Is Panama City Beach, FL 32413 a buyer’s or seller’s market?

The Panama City Beach housing market right now

In the three months ending August 31, 2026, 6% of homes in Panama City Beach, FL 32413 sold above their list price, the typical home went under contract in 100 days and there were 7 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 316 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (4% then), homes sold more slowly (86 days then) and the median sale price fell 2% to $469,297. Overall, Panama City Beach is less competitive than a year ago, which gives buyers more room.

Within Bay County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 62%. On our competition score, Panama City Beach ranks #688 of 796 FL ZIP codes with enough sales (score 7 out of 100).

Nearby, buyers who want less competition could look at Panama City 32408 (3% sold over asking), while Youngstown 32466 (28% sold over asking) and Panama City 32409 (11% sold over asking) are even more competitive.