Market Intelligence · FL / Panama City

Panama City, FL 32405 Housing Market

The typical home in Panama City's 32405 ZIP costs $297,826, up 0.9% over the past year. The median list price is $365,248, with homes staying on the market for 59 days on average.

Updated June 2026Median value$298K

The median home value in Panama City, FL 32405 is $298K as of June 2026, up 0.9% 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 32405 range

$274K to $322K

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

+0.9% over 12 months

Typical home value in 32405 over the last 12 months: $295K in Jun 2025 to $298K in Jun 2026 (+0.9%).

Jun 2025$295K

Jun 2026$298K

The numbers

What is the 32405 housing market like?

Typical home value

$298K

Up0.9%YoY

Median list price

$365K

Days on market

59

Down11.9%MoM

Homes for sale

195

Price cuts

34.6%

New listings

48

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

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The comparison

How do 32405 home prices compare?

  • 32405$297,826
  • 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 32405 has 195 homes for sale, with 48 new listings as of early June. The median list price sits at $365,248, while the typical home value is $297,826. Homes are spending 59 days on market before selling. One-third of listings are carrying price cuts, which suggests sellers are adjusting expectations in a market that is moving at a moderate pace. If you're considering selling, expect a longer negotiation period and plan accordingly.

Monthly payment

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20% · $59,565

Human help

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Primary seat

Kinsey Haddock

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