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 20 2026
This week the median list price for Panama City, FL 32408 is $675,000 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has decreased to 73. Click here to stay informed with the Panama City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Panama City, FL 32408

Sun Sep 20 2026
This week the median list price for Panama City, FL 32408 is $675,000 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has decreased to 73. Click here to stay informed with the Panama City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Panama City market.
Median List Price $675,000
Median Price of New Listings $376,000
Per Square Foot $336
Average Days on Market 200
Median Days on Market 126
Price Decreased 52%
Price Increased 0%
Relisted 8%
Inventory 73
Median Rent
Market Action 28
Slight Buyer's Advantage

Despite this week’s down tick, the price trend in this zip code remains upward for the last few weeks. We’re within sight of the market peak, and we’ll assume this week’s change is just randomness unless we see a persistent downward push of the Market Action Index into the Buyer’s zone.

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
$1,730,000 2,717 4,500 - 6,500 sqft 4 4 16 0 0 168
$897,000 2,284 4,500 - 6,500 sqft 4 3 21 0 1 112
$568,999 2,090 4,500 - 6,500 sqft 3 2.5 30 0 0 157
$362,000 1,321 6,500 - 8,000 sqft 3 2 28 3 1 87