Active Listings
201
⇧ 3.6% vs 194 last year
Population: 29,661 · Density: 609.9/mi² · Median household income: $68,070
Typical home value: $233,426 · Homeownership: 62.9%
Data as of January 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32405) currently shows 201 active listings, with 50 pending sales. Homes are averaging 84 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 selling faster, averaging 84 days on market compared to 108 days last year.
The median listing price has risen 19.5% year-over-year, from $284,200 to $339,600.
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 $ |
|---|---|---|---|---|---|---|
| 32405 | Panama City, FL 32405 | 0.0 mi | 201 | $87,859,311 | $339,600 | $437,111 |
| 32401 | Panama City, FL 32401 | 3.8 mi | 160 | $48,364,160 | $259,900 | $302,276 |
| 32407 | Panama City Beach, FL 32407 | 7.3 mi | 447 | $239,005,089 | $410,000 | $534,687 |
| 32409 | Panama City, FL 32409 | 9.5 mi | 75 | $42,452,400 | $449,500 | $566,032 |
| 32466 | Youngstown, FL 32466 | 17.7 mi | 17 | $7,466,349 | $299,900 | $439,197 |
| 32461 | Inlet Beach, FL 32461 | 23.1 mi | 452 | $1,357,237,576 | $1,824,000 | $3,002,738 |
| 32462 | Vernon, FL 32462 | 26.6 mi | 9 | $4,251,375 | $349,500 | $472,375 |
| 32428 | Chipley, FL 32428 | 29.5 mi | 108 | $37,278,036 | $299,950 | $345,167 |
| 32465 | Wewahitchka, FL 32465 | 31.9 mi | 33 | $9,104,601 | $249,900 | $275,897 |
| 32459 | Santa Rosa Beach, FL 32459 | 32.8 mi | 906 | $1,767,639,522 | $1,175,000 | $1,951,037 |
| 32420 | Alford, FL 32420 | 34.7 mi | 13 | $7,315,620 | $344,700 | $562,740 |
| 32421 | Altha, FL 32421 | 36.3 mi | 12 | $4,128,240 | $299,500 | $344,020 |
| 32424 | Blountstown, FL 32424 | 37.3 mi | 16 | $3,180,800 | $166,950 | $198,800 |
As of January 2026, there are 201 active listings in PANAMA CITY, FL (zip code 32405), compared to 194 the prior year.
The median listing price in PANAMA CITY, FL 32405 is $339,600 as of January 2026, a 19.5% increase from $284,200 the prior year.
Homes in PANAMA CITY, FL 32405 spend an average of 84 days on the market before going under contract, compared to 108 days the prior year.
Based on current inventory and days-on-market data as of January 2026, PANAMA CITY, FL 32405 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 84 days on market compared to 108 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32405 save an estimated $6,792 compared to a typical 5% commission on the median listing price of $339,600. 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.