Start Free
All market snapshots / 32405

Panama City, FL 32405 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Panama City, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 8181PendingPending 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): $350k$350kSoldMedian sold price (last 6 months): $325k$325k
What homes actually sell for in Panama City, FL
Distribution of 280 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $215k to $475k
$96k to $195k: 46 sales$96k$195k to $293k: 59 sales$293k to $392k: 64 sales64sales$293k$392k to $490k: 32 sales$490k to $589k: 24 sales$490k$589k to $688k: 18 sales$688k to $786k: 9 sales$688k$786k to $885k: 0 salesMedian $325k

What the numbers say

As of October 5, 2026, Resideline is tracking 81 active listings and 8 pending sales in ZIP code 32405. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $350,000, while the median of the 280 closed sales Resideline tracked over the last six months was $325,000. 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 32405 for 106 days.

Frequently asked questions

What is the median home price in 32405?

The median closed sale price in Panama City, FL 32405 was $325,000 over the last six months, based on 280 closed sales tracked by Resideline. The middle half of those sales ranged from $215,000 to $475,000.

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

Resideline is currently tracking 8 pending sales against 81 active listings in 32405, a pending-to-active ratio of 0.10. 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 balanced market.

Nearby ZIP code market data

Full Panama City, FL housing market report →

Running a deal in 32405? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator

Run any 32405 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.