Active Listings
116
⇧ 31.8% vs 88 last year
Data as of July 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32409) currently shows 116 active listings, with 41 pending sales. Homes are averaging 70 days on the market before going under contract.
Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice.
Homes are selling faster, averaging 70 days on market compared to 81 days last year.
The median listing price has fallen 13.3% year-over-year, from $505,418 to $438,250.
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: 10,518 · Density: 32.1/mi² · Median household income: $56,276
Typical home value: $191,051 · Homeownership: 89.2%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32409 | Panama City, FL 32409 | 0.0 mi | 87 | $50,028,741 | $458,750 | $575,043 |
| 32405 | Panama City, FL 32405 | 9.5 mi | 200 | $89,602,200 | $341,250 | $448,011 |
| 32413 | Panama City Beach, FL 32413 | 11.0 mi | 780 | $557,146,200 | $516,000 | $714,290 |
| 32401 | Panama City, FL 32401 | 13.2 mi | 169 | $50,573,419 | $259,225 | $299,251 |
| 32404 | Panama City, FL 32404 | 15.3 mi | 486 | $165,406,698 | $317,400 | $340,343 |
| 32461 | Inlet Beach, FL 32461 | 19.8 mi | 488 | $1,482,014,520 | $1,877,500 | $3,036,915 |
| 32428 | Chipley, FL 32428 | 21.1 mi | 106 | $44,001,660 | $303,900 | $415,110 |
| 32427 | Caryville, FL 32427 | 26.9 mi | 3 | $1,158,900 | $379,900 | $386,300 |
| 32420 | Alford, FL 32420 | 28.4 mi | 12 | $6,262,644 | $339,000 | $521,887 |
| 32430 | Clarksville, FL 32430 | 29.2 mi | 3 | $1,318,350 | $439,450 | $439,450 |
| 32435 | Defuniak Springs, FL 32435 | 32.9 mi | 57 | $22,121,529 | $287,820 | $388,097 |
| 32431 | Cottondale, FL 32431 | 35.8 mi | 10 | $3,092,370 | $282,000 | $309,237 |
| 32448 | Marianna, FL 32448 | 37.0 mi | 23 | $6,171,268 | $241,000 | $268,316 |
As of July 2026, there are 116 active listings in PANAMA CITY, FL (zip code 32409), compared to 88 the prior year.
The median listing price in PANAMA CITY, FL 32409 is $438,250 as of July 2026, a 13.3% decrease from $505,418 the prior year.
Homes in PANAMA CITY, FL 32409 spend an average of 70 days on the market before going under contract, compared to 81 days the prior year.
Based on current inventory and days-on-market data as of July 2026, PANAMA CITY, FL 32409 is currently a Balanced Market. Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice. Homes are selling faster, averaging 70 days on market compared to 81 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32409 save an estimated $8,765 compared to a typical 5% commission on the median listing price of $438,250. 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.