Panama City Beach, FL 32407 Housing Market
- Active listings71currently for sale
- Pending sales39under contract
- Median asking price$410,000current listings
- Inventory age86 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)482a tracked sample, not a market total
- Median sold price$379,000last 6 months
- Middle half of sold prices$286k to $475k25th to 75th percentile
What the numbers say
As of July 18, 2026, Resideline is tracking 71 active listings and 39 pending sales in ZIP code 32407. 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 $410,000, while the median of the 482 closed sales Resideline tracked over the last six months was $379,000. 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 32407 has been on the market for 86 days.
Frequently asked questions
What is the median home price in 32407?
The median closed sale price in Panama City Beach, FL 32407 was $379,000 over the last six months, based on 482 closed sales tracked by Resideline. The middle half of those sales ranged from $286,425 to $475,000.
Is 32407 a buyer's or seller's market?
Resideline is currently tracking 39 pending sales against 71 active listings in 32407, 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, 32407 currently looks like a competitive market.