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All market snapshots / 32401

Panama City, FL 32401 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Panama City, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 7575PendingPending 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): $250k$250kSoldMedian sold price (last 6 months): $240k$240k
What homes actually sell for in Panama City, FL
Distribution of 219 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $170k to $334k
$55k to $123k: 25 sales$55k$123k to $191k: 39 sales$191k to $259k: 57 sales57sales$191k$259k to $327k: 33 sales$327k to $396k: 24 sales$327k$396k to $464k: 8 sales$464k to $532k: 7 sales$464k$532k to $600k: 6 salesMedian $240k

What the numbers say

As of October 26, 2026, Resideline is tracking 75 active listings and 7 pending sales in ZIP code 32401. That pending-to-active ratio of 0.09 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $250,000, while the median of the 219 closed sales Resideline tracked over the last six months was $239,900. 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 79 days.

Frequently asked questions

What is the median home price in 32401?

The median closed sale price in Panama City, FL 32401 was $239,900 over the last six months, based on 219 closed sales tracked by Resideline. The middle half of those sales ranged from $170,000 to $334,000.

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

Resideline is currently tracking 7 pending sales against 75 active listings in 32401, a pending-to-active ratio of 0.09. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 32401 is currently a typical-pace market.

Nearby ZIP code market data

Full Panama City, FL housing market report →

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