Active Listings
784
⇩ 2% vs 800 last year
Data as of March 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32408) currently shows 784 active listings, with 83 pending sales. Homes are averaging 85 days on the market before going under contract.
Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.
The median listing price has fallen 6.9% year-over-year, from $429,700 to $399,900.
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 March 2026, there are 784 active listings in PANAMA CITY, FL (zip code 32408), compared to 800 the prior year.
The median listing price in PANAMA CITY, FL 32408 is $399,900 as of March 2026, a 6.9% decrease from $429,700 the prior year.
Homes in PANAMA CITY, FL 32408 spend an average of 85 days on the market before going under contract, compared to 85 days the prior year.
Based on current inventory and days-on-market data as of March 2026, PANAMA CITY, FL 32408 is currently a Balanced Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32408 save an estimated $7,998 compared to a typical 5% commission on the median listing price of $399,900. 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.