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City / Town Overview

Panama City, FL

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

Market Analysis

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

The Panama City, FL real estate market currently shows 1,751 active listings, with 360 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 137 more homes available — giving buyers more choice.

Homes are selling faster, averaging 72 days on market compared to 76.9 days last year.

The median listing price has fallen 6.8% year-over-year, from $385,518 to $359,456.

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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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
1,751
⇧ 8.5% vs 1,614 last year
Pending
360
21% pending ratio
Median Price
$359,456
⇩ 6.8% vs $385,518 last year
Average Price
$456,347
⇩ 6.6% vs $488,837 last year
Days on Market
72
⇩ 6.4% vs 77 days last year

Price Per Square Foot

Median $/sqft
$271
⇩ 7.3% vs $292/sqft last year
Median Home Size
1,491 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 %