Panama City, FL 32405 Housing Market
- Active listings38currently for sale
- Pending sales21under contract
- Median asking price$307,499current listings
- Inventory age12 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)275a tracked sample, not a market total
- Median sold price$350,000last 6 months
- Middle half of sold prices$235k to $480k25th to 75th percentile
What the numbers say
As of July 18, 2026, Resideline is tracking 38 active listings and 21 pending sales in ZIP code 32405. That pending-to-active ratio of 0.55 points to a competitive market: a meaningful share of the inventory is already under contract.
The median asking price of current listings is $307,499, while the median of the 275 closed sales Resideline tracked over the last six months was $350,000. 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 12 days.
Frequently asked questions
What is the median home price in 32405?
The median closed sale price in Panama City, FL 32405 was $350,000 over the last six months, based on 275 closed sales tracked by Resideline. The middle half of those sales ranged from $234,900 to $480,000.
Is 32405 a buyer's or seller's market?
Resideline is currently tracking 21 pending sales against 38 active listings in 32405, a pending-to-active ratio of 0.55. 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 competitive market.