Active Listings
192
⇩ 15% vs 226 last year
Data as of September 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32405) currently shows 192 active listings, with 43 pending sales. Homes are averaging 103 days on the market before going under contract.
Inventory has tightened compared to last year, with 34 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 103 days on market compared to 95 days last year.
The median listing price has fallen 7.2% year-over-year, from $360,950 to $334,975.
Population: 29,661 · Density: 609.9/mi² · Median household income: $68,070
Typical home value: $233,426 · Homeownership: 62.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32405 | Panama City, FL 32405 | 0.0 mi | 200 | $89,602,200 | $341,250 | $448,011 |
| 32401 | Panama City, FL 32401 | 3.8 mi | 169 | $50,573,419 | $259,225 | $299,251 |
| 32407 | Panama City Beach, FL 32407 | 7.3 mi | 453 | $242,923,968 | $412,875 | $536,256 |
| 32409 | Panama City, FL 32409 | 9.5 mi | 87 | $50,028,741 | $458,750 | $575,043 |
| 32466 | Youngstown, FL 32466 | 17.7 mi | 24 | $10,813,896 | $297,450 | $450,579 |
| 32438 | Fountain, FL 32438 | 26.3 mi | 7 | $2,432,500 | $350,000 | $347,500 |
| 32449 | Wewahitchka, FL 32449 | 28.1 mi | 1 | $390,000 | $390,000 | $390,000 |
| 32430 | Clarksville, FL 32430 | 30.4 mi | 3 | $1,318,350 | $439,450 | $439,450 |
| 32456 | Port Saint Joe, FL 32456 | 32.2 mi | 461 | $453,570,524 | $681,350 | $983,884 |
| 32439 | Freeport, FL 32439 | 34.0 mi | 328 | $177,078,672 | $431,650 | $539,874 |
| 32455 | Ponce De Leon, FL 32455 | 35.0 mi | 24 | $14,848,968 | $352,000 | $618,707 |
| 32427 | Caryville, FL 32427 | 36.4 mi | 3 | $1,158,900 | $379,900 | $386,300 |
| 32321 | Bristol, FL 32321 | 40.8 mi | 16 | $4,361,008 | $272,249 | $272,563 |
As of September 2026, there are 192 active listings in PANAMA CITY, FL (zip code 32405), compared to 226 the prior year.
The median listing price in PANAMA CITY, FL 32405 is $334,975 as of September 2026, a 7.2% decrease from $360,950 the prior year.
Homes in PANAMA CITY, FL 32405 spend an average of 103 days on the market before going under contract, compared to 95 days the prior year.
Based on current inventory and days-on-market data as of September 2026, PANAMA CITY, FL 32405 is currently a Balanced Market. Inventory has tightened compared to last year, with 34 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 103 days on market compared to 95 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32405 save an estimated $6,700 compared to a typical 5% commission on the median listing price of $334,975. 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.