Market Intelligence · FL / Panama City

Panama City, FL 32404 Housing Market

A typical home in Panama City, FL 32404 is valued at $288,494, up 0.6% over the past year. The median list price sits at $319,248, with homes spending a median of 69 days on market.

Updated June 2026Median value$288K

The median home value in Panama City, FL 32404 is $288K as of June 2026, up 0.6% 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.

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Typical 32404 range

$265K to $312K

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

+0.6% over 12 months

Typical home value in 32404 over the last 12 months: $287K in Jun 2025 to $288K in Jun 2026 (+0.6%).

Jun 2025$287K

Jun 2026$288K

The numbers

What is the 32404 housing market like?

Typical home value

$288K

Up0.6%YoY

Median list price

$319K

Days on market

69

Down2.8%MoM

Homes for sale

387

Price cuts

20.2%

New listings

162

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

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The comparison

How do 32404 home prices compare?

  • 32404$288,494
  • 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

Panama City's 32404 ZIP currently has 387 homes for sale with 162 new listings as of early June 2026. The median days on market of 69 suggests a moderate pace of sales activity. One concern for sellers is that 20.2% of listings have seen a price cut, indicating some softness in buyer demand. While the typical home value has ticked up modestly year over year, the combination of inventory levels and price reductions suggests you should be realistic about pricing if you decide to list.

Monthly payment

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20% · $57,699

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