Market Intelligence · FL / Panama City

Panama City, FL 32401 Housing Market

The typical home value in Panama City's 32401 ZIP code is $218,862, unchanged at 0.0% over the past year. The median list price is $249,950, and homes are taking a median of 69 days on market as of June 1, 2026.

Updated June 2026Median value$219K

The median home value in Panama City, FL 32401 is $219K as of June 2026, little changed 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.

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Typical 32401 range

$201K to $236K

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

-0.0% over 12 months

Typical home value in 32401 over the last 12 months: $219K in Jun 2025 to $219K in Jun 2026 (-0.0%).

Jun 2025$219K

Jun 2026$219K

The numbers

What is the 32401 housing market like?

Typical home value

$219K

Flat0.0%YoY

Median list price

$250K

Days on market

69

Up19.0%MoM

Homes for sale

148

Price cuts

27.3%

New listings

36

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

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The comparison

How do 32401 home prices compare?

  • 32401$218,862
  • Panama City$297,826
  • 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: 5 ZIPs; Florida: 923 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 148 homes for sale in 32401, with 36 new listings added recently. The median list price sits at $249,950, while the typical home value is $218,862, flat at 0.0% over the past year. With a median of 69 days on market, homes here are not moving quickly. About 27.3% of listings have taken a price cut. For a seller, this points to a market where pricing carefully from the start matters more than expecting a fast sale.

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