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Breakfast Point

PANAMA CITY BEACH, FL 32407

Real Estate Market Report  ·  Bay County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The PANAMA CITY BEACH, FL real estate market (32407) currently shows 483 active listings, with 84 pending sales. Homes are averaging 102 days on the market before going under contract.

Inventory has tightened compared to last year, with 39 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 102 days on market compared to 101 days last year.

The median listing price has risen 3.8% year-over-year, from $399,900 to $415,250.

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
483
⇩ 7.5% vs 522 last year
Pending
84
17% pending ratio
Median Price
$415,250
⇧ 3.8% vs $399,900 last year
Average Price
$537,704
⇧ 10.6% vs $486,012 last year
Days on Market
102
⇧ 1% vs 101 days last year

Price Per Square Foot

Median $/sqft
$299
⇧ 0.3% vs $298/sqft last year
Median Home Size
1,325 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 483 this year vs 522 last year
  • Days on market: 102 now vs 101 last year

Median & Average Pricing

Year over Year
  • Median: $415,250 (+3.8% YoY)
  • Average: $537,704 (+10.6% 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 March 2026, there are 483 active listings in PANAMA CITY BEACH, FL (zip code 32407), compared to 522 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 $415,250 as of March 2026, a 3.8% increase from $399,900 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 102 days on the market before going under contract, compared to 101 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 March 2026, PANAMA CITY BEACH, FL 32407 is currently a Balanced Market. Inventory has tightened compared to last year, with 39 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 102 days on market compared to 101 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 $8,305 compared to a typical 5% commission on the median listing price of $415,250. 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.