Panama, Ontario, Canada
As of September 5, 2026, the median asking price in Panama is $372,450, across 230 active MLS® listings.
Those listings have been on the market an average of 206 days.
49 new listings came to market in Panama in the last 30 days.
Asking prices work out to about $478 per square foot, based on the 135 listings that report floor area.
Detached homes in Panama are listed at an average of $841,646 across 114 active listings.
Vacant land in Panama are listed at an average of $190,152 across 71 active listings.
Homes in Panama are listed at an average of $610,226 across 19 active listings.
Commercial properties in Panama are listed at an average of $1,489,444 across 9 active listings.
Quiet acres on the Valley fringe
Panama is the kind of place you pass once and remember—an unhurried rural hamlet in McNab/Braeside where the Ottawa Valley starts to feel wide open. The roads are lined with mixed forest, fields, and long driveways; mailboxes replace sidewalks, and night skies actually get dark. With a Walk Score of 0, daily life here is built around the car, the seasons, and the simple rhythm of country routines.
The community skews toward long-time locals, tradespeople, and families who want room for gardens, quads, and workshops, alongside newer buyers who’ve priced out of town and prefer acreage to subdivision living. Hobby farms and small homesteads are common, and the social fabric is less about main-street strolling and more about neighbours helping neighbours—snowbanks, fallen trees, and shared tools have a way of introducing people. Most errands point toward nearby Arnprior and Renfrew, with some commuters heading to Petawawa or Pembroke for work.
Real estate in and around Panama tends to be low-density and land-forward: older farmhouses, rural bungalows, and newer custom builds set back from the road, often with outbuildings or woodlots. Buyers are typically searching for privacy, storage, and flexibility (space for a home business, a second garage, or multi-generational living), while sellers benefit most from strong presentation of well systems, septic condition, and year-round road access. The pace is quieter than the big-city market, but the value proposition is clear—more square footage and more land, traded for a longer drive to coffee and groceries.
Market Pulse for the Panama neighbourhood in Panama, Ontario, Canada: current live market data is limited, so there aren’t enough active listings or recent sales figures available right now to confidently quantify pricing or days on market. For buyers and investors, this typically points to a thinly traded micro-market where individual properties can set the tone, making it especially important to watch new listings closely and lean on very recent comparables from nearby areas when underwriting offers.
Walk Score 0 · Bike Score 15
The median asking price in Panama is $372,450, across 230 active MLS® listings as of September 5, 2026. The average asking price is $680,318. These are list prices on homes currently for sale, not sale prices.
There are 230 active MLS® listings in Panama as of September 5, 2026. 49 of them came to market in the last 30 days.
Homes currently listed in Panama have been on the market an average of 206 days as of September 5, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 230 homes currently listed in Panama, 50% detached houses, 31% vacant land, 4% commercial properties, 3% condos.
Panama has a Walk Score of 0 out of 100, which Walk Score classifies as Car-Dependent — almost all errands require a car. Bike Score is 15.
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Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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