Start Free
All market snapshots / 32404

Panama City, FL 32404 Housing Market

Data snapshot: August 3, 2026. Closed-sale window: last 6 months.
Panama City, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 1.09
ActiveActive listings: 4444PendingPending sales: 4848
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): $322k$322kSoldMedian sold price (last 6 months): $290k$290k
What homes actually sell for in Panama City, FL
Distribution of 675 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $250k to $340k
$130k to $173k: 31 sales$130k$173k to $216k: 42 sales$216k to $259k: 105 sales$216k$259k to $302k: 176 sales176sales$302k to $346k: 133 sales$302k$346k to $389k: 65 sales$389k to $432k: 47 sales$389k$432k to $475k: 9 salesMedian $290k

What the numbers say

As of August 3, 2026, Resideline is tracking 44 active listings and 48 pending sales in ZIP code 32404. That pending-to-active ratio of 1.09 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $322,343, while the median of the 675 closed sales Resideline tracked over the last six months was $290,000. 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. The median active listing in 32404 has been on the market for 3 days.

Frequently asked questions

What is the median home price in 32404?

The median closed sale price in Panama City, FL 32404 was $290,000 over the last six months, based on 675 closed sales tracked by Resideline. The middle half of those sales ranged from $249,900 to $339,900.

Is 32404 a buyer's or seller's market?

Resideline is currently tracking 48 pending sales against 44 active listings in 32404, a pending-to-active ratio of 1.09. 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, 32404 currently looks like a seller's market.

Nearby ZIP code market data

Full Panama City, FL housing market report →
Run any 32404 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.