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
Wed May 20 2026
This week the median list price for Panama City, FL 32408 is $629,900 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 89.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $629,900 | |
| Median Price of New Listings | $645,000 | |
| Per Square Foot | $309 | |
| Average Days on Market | 188 | |
| Median Days on Market | 91 | |
| Price Decreased | 44% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 89 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,425,000 | 2,760 | 6,500 - 8,000 sqft | 4 | 4 | 16 | 1 | 4 | 91 |
| $711,950 | 2,435 | 6,500 - 8,000 sqft | 3 | 2.5 | 26 | 3 | 1 | 101 |
| $549,950 | 2,147 | 6,500 - 8,000 sqft | 3 | 2.5 | 29 | 1 | 2 | 143 |
| $379,500 | 1,290 | 4,500 - 6,500 sqft | 3 | 2 | 26 | 2 | 3 | 49 |