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City / Town Overview

Panama City, FL

Aggregate real estate market report across all ZIPs in scope
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The Panama City, FL real estate market currently shows 1,763 active listings, with 327 pending sales. Homes are averaging 98.3 days on the market before going under contract.

Inventory has tightened compared to last year, with 39 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 98.3 days on market compared to 103.7 days last year.

The median listing price has fallen 6.7% year-over-year, from $377,625 to $352,433.

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Market Context

Market Context

Population: 118,608  ·  Density: 412.7/mi²  ·  Median household income: $62,697

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

Included Areas

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

Harrison Place: 32402, 32405

Callaway: 32404

Area Map

Market Overview

Active Listings
1,763
⇩ 2.2% vs 1,802 last year
Pending
327
19% pending ratio
Median Price
$352,433
⇩ 6.7% vs $377,625 last year
Average Price
$459,059
⇩ 6.6% vs $491,421 last year
Days on Market
98.3
⇩ 5.2% vs 104 days last year

Price Per Square Foot

Median $/sqft
$269
⇩ 4.6% vs $282/sqft last year
Median Home Size
1,518 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %