Market Intelligence · FL / Panama City Beach

Panama City Beach, FL 32407 Housing Market

Typical home value in Panama City Beach 32407 is $393,119, down 1.8% over the past year. The median list price sits at $431,904, with homes staying on the market for a median of 108 days as of September 2026.

Updated September 2026Median value$393K

The median home value in Panama City Beach, FL 32407 is $393K as of September 2026, down 1.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 32407 range

$362K to $425K

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.

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12-month value trend

-1.8% over 12 months

Sep 2025$401K

Low $393KHigh $401K

Sep 2026$393K

The numbers

What is the 32407 housing market like?

As of September 2026

Typical home value

$393K

1.8%YoY

Median list price

$432K

1.6%MoM

Days on market

108

0.0%MoM

Homes for sale

414

3.0%MoM

Price cuts

20.9%

8.9%MoM

New listings

29.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

32407 housing market forecast 2027

+0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32407 to stay roughly flat by September 2027 (up 0.1%).

Over the 12 months through September 2026, typical home values in 32407 fell 1.8%, per the Zillow Home Value Index.

Will home prices drop in 32407?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 32407 to stay roughly flat by September 2027 (up 0.1%), after a 1.8% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 32407 home prices compare?

32407$393,119
Panama City Beach$431,726
Florida$344,436
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Panama City Beach: 2 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

Panama City Beach's inventory shows 414 homes for sale as of September 2026, with 62 new listings entering the market that same month. The median list price of $431,904 exceeds the typical home value of $393,119 by a notable margin. About 20.9% of current listings have seen a price cut, suggesting sellers are adjusting to softer demand. Homes are taking 108 days to sell on average, which is a longer cycle than the market saw in prior years. For sellers in this ZIP, patience and realistic pricing will be essential.

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Down payment20% · $78,624

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Common questions

What people ask us.

What is the typical home value in 32407?

As of September 2026, the typical home value in Panama City Beach 32407 is $393,119, down 1.8% from the prior year.

How long do homes take to sell in this area?

The median days on market is 108 as of September 2026.

What percentage of homes have had a price cut?

About 20.9% of listings in the area have had a price cut as of September 2026.

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