Panama City, FL 32404 Housing Market
- Active listings42currently for sale
- Pending sales53under contract
- Median asking price$321,495current listings
- Inventory age3 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)702a 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 August 26, 2026, Resideline is tracking 42 active listings and 53 pending sales in ZIP code 32404. That pending-to-active ratio of 1.26 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $321,495, while the median of the 702 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 702 closed sales tracked by Resideline. The middle half of those sales ranged from $249,900 to $340,000.
Is 32404 a buyer's or seller's market?
Resideline is currently tracking 53 pending sales against 42 active listings in 32404, a pending-to-active ratio of 1.26. 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
- 32405 Panama City, FL
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- 32259 Saint Johns, FL
- 34293 Venice, FL
- 34219 Parrish, FL
- 34771 Saint Cloud, FL