TuLugar Data · August 2026
Real estate market in Panama
The median price for apartments for sale in Panama is $2,958 per m², with a median sale price of $300K across 1,829 continuously monitored listings. A typical 2-bedroom apartment costs around $274K.
Cities
| # | City / Neighborhood | Listings | Median sale | $/m² | MoM | YoY | Median rent |
|---|---|---|---|---|---|---|---|
| 1 | 1,293 | $304K | $2,750 | — | — | $2,300 | |
| 2 | 103 | $278K | $3,300 | — | — | $1,850 | |
| 3 | 85 | $325K | $2,539 | — | — | $1,300 | |
| 4 | 53 | $320K | $1,588 | — | — | $2,365 | |
| 5 | 45 | $358K | $2,549 | — | — | $800 | |
| 6 | 38 | $375K | $1,345 | — | — | $1,800 | |
| 7 | 30 | $348K | $2,543 | — | — | $1,800 | |
| 8 | 22 | $811K | $2,915 | — | — | — | |
| 9 | 19 | $252K | $3,449 | — | — | — | |
| 10 | 17 | $127K | — | — | — | — |
Price history in Panama
Apartment price per m² and whole-inventory median sale price, in USD. Apartments only: a house’s m² includes the land, so mixing them would not give a figure comparable month to month. Where a neighborhood has no apartments for sale the $/m² column is left empty; the median sale price beside it still carries the month. Published months are never restated. · Download CSV
| Month | Price per m² | MoM | QoQ | YoY | Median sale |
|---|---|---|---|---|---|
| July 2026 | $2,943 | — | — | — | $297,487 |
By property type
| Type | Listings | Median sale | $/m²* |
|---|---|---|---|
ApartmentsView → | 258 | $316K | $2,945 |
HousesView → | 1,112 | $290K | $1,750 |
LandView → | 139 | $298K | $241 |
CommercialView → | 141 | $549K | $1,826 |
*An apartment’s m² is built interior area. For houses and land it includes the ground, so the two figures are not comparable to each other — this page’s headline uses apartments only.
By bedroom count — Apartments
| Apartments | listings | Median | $/m² |
|---|---|---|---|
| Studio | 8 | $373K | $2,717 |
| 1 bedroom | 60 | $215K | $3,674 |
| 2 bedrooms | 83 | $274K | $3,280 |
| 3 bedrooms | 89 | $500K | $2,686 |
| 4 bedrooms | 15 | $1M | $2,796 |
| 5+ bedrooms | 3 | — | — |
By bedroom count — Houses
| Houses | listings | Median | $/m² |
|---|---|---|---|
| Studio | 22 | $310K | $1,325 |
| 1 bedroom | 250 | $200K | $2,596 |
| 2 bedrooms | 388 | $274K | $3,692 |
| 3 bedrooms | 347 | $373K | $1,751 |
| 4 bedrooms | 88 | $940K | $2,287 |
| 5+ bedrooms | 17 | $575K | $786 |
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 sale price per square meter. Minimum 5 active listings per neighborhood.
| # | Neighborhood · City | USD/m² | For sale |
|---|---|---|---|
| 1 | Ancón · Distrito de Panamá | $3,746 | 65 |
| 2 | Juan Díaz · Distrito de Panamá | $3,457 | 166 |
| 3 | San Francisco · Distrito de Panamá | $3,403 | 298 |
| 4 | Santa Cruz de Chinina · Chepo | $3,077 | 20 |
| 5 | Bella Vista · Distrito de Panamá | $2,958 | 307 |
| 6 | Veracruz · Arraiján | $2,829 | 44 |
| 7 | Ciricito · Colón | $2,800 | 14 |
| 8 | Parque Lefevre · Distrito de Panamá | $2,727 | 96 |
| 9 | Escobal · Colón | $2,397 | 13 |
Most affordable neighborhoods in Panama by USD/m²
Median sale price per square meter. Minimum 5 active listings per neighborhood.
| # | Neighborhood · City | USD/m² | For sale |
|---|---|---|---|
| 1 | Escobal · Colón | $2,397 | 13 |
| 2 | Parque Lefevre · Distrito de Panamá | $2,727 | 96 |
| 3 | Ciricito · Colón | $2,800 | 14 |
| 4 | Veracruz · Arraiján | $2,829 | 44 |
| 5 | Bella Vista · Distrito de Panamá | $2,958 | 307 |
| 6 | Santa Cruz de Chinina · Chepo | $3,077 | 20 |
| 7 | San Francisco · Distrito de Panamá | $3,403 | 298 |
| 8 | Juan Díaz · Distrito de Panamá | $3,457 | 166 |
| 9 | Ancón · Distrito de Panamá | $3,746 | 65 |
What is your property in Panama worth?
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Active developers
Companies with active projects here.
Methodology
This page analyzes 1,829 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 2026-08-08 · refreshed 2026-08-08 03:00 UTC