Panama City Beach, FL 32408 Housing Market
- Active listings163currently for sale
- Pending sales36under contract
- Median asking price$400,000current listings
- Inventory age42 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)622a tracked sample, not a market total
- Median sold price$375,000last 6 months
- Middle half of sold prices$280k to $550k25th to 75th percentile
What the numbers say
As of July 18, 2026, Resideline is tracking 163 active listings and 36 pending sales in ZIP code 32408. That pending-to-active ratio of 0.22 points to a balanced market: buyers have room to compare options and negotiate.
The median asking price of current listings is $400,000, while the median of the 622 closed sales Resideline tracked over the last six months was $375,000. 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 42 days.
Frequently asked questions
What is the median home price in 32408?
The median closed sale price in Panama City Beach, FL 32408 was $375,000 over the last six months, based on 622 closed sales tracked by Resideline. The middle half of those sales ranged from $279,900 to $550,000.
Is 32408 a buyer's or seller's market?
Resideline is currently tracking 36 pending sales against 163 active listings in 32408, a pending-to-active ratio of 0.22. 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.