m² ranking
Most expensive neighborhoods in Panama by USD/m²
Median price per square meter of apartments for sale. Minimum 5 apartments per neighborhood.
| # | Neighborhood · City | USD/m² | Apts. for sale |
|---|---|---|---|
| 1 | Ancón · Distrito de Panamá | $3,746 | 7 |
| 2 | Juan Díaz · Distrito de Panamá | $3,477 | 21 |
| 3 | San Francisco · Distrito de Panamá | $3,403 | 25 |
| 4 | Santa Cruz de Chinina · Chepo | $3,077 | 16 |
| 5 | Bella Vista · Distrito de Panamá | $2,958 | 35 |
| 6 | Veracruz · Arraiján | $2,829 | 8 |
| 7 | Ciricito · Colón | $2,800 | 11 |
| 8 | Parque Lefevre · Distrito de Panamá | $2,761 | 14 |
| 9 | Escobal · Colón | $2,397 | 11 |
Most affordable neighborhoods in Panama by USD/m²
Median price per square meter of apartments for sale. Minimum 5 apartments per neighborhood.
| # | Neighborhood · City | USD/m² | Apts. for sale |
|---|---|---|---|
| 1 | Escobal · Colón | $2,397 | 11 |
| 2 | Parque Lefevre · Distrito de Panamá | $2,761 | 14 |
| 3 | Ciricito · Colón | $2,800 | 11 |
| 4 | Veracruz · Arraiján | $2,829 | 8 |
| 5 | Bella Vista · Distrito de Panamá | $2,958 | 35 |
| 6 | Santa Cruz de Chinina · Chepo | $3,077 | 16 |
| 7 | San Francisco · Distrito de Panamá | $3,403 | 25 |
| 8 | Juan Díaz · Distrito de Panamá | $3,477 | 21 |
| 9 | Ancón · Distrito de Panamá | $3,746 | 7 |
What is your property in Panama worth?
Free instant estimate from analyzed listings in your area.
Active developers
Companies with active projects here.
Methodology
This page analyzes 1,817 listings in Panama.
Metrics are calculated from the active inventory TuLugar monitors across the market — both listings published on TuLugar and active agency supply tracked continuously. They are asking prices, not final transaction or closing prices.
We use medians to reduce the effect of outlier properties; $/m² only includes listings with valid area data. Prices in other currencies are converted to USD using the exchange rate available when the snapshot is refreshed.
Data is recalculated daily and can change when listings are published, updated, or deactivated.
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In parentheses: analyzed market listings, not only those published on TuLugar.
Data as of 2026-09-30 · refreshed 2026-09-30 03:00 UTC