Active Listings
200
⇩ 9.1% vs 220 last year
Data as of February 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32405) currently shows 200 active listings, with 54 pending sales. Homes are averaging 79 days on the market before going under contract.
Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 79 days on market compared to 72 days last year.
The median listing price has risen 22% year-over-year, from $279,675 to $341,250.
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: 29,661 · Density: 609.9/mi² · Median household income: $68,070
Typical home value: $233,426 · Homeownership: 62.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32405 | Panama City, FL 32405 | 0.0 mi | 201 | $87,859,311 | $339,600 | $437,111 |
| 32401 | Panama City, FL 32401 | 3.8 mi | 160 | $48,364,160 | $259,900 | $302,276 |
| 32407 | Panama City Beach, FL 32407 | 7.3 mi | 447 | $239,005,089 | $410,000 | $534,687 |
| 32409 | Panama City, FL 32409 | 9.5 mi | 75 | $42,452,400 | $449,500 | $566,032 |
| 32466 | Youngstown, FL 32466 | 17.7 mi | 17 | $7,466,349 | $299,900 | $439,197 |
| 32461 | Inlet Beach, FL 32461 | 23.1 mi | 452 | $1,357,237,576 | $1,824,000 | $3,002,738 |
| 32462 | Vernon, FL 32462 | 26.6 mi | 9 | $4,251,375 | $349,500 | $472,375 |
| 32428 | Chipley, FL 32428 | 29.5 mi | 108 | $37,278,036 | $299,950 | $345,167 |
| 32465 | Wewahitchka, FL 32465 | 31.9 mi | 33 | $9,104,601 | $249,900 | $275,897 |
| 32459 | Santa Rosa Beach, FL 32459 | 32.8 mi | 906 | $1,767,639,522 | $1,175,000 | $1,951,037 |
| 32420 | Alford, FL 32420 | 34.7 mi | 13 | $7,315,620 | $344,700 | $562,740 |
| 32421 | Altha, FL 32421 | 36.3 mi | 12 | $4,128,240 | $299,500 | $344,020 |
| 32424 | Blountstown, FL 32424 | 37.3 mi | 16 | $3,180,800 | $166,950 | $198,800 |
As of February 2026, there are 200 active listings in PANAMA CITY, FL (zip code 32405), compared to 220 the prior year.
The median listing price in PANAMA CITY, FL 32405 is $341,250 as of February 2026, a 22% increase from $279,675 the prior year.
Homes in PANAMA CITY, FL 32405 spend an average of 79 days on the market before going under contract, compared to 72 days the prior year.
Based on current inventory and days-on-market data as of February 2026, PANAMA CITY, FL 32405 is currently a Balanced Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 79 days on market compared to 72 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32405 save an estimated $6,825 compared to a typical 5% commission on the median listing price of $341,250. 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.