Panama IL Real Estate & Homes for Sale

The median home value in Panama, IL is $47,400. This is lower than the county median home value of $73,800. The national median home value is $185,800. The average price of homes sold in Panama, IL is $47,400. Approximately 58.06% of Panama homes are owned, compared to 10.97% rented, while 30.97% are vacant. Panama real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Panama real estate agent to arrange a tour today!

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Single Family
Lot size:
5.23 Acres
Year built:
Not in a Subdivision


5.23 +/- ACRES THAT WON'T BREAK THE BANK!!! This 3 bedroom ranch style home is situated on 5.23 +/- wooded acres on the edge of town. The home features a remodeled living room with surround sound, spacious family room, kitchen & dining combo, a detached 24x28 garage with a wood stove, 2 car carport, and storage shed. New roof in 2010. Includes a 14 month Home Warranty through Home Warranty, Inc.! The 70" TV and surround sound system in the living room stays and the wood King size Master Bedroom set (less the mattress & box springs) stays! Includes city water, sewer & natural gas!

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Andrea D. Conner, License 71221, Xome Inc., License 68390,, 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067

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