Panama City, FL 32404 Housing Market
- Active listings49currently for sale
- Pending sales51under contract
- Median asking price$323,696current listings
- Inventory age6 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)644a tracked sample, not a market total
- Median sold price$290,000last 6 months
- Middle half of sold prices$250k to $340k25th to 75th percentile
What the numbers say
As of July 18, 2026, Resideline is tracking 49 active listings and 51 pending sales in ZIP code 32404. That pending-to-active ratio of 1.04 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $323,696, while the median of the 644 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 6 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 644 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 51 pending sales against 49 active listings in 32404, a pending-to-active ratio of 1.04. 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.