Market Intelligence · FL / Panama City

Panama City, FL 32404 Housing Market

The typical home in Panama City, FL 32404 is worth $283,143 as of September 2026, up 0.8% over the past year. The median list price is $320,000, and homes are spending a median of 88 days on market.

Updated September 2026Median value$283K

The median home value in Panama City, FL 32404 is $283K as of September 2026, up 0.8% 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.

Human help

Licensed pros in 32404.

Kinsey Haddock

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Kinsey Haddock

Lic #BK3253849 FL

Whether you're interested in buying or selling a home, there is no bigger decision than choosing the right person who will represent you during the transaction. A qualified, competent agent makes all the difference by helping you navigate the many decisions that arise when buying or selling a home. You need someone who has the experience, expertise and drive to help you find the right fit for you. Kinsey Haddock is here for you! We're dedicated to delivering outstanding service, and results.

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Typical 32404 range

$260K to $306K

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

+0.8% over 12 months

Typical home value in 32404 over the last 12 months: $281K in Sep 2025 to $283K in Sep 2026 (+0.8%).

Sep 2025$281K

Sep 2026$283K

The numbers

What is the 32404 housing market like?

Typical home value

$283K

Up0.8%YoY

Median list price

$320K

Flat0.0%MoM

Days on market

88

Up20.5%MoM

Homes for sale

360

Down3.5%MoM

Price cuts

19.0%

Down2.3%MoM

New listings

80

Down16.7%MoM

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

The outlook

32404 housing market forecast 2027

-0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32404 to stay roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in 32404 rose 0.8%, per the Zillow Home Value Index.

Will home prices drop in 32404?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 32404 to stay roughly flat by September 2027 (down 0.2%), after a 0.8% rise 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 32404 home prices compare?

  • 32404$283,143
  • Panama City$288,952
  • 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: 5 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

There were 360 homes for sale in September 2026, with 80 new listings coming on that month. Sellers are asking a median of $320,000, while the typical home value sits at $283,143. The market is moving slowly, with a median of 88 days on market. About 19.0% of listings had a price cut. For a seller, patience and realistic pricing matter more than testing the high end.

Monthly payment

Estimate your monthly payment.

20% · $56,629

Common questions

What people ask us.

How much is a home in 32404 worth?

The typical home value in 32404 is $283,143 as of September 2026, up 0.8% over the past year.

How long do homes take to sell in 32404?

The median days on market is 88 as of September 2026.

How many homes are for sale in 32404?

There are 360 homes for sale as of September 2026, including 80 new listings.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.