Active Listings
160
⇧ 4.6% vs 153 last year
Population: 18,120 · Density: 559.9/mi² · Median household income: $46,603
Typical home value: $172,407 · Homeownership: 56.7%
Data as of January 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32401) currently shows 160 active listings, with 26 pending sales. Homes are averaging 94 days on the market before going under contract.
Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 94 days on market compared to 77 days last year.
The median listing price has fallen 6.8% year-over-year, from $278,750 to $259,900.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32401 | Panama City, FL 32401 | 0.0 mi | 160 | $48,364,160 | $259,900 | $302,276 |
| 32408 | Panama City, FL 32408 | 4.8 mi | 704 | $376,101,440 | $399,000 | $534,235 |
| 32407 | Panama City Beach, FL 32407 | 8.0 mi | 447 | $239,005,089 | $410,000 | $534,687 |
| 32409 | Panama City, FL 32409 | 13.2 mi | 75 | $42,452,400 | $449,500 | $566,032 |
| 32410 | Mexico Beach, FL 32410 | 20.5 mi | 0 | $0 | $610,000 | $610,000 |
| 32461 | Inlet Beach, FL 32461 | 24.3 mi | 452 | $1,357,237,576 | $1,824,000 | $3,002,738 |
| 32438 | Fountain, FL 32438 | 29.7 mi | 7 | $3,285,681 | $379,000 | $469,383 |
| 32462 | Vernon, FL 32462 | 30.0 mi | 9 | $4,251,375 | $349,500 | $472,375 |
| 32430 | Clarksville, FL 32430 | 32.8 mi | 4 | $1,438,468 | $298,950 | $359,617 |
| 32459 | Santa Rosa Beach, FL 32459 | 34.0 mi | 906 | $1,767,639,522 | $1,175,000 | $1,951,037 |
| 32420 | Alford, FL 32420 | 38.2 mi | 13 | $7,315,620 | $344,700 | $562,740 |
| 32421 | Altha, FL 32421 | 39.1 mi | 12 | $4,128,240 | $299,500 | $344,020 |
| 32427 | Caryville, FL 32427 | 40.1 mi | 3 | $1,158,900 | $379,900 | $386,300 |
As of January 2026, there are 160 active listings in PANAMA CITY, FL (zip code 32401), compared to 153 the prior year.
The median listing price in PANAMA CITY, FL 32401 is $259,900 as of January 2026, a 6.8% decrease from $278,750 the prior year.
Homes in PANAMA CITY, FL 32401 spend an average of 94 days on the market before going under contract, compared to 77 days the prior year.
Based on current inventory and days-on-market data as of January 2026, PANAMA CITY, FL 32401 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 94 days on market compared to 77 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32401 save an estimated $5,198 compared to a typical 5% commission on the median listing price of $259,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.