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All market snapshots / 32408

Panama City Beach, FL 32408 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: 0.04
ActiveActive listings: 346346PendingPending sales: 1313
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): $399k$399kSoldMedian sold price (last 6 months): $385k$385k
What homes actually sell for in Panama City Beach, FL
Distribution of 586 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $275k to $545k
$186k to $306k: 181 sales181sales$186k$306k to $427k: 134 sales$427k to $548k: 97 sales$427k$548k to $668k: 45 sales$668k to $788k: 32 sales$668k$788k to $909k: 22 sales$909k to $1.03M: 8 sales$909k$1.03M to $1.15M: 7 salesMedian $385k

What the numbers say

As of October 26, 2026, Resideline is tracking 346 active listings and 13 pending sales in ZIP code 32408. That pending-to-active ratio of 0.04 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $399,000, while the median of the 586 closed sales Resideline tracked over the last six months was $385,000. 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 32408 for 109 days.

Frequently asked questions

What is the median home price in 32408?

The median closed sale price in Panama City Beach, FL 32408 was $385,000 over the last six months, based on 586 closed sales tracked by Resideline. The middle half of those sales ranged from $275,000 to $544,995.

Is 32408 a buyer's or seller's market?

Resideline is currently tracking 13 pending sales against 346 active listings in 32408, a pending-to-active ratio of 0.04. 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, 32408 is currently a slower-moving market.

Nearby ZIP code market data

Full Panama City Beach, FL housing market report →

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