Active Listings
486
⇧ 34.6% vs 361 last year
Data as of February 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32404) currently shows 486 active listings, with 146 pending sales. Homes are averaging 44 days on the market before going under contract.
Inventory has increased compared to last year, with 125 more homes available — giving buyers more choice.
Homes are selling faster, averaging 44 days on market compared to 77 days last year.
The median listing price has fallen 5% year-over-year, from $334,113 to $317,400.
Whether you are buying or selling in PANAMA CITY, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 40,969 · Density: 117.1/mi² · Median household income: $66,230
Typical home value: $208,705 · Homeownership: 71.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32404 | Panama City, FL 32404 | 0.0 mi | 397 | $139,699,139 | $319,900 | $351,887 |
| 32405 | Panama City, FL 32405 | 9.4 mi | 201 | $87,859,311 | $339,600 | $437,111 |
| 32466 | Youngstown, FL 32466 | 13.8 mi | 17 | $7,466,349 | $299,900 | $439,197 |
| 32409 | Panama City, FL 32409 | 15.2 mi | 75 | $42,452,400 | $449,500 | $566,032 |
| 32410 | Mexico Beach, FL 32410 | 17.7 mi | 0 | $0 | $610,000 | $610,000 |
| 32438 | Fountain, FL 32438 | 22.9 mi | 7 | $3,285,681 | $379,000 | $469,383 |
| 32465 | Wewahitchka, FL 32465 | 23.4 mi | 33 | $9,104,601 | $249,900 | $275,897 |
| 32456 | Port Saint Joe, FL 32456 | 26.5 mi | 413 | $402,480,064 | $674,000 | $974,528 |
| 32428 | Chipley, FL 32428 | 29.7 mi | 108 | $37,278,036 | $299,950 | $345,167 |
| 32321 | Bristol, FL 32321 | 31.5 mi | 15 | $3,790,560 | $249,500 | $252,704 |
| 32420 | Alford, FL 32420 | 31.7 mi | 13 | $7,315,620 | $344,700 | $562,740 |
| 32448 | Marianna, FL 32448 | 37.3 mi | 21 | $5,888,295 | $243,750 | $280,395 |
| 32320 | Apalachicola, FL 32320 | 40.8 mi | 53 | $27,001,645 | $427,000 | $509,465 |
As of February 2026, there are 486 active listings in PANAMA CITY, FL (zip code 32404), compared to 361 the prior year.
The median listing price in PANAMA CITY, FL 32404 is $317,400 as of February 2026, a 5% decrease from $334,113 the prior year.
Homes in PANAMA CITY, FL 32404 spend an average of 44 days on the market before going under contract, compared to 77 days the prior year.
Based on current inventory and days-on-market data as of February 2026, PANAMA CITY, FL 32404 is currently a Balanced Market. Inventory has increased compared to last year, with 125 more homes available — giving buyers more choice. Homes are selling faster, averaging 44 days on market compared to 77 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32404 save an estimated $6,348 compared to a typical 5% commission on the median listing price of $317,400. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.