Don and Bubba's Market Report
Panama City, FL 32408
Single-Family Homes
https://donandbubba.com / DonandBubba@gmail.com / 850.624.8433
Panama City, FL 32408
Sun Sep 27 2026
This week the median list price for Panama City, FL 32408 is $679,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 69.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $679,000 | |
| Median Price of New Listings | $794,499 | |
| Per Square Foot | $336 | |
| Average Days on Market | 213 | |
| Median Days on Market | 133 | |
| Price Decreased | 54% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 69 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark and have had an upward price trend over the last few weeks. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,690,000 | 2,794 | 4,500 - 6,500 sqft | 5 | 4 | 14 | 0 | 3 | 178 |
| $849,999 | 2,095 | 4,500 - 6,500 sqft | 4 | 3 | 21 | 2 | 0 | 98 |
| $574,900 | 2,110 | 4,500 - 6,500 sqft | 3 | 2.5 | 27 | 0 | 0 | 182 |
| $355,000 | 1,359 | 4,500 - 6,500 sqft | 3 | 2 | 33 | 0 | 3 | 112 |