In July 2026, the median home sale price in Panama City (32404), FL was $259,999, with homes selling in an average of 72 days — slower than the 63-day average last year, suggesting buyers have more negotiating room. A total of 7 homes sold in this period, up from 2 last year — a sign of an active market.
The median list price of Panama City (32404), FL, was $127,250 in July 2026, compared to $250,000 in July 2025.
Panama City (32404), FL Market Trend for Houses
Median List Price
The median list price of houses in Panama City (32404), FL, was $274,000 in July 2026, compared to $380,000 in July 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 July 2026, compared to $0 in July 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 $89,900 in July 2026, compared to $120,000 in July 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 July 2026, compared to $0 in July 2025.
Panama City (32404), FL Housing Market Analysis
There are currently 14 homes listed for sale in Panama City (32404), FL, an increase of 133.33% 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 $1,712,078 (up 400.61% year-over-year), and the average price per square foot is $162 compared to $164 in 2025. Properties spend an average of 201 days on the market before going under contract.
