Active Listings
778
⇩ 8.8% vs 853 last year
Data as of September 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32408) currently shows 778 active listings, with 88 pending sales. Homes are averaging 108 days on the market before going under contract.
Inventory has tightened compared to last year, with 75 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 108 days on market compared to 127 days last year.
The median listing price has fallen 4.7% year-over-year, from $412,000 to $392,500.
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 September 2026, there are 778 active listings in PANAMA CITY, FL (zip code 32408), compared to 853 the prior year.
The median listing price in PANAMA CITY, FL 32408 is $392,500 as of September 2026, a 4.7% decrease from $412,000 the prior year.
Homes in PANAMA CITY, FL 32408 spend an average of 108 days on the market before going under contract, compared to 127 days the prior year.
Based on current inventory and days-on-market data as of September 2026, PANAMA CITY, FL 32408 is currently a Seller's Market. Inventory has tightened compared to last year, with 75 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 108 days on market compared to 127 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32408 save an estimated $7,850 compared to a typical 5% commission on the median listing price of $392,500. 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.