Active Listings
792
⇩ 10.4% vs 884 last year
Data as of July 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32408) currently shows 792 active listings, with 94 pending sales. Homes are averaging 107 days on the market before going under contract.
Inventory has tightened compared to last year, with 92 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 107 days on market compared to 106 days last year.
The median listing price has fallen 5.5% year-over-year, from $427,850 to $404,475.
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 July 2026, there are 792 active listings in PANAMA CITY, FL (zip code 32408), compared to 884 the prior year.
The median listing price in PANAMA CITY, FL 32408 is $404,475 as of July 2026, a 5.5% decrease from $427,850 the prior year.
Homes in PANAMA CITY, FL 32408 spend an average of 107 days on the market before going under contract, compared to 106 days the prior year.
Based on current inventory and days-on-market data as of July 2026, PANAMA CITY, FL 32408 is currently a Balanced Market. Inventory has tightened compared to last year, with 92 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 107 days on market compared to 106 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32408 save an estimated $8,090 compared to a typical 5% commission on the median listing price of $404,475. 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.