Unshakable ZIP Data 32405 | Panama City, FL Housing Market
Panama City · Bay County · Panama City, FL metro · Florida · Data updated June 19, 2026
The median sale price in ZIP 32405, Panama City, Florida is $364,892 at $199 per square foot. 106 single-family homes sold in the latest period, down 14.5 percent from a year earlier. Homes sit a median of 65 days on market with 6.0 months of supply. Sellers are getting 96.9 percent of list price and 13.6 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $297,847 | |
| Average price per sq ft | $163 | |
| Median sale price | $364,892 | |
| Median sale price per sq ft | $199 | |
| Median home size | 1,832 sq ft | |
| Median new listing price | $346,934 | +0.6% |
| National size rank | 3,769 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 106 | -14.5% |
| Median days on market | 65 days | |
| Months of supply | 6.0 months | |
| New listings | 180 | +7.6% |
| Active listings | 318 | -2.7% |
| Pending sales | 116 | -14.4% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 96.9% | -0.3 pts |
| Share sold above list | 13.6% | -1.7 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$191,195
3-bedroom
$282,667
4-bedroom
$404,814
5-bedroom
$631,637
These figures describe the single-family market for Panama City, Florida ZIP 32405. They are market context, not a substitute for sold comps or a formal appraisal.