In October 2026, the median home sale price in Panama City (32404), FL was $264,999, with homes selling in an average of 65 days — slower than the 60-day average last year, suggesting buyers have more negotiating room. A total of 9 homes sold in this period, up from 4 last year — a sign of an active market.
The median list price of Panama City (32404), FL, was $99,950 in October 2026, compared to $190,000 in October 2025.
Panama City (32404), FL Market Trend for Houses
Median List Price
The median list price of houses in Panama City (32404), FL, was $262,000 in October 2026, compared to $320,000 in October 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 October 2026, compared to $0 in October 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 October 2026, compared to $92,000 in October 2025.
Panama City (32404), FL Market Trend for Commercial
Median List Price
The median list price of commercial in Panama City (32404), FL, was $0 in October 2026, compared to $0 in October 2025.
Panama City (32404), FL Housing Market Analysis
There are currently 11 homes listed for sale in Panama City (32404), FL, an increase of 37.50% 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 $2,295,140 (up 698.31% year-over-year), and the average price per square foot is $158 compared to $169 in 2025. Properties spend an average of 270 days on the market before going under contract.
