Market Intelligence · FL / Panama City Beach

Panama City Beach, FL 32407 Housing Market

The typical home in Panama City Beach 32407 is worth $396,749, down 4.1% over the past year. The median list price is $427,000, and homes are taking a median of 92 days on the market.

Updated June 2026Median value$397K

The median home value in Panama City Beach, FL 32407 is $397K as of June 2026, down 4.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

Get a cash offer

Sell without the wait

Sell your Panama City Beach home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 32407 range

$365K to $428K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 32407 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Panama City Beach, FL.

12-month value trend

-4.1% over 12 months

Typical home value in 32407 over the last 12 months: $414K in Jun 2025 to $397K in Jun 2026 (-4.1%).

Jun 2025$414K

Jun 2026$397K

The numbers

What is the 32407 housing market like?

Typical home value

$397K

Down4.1%YoY

Median list price

$427K

Days on market

92

Up9.5%MoM

Homes for sale

401

Price cuts

22.8%

New listings

80

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

Free home value report

See what your 32407 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 32407 home prices compare?

  • 32407$396,749
  • Panama City Beach$434,082
  • Florida$347,135
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Panama City Beach: 2 ZIPs; Florida: 923 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 401 homes for sale in 32407, with 80 new listings added. The median list price sits at $427,000, while the typical home value is $396,749, down 4.1% over the past year. Homes are taking a median of 92 days to sell, and 22.8% of listings have had a price cut. This is a slower market, so sellers should price carefully and expect to wait.

Monthly payment

Estimate your monthly payment.

20% · $79,350

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.