Active Listings
800
⇩ 4.1% vs 834 last year
Data as of April 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32408) currently shows 800 active listings, with 91 pending sales. Homes are averaging 86 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 86 days on market compared to 75 days last year.
The median listing price has fallen 5.1% year-over-year, from $429,000 to $407,000.
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.
Population: 18,594 · Density: 837.4/mi² · Median household income: $64,561
Typical home value: $318,444 · Homeownership: 70.1%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32408 | Panama City, FL 32408 | 0.0 mi | 756 | $409,590,216 | $399,925 | $541,786 |
| 32401 | Panama City, FL 32401 | 4.8 mi | 169 | $50,573,419 | $259,225 | $299,251 |
| 32444 | Lynn Haven, FL 32444 | 8.2 mi | 115 | $59,751,125 | $397,475 | $519,575 |
| 32413 | Panama City Beach, FL 32413 | 13.1 mi | 780 | $557,146,200 | $516,000 | $714,290 |
| 32461 | Inlet Beach, FL 32461 | 19.7 mi | 488 | $1,482,014,520 | $1,877,500 | $3,036,915 |
| 32462 | Vernon, FL 32462 | 27.9 mi | 8 | $4,288,664 | $479,250 | $536,083 |
| 32438 | Fountain, FL 32438 | 31.5 mi | 7 | $2,432,500 | $350,000 | $347,500 |
| 32428 | Chipley, FL 32428 | 33.5 mi | 106 | $44,001,660 | $303,900 | $415,110 |
| 32456 | Port Saint Joe, FL 32456 | 33.9 mi | 461 | $453,570,524 | $681,350 | $983,884 |
| 32465 | Wewahitchka, FL 32465 | 35.6 mi | 36 | $10,399,536 | $249,900 | $288,876 |
| 32427 | Caryville, FL 32427 | 38.5 mi | 3 | $1,158,900 | $379,900 | $386,300 |
| 32420 | Alford, FL 32420 | 39.7 mi | 12 | $6,262,644 | $339,000 | $521,887 |
| 32421 | Altha, FL 32421 | 42.0 mi | 14 | $4,924,430 | $279,000 | $351,745 |
As of April 2026, there are 800 active listings in PANAMA CITY, FL (zip code 32408), compared to 834 the prior year.
The median listing price in PANAMA CITY, FL 32408 is $407,000 as of April 2026, a 5.1% decrease from $429,000 the prior year.
Homes in PANAMA CITY, FL 32408 spend an average of 86 days on the market before going under contract, compared to 75 days the prior year.
Based on current inventory and days-on-market data as of April 2026, PANAMA CITY, FL 32408 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 86 days on market compared to 75 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32408 save an estimated $8,140 compared to a typical 5% commission on the median listing price of $407,000. 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.