Market Intelligence · FL / Panama City

Panama City, FL 32408 Housing Market

The typical home value in Panama City's 32408 ZIP code is $371,472, down 3.8% over the past year. The median list price sits at $412,900, and homes are taking a median of 97 days on the market. Sellers here are working through a slower stretch.

Updated June 2026Median value$371K

The median home value in Panama City, FL 32408 is $371K as of June 2026, down 3.8% 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.

Get a cash offer

Sell without the wait

Sell your Panama City home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 32408 range

$342K to $401K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 32408 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Panama City, FL.

12-month value trend

-3.8% over 12 months

Typical home value in 32408 over the last 12 months: $386K in Jun 2025 to $371K in Jun 2026 (-3.8%).

Jun 2025$386K

Jun 2026$371K

The numbers

What is the 32408 housing market like?

Typical home value

$371K

Down3.8%YoY

Median list price

$413K

Days on market

97

Up14.1%MoM

Homes for sale

723

Price cuts

20.1%

New listings

132

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

Free home value report

See what your 32408 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 32408 home prices compare?

  • 32408$371,472
  • 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 723 homes for sale in 32408, with 132 new listings added. The median list price is $412,900, while the typical home value is $371,472, down 3.8% over the past year. With a median of 97 days on market and 20.1% of listings showing a price cut, the pace is unhurried. If you are thinking about selling, expect the process to take time and plan to price realistically from the start.

Monthly payment

Estimate your monthly payment.

20% · $74,294

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.