In August 2026, the median home sale price in Panama City (32404), FL was $162,499, with homes selling in an average of 69 days — faster than the 73-day average last year, indicating stronger demand. A total of 6 homes sold in this period, up from 3 last year — a sign of an active market.
The median list price of Panama City (32404), FL, was $90,950 in August 2026, compared to $380,000 in August 2025.
Panama City (32404), FL Market Trend for Houses
Median List Price
The median list price of houses in Panama City (32404), FL, was $264,999 in August 2026, compared to $380,000 in August 2025.
Panama City (32404), FL Market Trend for Condos / Townhouses / Penthouses
Median List Price
The median list price of condos/co-ops in Panama City (32404), FL, was $0 in August 2026, compared to $0 in August 2025.
Panama City (32404), FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Panama City (32404), FL, was $79,900 in August 2026, compared to $409,500 in August 2025.
Panama City (32404), FL Market Trend for Commercial
Median List Price
The median list price of commercial in Panama City (32404), FL, was $89,900 in August 2026, compared to $0 in August 2025.
Panama City (32404), FL Housing Market Analysis
There are currently 18 homes listed for sale in Panama City (32404), FL, an increase of 260.00% compared to 2025. With more homes on the market than are selling each month, buyers may find more options and room to negotiate. The median asking price is $1,343,005 (up 237.95% year-over-year), and the average price per square foot is $157 compared to $164 in 2025. Properties spend an average of 173 days on the market before going under contract.
