Is Panama City, FL 32406 a buyer’s or seller’s market?
Panama City is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Panama City housing market right now
In the three months ending August 31, 2026, 0% of homes in Panama City, FL 32406 sold above their list price and the typical home went under contract in 183 days. With only 1 sale, these figures can swing a lot from month to month.
The median sale price was $221,904, or about $177 per square foot.
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Where Panama City is
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Questions about Panama City real estate
How fast do homes sell in Panama City?
The typical home went under contract in 183 days in the latest three months.
Do homes in Panama City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What is the median home price in Panama City?
The median sale price was $221,904 in the three months ending August 31, 2026, about $177 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology