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All market snapshots / 32408

Panama City Beach, FL 32408 Housing Market

Data snapshot: September 7, 2026. Closed-sale window: last 6 months.
Panama City Beach, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.45
ActiveActive listings: 122122PendingPending sales: 5555
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): $414k$414kSoldMedian sold price (last 6 months): $385k$385k
What homes actually sell for in Panama City Beach, FL
Distribution of 647 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $280k to $549k
$190k to $291k: 150 sales$190k$291k to $392k: 155 sales155sales$392k to $493k: 105 sales$392k$493k to $594k: 85 sales$594k to $696k: 37 sales$594k$696k to $797k: 27 sales$797k to $898k: 17 sales$797k$898k to $999k: 8 salesMedian $385k

What the numbers say

As of September 7, 2026, Resideline is tracking 122 active listings and 55 pending sales in ZIP code 32408. That pending-to-active ratio of 0.45 points to a competitive market: a meaningful share of the inventory is already under contract.

The median asking price of current listings is $413,500, while the median of the 647 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 647 closed sales tracked by Resideline. The middle half of those sales ranged from $279,900 to $549,000.

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

Resideline is currently tracking 55 pending sales against 122 active listings in 32408, a pending-to-active ratio of 0.45. 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 competitive market.

Nearby ZIP code market data

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