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Panama City, FL 32401 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Panama City, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 7171PendingPending sales: 77
Panama City, FL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $229k$229kSoldMedian sold price (last 6 months): $225k$225k
What homes actually sell for in Panama City, FL
Distribution of 233 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $165k to $302k
$54k to $119k: 29 sales$54k$119k to $184k: 34 sales$184k to $249k: 67 sales67sales$184k$249k to $314k: 34 sales$314k to $380k: 22 sales$314k$380k to $445k: 10 sales$445k to $510k: 7 sales$445k$510k to $575k: 7 salesMedian $225k

What the numbers say

As of September 14, 2026, Resideline is tracking 71 active listings and 7 pending sales in ZIP code 32401. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $229,000, while the median of the 233 closed sales Resideline tracked over the last six months was $225,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 32401 for 67 days.

Frequently asked questions

What is the median home price in 32401?

The median closed sale price in Panama City, FL 32401 was $225,000 over the last six months, based on 233 closed sales tracked by Resideline. The middle half of those sales ranged from $165,000 to $302,000.

Is 32401 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 71 active listings in 32401, a pending-to-active ratio of 0.10. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 32401 currently looks like a balanced market.

Nearby ZIP code market data

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