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PANAMA CITY BEACH, FL 32407

Real Estate Market Report
Seller's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The PANAMA CITY BEACH, FL real estate market (32407) currently shows 492 active listings, with 92 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has tightened compared to last year, with 136 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 92 days on market compared to 93 days last year.

The median listing price has risen 1.7% year-over-year, from $419,950 to $427,000.

Whether you are buying or selling in PANAMA CITY BEACH, 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: 14,710  ·  Density: 380.8/mi²  ·  Median household income: $75,093

Typical home value: $338,611  ·  Homeownership: 58.7%

Market Overview

Active Listings
492
⇩ 21.7% vs 628 last year
Pending
92
19% pending ratio
Median Price
$427,000
⇧ 1.7% vs $419,950 last year
Average Price
$531,593
⇧ 4.2% vs $510,153 last year
Days on Market
92
⇩ 1.1% vs 93 days last year

Price Per Square Foot

Median $/sqft
$295
⇩ 3% vs $304/sqft last year
Median Home Size
1,328 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 492 this year vs 628 last year
  • Days on market: 92 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $427,000 (+1.7% YoY)
  • Average: $531,593 (+4.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 42.2 miles — 1,816 listings ($847,136,052 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32407Panama City Beach, FL 324070.0 mi453$242,923,968$412,875$536,256
32405Panama City, FL 324057.3 mi200$89,602,200$341,250$448,011
32444Lynn Haven, FL 324448.7 mi115$59,751,125$397,475$519,575
32409Panama City, FL 3240910.4 mi87$50,028,741$458,750$575,043
32404Panama City, FL 3240416.7 mi486$165,406,698$317,400$340,343
32462Vernon, FL 3246224.6 mi8$4,288,664$479,250$536,083
32439Freeport, FL 3243928.3 mi328$177,078,672$431,650$539,874
32428Chipley, FL 3242831.5 mi106$44,001,660$303,900$415,110
32449Wewahitchka, FL 3244935.3 mi1$390,000$390,000$390,000
32427Caryville, FL 3242735.5 mi3$1,158,900$379,900$386,300
32430Clarksville, FL 3243036.9 mi3$1,318,350$439,450$439,450
32420Alford, FL 3242038.6 mi12$6,262,644$339,000$521,887
32421Altha, FL 3242142.2 mi14$4,924,430$279,000$351,745

Frequently Asked Questions

How many homes are for sale in PANAMA CITY BEACH, FL 32407?

As of June 2026, there are 492 active listings in PANAMA CITY BEACH, FL (zip code 32407), compared to 628 the prior year.

What is the median home price in PANAMA CITY BEACH, FL 32407?

The median listing price in PANAMA CITY BEACH, FL 32407 is $427,000 as of June 2026, a 1.7% increase from $419,950 the prior year.

How long do homes stay on the market in PANAMA CITY BEACH, FL?

Homes in PANAMA CITY BEACH, FL 32407 spend an average of 92 days on the market before going under contract, compared to 93 days the prior year.

Is it a seller's or buyer's market in PANAMA CITY BEACH, FL 32407?

Based on current inventory and days-on-market data as of June 2026, PANAMA CITY BEACH, FL 32407 is currently a Seller's Market. Inventory has tightened compared to last year, with 136 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 92 days on market compared to 93 days last year.

How much can I save on real estate commission in PANAMA CITY BEACH, FL?

With SELL123.com's maximum 3% commission, sellers in PANAMA CITY BEACH, FL 32407 save an estimated $8,540 compared to a typical 5% commission on the median listing price of $427,000. 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.