Active Listings
704
⇧ 1.7% vs 692 last year
Population: 18,594 · Density: 837.4/mi² · Median household income: $64,561
Typical home value: $318,444 · Homeownership: 70.1%
Data as of January 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32408) currently shows 704 active listings, with 40 pending sales. Homes are averaging 119 days on the market before going under contract.
Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.
Homes are selling faster, averaging 119 days on market compared to 121 days last year.
The median listing price has fallen 7% year-over-year, from $429,000 to $399,000.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32408 | Panama City, FL 32408 | 0.0 mi | 704 | $376,101,440 | $399,000 | $534,235 |
| 32401 | Panama City, FL 32401 | 4.8 mi | 160 | $48,364,160 | $259,900 | $302,276 |
| 32444 | Lynn Haven, FL 32444 | 8.2 mi | 107 | $51,350,477 | $404,500 | $479,911 |
| 32413 | Panama City Beach, FL 32413 | 13.1 mi | 725 | $502,646,125 | $510,000 | $693,305 |
| 32461 | Inlet Beach, FL 32461 | 19.7 mi | 452 | $1,357,237,576 | $1,824,000 | $3,002,738 |
| 32410 | Mexico Beach, FL 32410 | 24.8 mi | 0 | $0 | $610,000 | $610,000 |
| 32459 | Santa Rosa Beach, FL 32459 | 29.4 mi | 906 | $1,767,639,522 | $1,175,000 | $1,951,037 |
| 32439 | Freeport, FL 32439 | 32.0 mi | 299 | $168,285,273 | $430,960 | $562,827 |
| 32449 | Wewahitchka, FL 32449 | 33.6 mi | 0 | $0 | $454,000 | $454,000 |
| 32455 | Ponce De Leon, FL 32455 | 35.4 mi | 20 | $13,538,500 | $359,500 | $676,925 |
| 32430 | Clarksville, FL 32430 | 36.2 mi | 4 | $1,438,468 | $298,950 | $359,617 |
| 32550 | Miramar Beach, FL 32550 | 38.5 mi | 668 | $652,495,720 | $642,500 | $976,790 |
| 32435 | Defuniak Springs, FL 32435 | 40.4 mi | 41 | $16,221,814 | $294,990 | $395,654 |
As of January 2026, there are 704 active listings in PANAMA CITY, FL (zip code 32408), compared to 692 the prior year.
The median listing price in PANAMA CITY, FL 32408 is $399,000 as of January 2026, a 7% decrease from $429,000 the prior year.
Homes in PANAMA CITY, FL 32408 spend an average of 119 days on the market before going under contract, compared to 121 days the prior year.
Based on current inventory and days-on-market data as of January 2026, PANAMA CITY, FL 32408 is currently a Balanced Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are selling faster, averaging 119 days on market compared to 121 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32408 save an estimated $7,980 compared to a typical 5% commission on the median listing price of $399,000. 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.