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All market snapshots / 32407

Panama City Beach, FL 32407 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Panama City Beach, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 196196PendingPending sales: 1212
Panama City Beach, 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): $427k$427kSoldMedian sold price (last 6 months): $373k$373k
What homes actually sell for in Panama City Beach, FL
Distribution of 447 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $295k to $474k
$180k to $252k: 37 sales$180k$252k to $325k: 88 sales$325k to $398k: 100 sales100sales$325k$398k to $470k: 82 sales$470k to $542k: 50 sales$470k$542k to $615k: 22 sales$615k to $688k: 17 sales$615k$688k to $760k: 7 salesMedian $373k

What the numbers say

As of October 26, 2026, Resideline is tracking 196 active listings and 12 pending sales in ZIP code 32407. That pending-to-active ratio of 0.06 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $427,450, while the median of the 447 closed sales Resideline tracked over the last six months was $372,763. 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 32407 for 98 days.

Frequently asked questions

What is the median home price in 32407?

The median closed sale price in Panama City Beach, FL 32407 was $372,763 over the last six months, based on 447 closed sales tracked by Resideline. The middle half of those sales ranged from $295,000 to $473,647.

Is 32407 a buyer's or seller's market?

Resideline is currently tracking 12 pending sales against 196 active listings in 32407, a pending-to-active ratio of 0.06. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 32407 is currently a typical-pace market.

Nearby ZIP code market data

Full Panama City Beach, FL housing market report →

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