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All market snapshots / 32408

Panama City Beach, FL 32408 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Panama City Beach, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.03
ActiveActive listings: 337337PendingPending sales: 1111
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): $400k$400kSoldMedian sold price (last 6 months): $390k$390k
What homes actually sell for in Panama City Beach, FL
Distribution of 621 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $278k to $552k
$190k to $307k: 178 sales178sales$190k$307k to $424k: 141 sales$424k to $541k: 108 sales$424k$541k to $658k: 62 sales$658k to $774k: 32 sales$658k$774k to $891k: 24 sales$891k to $1.01M: 11 sales$891k$1.01M to $1.12M: 6 salesMedian $390k

What the numbers say

As of October 5, 2026, Resideline is tracking 337 active listings and 11 pending sales in ZIP code 32408. That pending-to-active ratio of 0.03 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $399,900, while the median of the 621 closed sales Resideline tracked over the last six months was $390,000. 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 106 days.

Frequently asked questions

What is the median home price in 32408?

The median closed sale price in Panama City Beach, FL 32408 was $390,000 over the last six months, based on 621 closed sales tracked by Resideline. The middle half of those sales ranged from $277,500 to $551,500.

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

Resideline is currently tracking 11 pending sales against 337 active listings in 32408, a pending-to-active ratio of 0.03. 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, 32408 currently looks like a balanced market.

Nearby ZIP code market data

Full Panama City Beach, FL housing market report →

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