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Panama City, FL 32404 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: 0.06
ActiveActive listings: 217217PendingPending sales: 1313
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): $310k$310kSoldMedian sold price (last 6 months): $290k$290k
What homes actually sell for in Panama City, FL
Distribution of 689 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $250k to $341k
$125k to $171k: 28 sales$125k$171k to $216k: 39 sales$216k to $262k: 136 sales$216k$262k to $308k: 171 sales171sales$308k to $353k: 127 sales$308k$353k to $399k: 77 sales$399k to $444k: 23 sales$399k$444k to $490k: 19 salesMedian $290k

What the numbers say

As of September 14, 2026, Resideline is tracking 217 active listings and 13 pending sales in ZIP code 32404. That pending-to-active ratio of 0.06 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $310,000, while the median of the 689 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. Resideline has been seeing the median active listing in 32404 for 70 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 689 closed sales tracked by Resideline. The middle half of those sales ranged from $249,900 to $341,000.

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

Resideline is currently tracking 13 pending sales against 217 active listings in 32404, a pending-to-active ratio of 0.06. 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 balanced market.

Nearby ZIP code market data

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