Market Intelligence · FL / Panama City Beach

Panama City Beach, FL 32407 Housing Market

The typical home in Panama City Beach, FL 32407 is valued at $395,364, down 2.6% over the past year as of 2026-08-01. The median list price is $439,000, and homes spend a median of 108 days on market.

Updated August 2026Median value$395K

The median home value in Panama City Beach, FL 32407 is $395K as of August 2026, down 2.6% 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

$364K to $427K

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

-2.6% over 12 months

Typical home value in 32407 over the last 12 months: $406K in Aug 2025 to $395K in Aug 2026 (-2.6%).

Aug 2025$406K

Aug 2026$395K

The numbers

What is the 32407 housing market like?

Typical home value

$395K

Down2.6%YoY

Median list price

$439K

Up0.5%MoM

Days on market

108

Up10.2%MoM

Homes for sale

402

Down0.2%MoM

Price cuts

19.1%

Up2.1%MoM

New listings

88

Up37.5%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 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$395,364
  • Panama City Beach$432,124
  • Florida$345,153
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Panama City Beach: 2 ZIPs; Florida: 923 ZIPs; United States: 26,265 ZIPs).

Context

There are 402 homes for sale in 32407 as of 2026-08-01, with 88 new listings coming on in the same period. The median list price of $439,000 sits above the typical home value of $395,364, which suggests sellers are aiming higher than where values have settled. Homes take a median of 108 days to sell, so buyers have time to compare and negotiate. About 19.1% of listings have had a price cut. A seller should expect a slower process and should price realistically from the start.

Monthly payment

Estimate your monthly payment.

20% · $79,073

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.