Start Free
All market snapshots / 32405

Panama City, FL 32405 Housing Market

Data snapshot: August 3, 2026. Closed-sale window: last 6 months.
Panama City, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.82
ActiveActive listings: 3434PendingPending sales: 2828
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): $294k$294kSoldMedian sold price (last 6 months): $350k$350k
What homes actually sell for in Panama City, FL
Distribution of 272 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $227k to $475k
$115k to $211k: 46 sales$115k$211k to $308k: 54 sales$308k to $404k: 65 sales65sales$308k$404k to $500k: 34 sales$500k to $596k: 23 sales$500k$596k to $692k: 15 sales$692k to $789k: 7 sales$692k$789k to $885k: 1 salesMedian $350k

What the numbers say

As of August 3, 2026, Resideline is tracking 34 active listings and 28 pending sales in ZIP code 32405. That pending-to-active ratio of 0.82 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $294,199, while the median of the 272 closed sales Resideline tracked over the last six months was $349,869. 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 $349,869 over the last six months, based on 272 closed sales tracked by Resideline. The middle half of those sales ranged from $227,000 to $475,000.

Is 32405 a buyer's or seller's market?

Resideline is currently tracking 28 pending sales against 34 active listings in 32405, a pending-to-active ratio of 0.82. 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

Full Panama City, FL housing market report →
Run any 32405 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.