Why Live in Panama
Panama, located on the southern outskirts of Bakersfield in the San Joaquin Valley, offers a small-town atmosphere with close proximity to the city. The neighborhood is characterized by its agricultural surroundings, including horses, farms, and fruit trees, reflecting Bakersfield's strong farming and dairy industry. The area is also known for its musical heritage, particularly the "Bakersfield sound" popularized by Buck Owens. Housing in Panama features a mix of newer constructions and existing homes, primarily in ranch or Spanish revival styles, often with manicured lawns and stucco exteriors. Sidewalks throughout the neighborhood make it ideal for walking or jogging. Schools in Panama are well-rated, with Ridgeview High School standing out for its academic performance and successful sports programs, including a regional championship-winning baseball team. For recreation, Weston Park offers a playground and picnic areas, while the nearby Kaiser Permanente Sports Village Soccer Complex provides extensive facilities for soccer, football, baseball, and basketball. Dining options are available just outside Panama, with notable spots like Buck Owens' Crystal Palace and Toasted offering a variety of meals. Groceries can be found at WinCo Foods Market, and additional shopping is available at Valley Plaza Mall. State Route 99, located a few blocks east, connects Panama to Bakersfield and other Central Valley cities, and a local bus line provides public transportation within the neighborhood.
Home Trends in Panama, CA
On average, homes in Panama, Bakersfield sell after 37 days on the market compared to the national average of 51 days. The median sale price for homes in Panama, Bakersfield over the last 12 months is $442,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$442,000
Median Single Family Sale Price
$460,000
Average Price Per Sq Ft
$230
Number of Homes for Sale
59
Last 12 months Home Sales
97
Median List Price
$460,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%