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Panama City Beach, FL 32408 Housing Market

Data snapshot: August 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: 0.33
ActiveActive listings: 130130PendingPending sales: 4343
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): $420k$420kSoldMedian sold price (last 6 months): $385k$385k
What homes actually sell for in Panama City Beach, FL
Distribution of 662 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $280k to $550k
$190k to $305k: 194 sales194sales$190k$305k to $421k: 146 sales$421k to $536k: 118 sales$421k$536k to $651k: 72 sales$651k to $767k: 32 sales$651k$767k to $882k: 22 sales$882k to $997k: 9 sales$882k$997k to $1.11M: 5 salesMedian $385k

What the numbers say

As of August 26, 2026, Resideline is tracking 130 active listings and 43 pending sales in ZIP code 32408. That pending-to-active ratio of 0.33 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $419,752, while the median of the 662 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. The median active listing in 32408 has been on the market for 79 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 662 closed sales tracked by Resideline. The middle half of those sales ranged from $280,000 to $550,000.

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

Resideline is currently tracking 43 pending sales against 130 active listings in 32408, a pending-to-active ratio of 0.33. 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

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