Panama City, FL 32405 Housing Market
- Active listings30currently for sale
- Pending sales30under contract
- Median asking price$307,499current listings
- Inventory age46 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)284a tracked sample, not a market total
- Median sold price$345,000last 6 months
- Middle half of sold prices$220k to $475k25th to 75th percentile
What the numbers say
As of August 26, 2026, Resideline is tracking 30 active listings and 30 pending sales in ZIP code 32405. That pending-to-active ratio of 1.00 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $307,499, while the median of the 284 closed sales Resideline tracked over the last six months was $345,000. 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 32405 has been on the market for 46 days.
Frequently asked questions
What is the median home price in 32405?
The median closed sale price in Panama City, FL 32405 was $345,000 over the last six months, based on 284 closed sales tracked by Resideline. The middle half of those sales ranged from $220,000 to $475,000.
Is 32405 a buyer's or seller's market?
Resideline is currently tracking 30 pending sales against 30 active listings in 32405, a pending-to-active ratio of 1.00. 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, 32405 currently looks like a seller's market.
Nearby ZIP code market data
- 32404 Panama City, FL
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- 32259 Saint Johns, FL
- 34293 Venice, FL
- 34219 Parrish, FL
- 34771 Saint Cloud, FL