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All market snapshots / 32404

Panama City, FL 32404 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: 0.04
ActiveActive listings: 211211PendingPending sales: 88
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): $317k$317kSoldMedian sold price (last 6 months): $285k$285k
What homes actually sell for in Panama City, FL
Distribution of 652 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $245k to $344k
$92k to $140k: 23 sales$92k$140k to $189k: 26 sales$189k to $238k: 46 sales$189k$238k to $286k: 201 sales201sales$286k to $334k: 140 sales$286k$334k to $383k: 86 sales$383k to $432k: 50 sales$383k$432k to $480k: 14 salesMedian $285k

What the numbers say

As of October 26, 2026, Resideline is tracking 211 active listings and 8 pending sales in ZIP code 32404. That pending-to-active ratio of 0.04 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $317,000, while the median of the 652 closed sales Resideline tracked over the last six months was $285,000. 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 94 days.

Frequently asked questions

What is the median home price in 32404?

The median closed sale price in Panama City, FL 32404 was $285,000 over the last six months, based on 652 closed sales tracked by Resideline. The middle half of those sales ranged from $245,000 to $343,938.

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

Resideline is currently tracking 8 pending sales against 211 active listings in 32404, a pending-to-active ratio of 0.04. 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, 32404 is currently a slower-moving market.

Nearby ZIP code market data

Full Panama City, FL housing market report →

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