Active Listings
120
⇧ 39.5% vs 86 last year
Data as of September 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32409) currently shows 120 active listings, with 38 pending sales. Homes are averaging 86 days on the market before going under contract.
Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 86 days on market compared to 80 days last year.
The median listing price has fallen 20.2% year-over-year, from $519,450 to $414,350.
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 September 2026, there are 120 active listings in PANAMA CITY, FL (zip code 32409), compared to 86 the prior year.
The median listing price in PANAMA CITY, FL 32409 is $414,350 as of September 2026, a 20.2% decrease from $519,450 the prior year.
Homes in PANAMA CITY, FL 32409 spend an average of 86 days on the market before going under contract, compared to 80 days the prior year.
Based on current inventory and days-on-market data as of September 2026, PANAMA CITY, FL 32409 is currently a Buyer's Market. Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 80 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32409 save an estimated $8,287 compared to a typical 5% commission on the median listing price of $414,350. 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.