Is Panama City, FL 32411 a buyer’s or seller’s market?
Panama City is a buyer’s market. With about 14.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Panama City housing market right now
In the three months ending August 31, 2026, 0% of homes in Panama City, FL 32411 sold above their list price, the typical home went under contract in 98 days and there were 14.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (90 days then) and the median sale price rose 29% to $489,788. Overall, Panama City is about as competitive as it was a year ago.
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Where Panama City is
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Questions about Panama City real estate
Is Panama City a buyer’s or seller’s market?
A buyer’s market: there were 14.1 months of supply in Panama City, FL 32411 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Panama City?
The typical home went under contract in 98 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 94.6% of the list price.
What is the median home price in Panama City?
The median sale price was $489,788 in the three months ending August 31, 2026, about $330 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