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City / Town Overview

Panama City, FL

Aggregate real estate market report across all ZIPs in scope
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
1,537
⇧ 7.6% vs 1,428 last year
Pending
258
17% pending ratio
Median Price
$358,785
⇩ 4% vs $373,656 last year
Average Price
$451,839
⇩ 3.8% vs $469,556 last year
Days on Market
102
⇩ 2.2% vs 104 days last year

Market Analysis

Data as of January 2026. Source: Realtor.com.

The Panama City, FL real estate market currently shows 1,537 active listings, with 258 pending sales. Homes are averaging 102 days on the market before going under contract.

Inventory has increased compared to last year, with 109 more homes available — giving buyers more choice.

Homes are selling faster, averaging 102 days on market compared to 104.3 days last year.

The median listing price has fallen 4% year-over-year, from $373,656 to $358,785.

Whether you are buying or selling in Panama City, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Included Areas

Panama City: 32401, 32402, 32403, 32404, 32405, 32406, 32408, 32409, 32411, 32412, 32417

Market Context

ZIP coverage: 11  ·  Population: 118,608  ·  Median household income: $62,697

Typical home value: $223,667  ·  Homeownership rate: 68.1%

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings