Is Panama City Beach, FL 32407 a buyer’s or seller’s market?

The Panama City Beach housing market right now

In the three months ending August 31, 2026, 5% of homes in Panama City Beach, FL 32407 sold above their list price, the typical home went under contract in 75 days and there were 6.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 189 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (3% then), homes sold faster (98 days then) and the median sale price held steady to $364,842. Overall, Panama City Beach is more competitive than a year ago, so tougher for buyers.

Within Bay County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 87%. On our competition score, Panama City Beach ranks #639 of 796 FL ZIP codes with enough sales (score 10 out of 100).

Nearby, Youngstown 32466 (28% sold over asking) and Panama City 32409 (11% sold over asking) are even more competitive.