Active Listings
397
⇧ 20.3% vs 330 last year
Population: 40,969 · Density: 117.1/mi² · Median household income: $66,230
Typical home value: $208,705 · Homeownership: 71.9%
Data as of January 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32404) currently shows 397 active listings, with 126 pending sales. Homes are averaging 81 days on the market before going under contract.
Inventory has increased compared to last year, with 67 more homes available — giving buyers more choice.
Homes are selling faster, averaging 81 days on market compared to 87 days last year.
The median listing price has fallen 1.6% year-over-year, from $325,000 to $319,900.
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 $ |
|---|---|---|---|---|---|---|
| 32404 | Panama City, FL 32404 | 0.0 mi | 397 | $139,699,139 | $319,900 | $351,887 |
| 32405 | Panama City, FL 32405 | 9.4 mi | 201 | $87,859,311 | $339,600 | $437,111 |
| 32466 | Youngstown, FL 32466 | 13.8 mi | 17 | $7,466,349 | $299,900 | $439,197 |
| 32409 | Panama City, FL 32409 | 15.2 mi | 75 | $42,452,400 | $449,500 | $566,032 |
| 32410 | Mexico Beach, FL 32410 | 17.7 mi | 0 | $0 | $610,000 | $610,000 |
| 32438 | Fountain, FL 32438 | 22.9 mi | 7 | $3,285,681 | $379,000 | $469,383 |
| 32465 | Wewahitchka, FL 32465 | 23.4 mi | 33 | $9,104,601 | $249,900 | $275,897 |
| 32456 | Port Saint Joe, FL 32456 | 26.5 mi | 413 | $402,480,064 | $674,000 | $974,528 |
| 32428 | Chipley, FL 32428 | 29.7 mi | 108 | $37,278,036 | $299,950 | $345,167 |
| 32321 | Bristol, FL 32321 | 31.5 mi | 15 | $3,790,560 | $249,500 | $252,704 |
| 32420 | Alford, FL 32420 | 31.7 mi | 13 | $7,315,620 | $344,700 | $562,740 |
| 32448 | Marianna, FL 32448 | 37.3 mi | 21 | $5,888,295 | $243,750 | $280,395 |
| 32320 | Apalachicola, FL 32320 | 40.8 mi | 53 | $27,001,645 | $427,000 | $509,465 |
As of January 2026, there are 397 active listings in PANAMA CITY, FL (zip code 32404), compared to 330 the prior year.
The median listing price in PANAMA CITY, FL 32404 is $319,900 as of January 2026, a 1.6% decrease from $325,000 the prior year.
Homes in PANAMA CITY, FL 32404 spend an average of 81 days on the market before going under contract, compared to 87 days the prior year.
Based on current inventory and days-on-market data as of January 2026, PANAMA CITY, FL 32404 is currently a Balanced Market. Inventory has increased compared to last year, with 67 more homes available — giving buyers more choice. Homes are selling faster, averaging 81 days on market compared to 87 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32404 save an estimated $6,398 compared to a typical 5% commission on the median listing price of $319,900. 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.