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
Sat May 31 2025
This week the median list price for Panama City, FL 32408 is $557,450 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 104.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
In a Buyer’s market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $557,450 | |
| Median Price of New Listings | $672,500 | |
| Per Square Foot | $320 | |
| Average Days on Market | 166 | |
| Median Days on Market | 98 | |
| Price Decreased | 55% | |
| Price Increased | 2% | |
| Relisted | 9% | |
| Inventory | 104 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,297,000 | 2,828 | 6,500 - 8,000 sqft | 4 | 3.5 | 19 | 1 | 1 | 112 |
| $683,000 | 2,371 | 4,500 - 6,500 sqft | 4 | 2.8 | 16 | 2 | 1 | 98 |
| $497,750 | 1,948 | 4,500 - 6,500 sqft | 3 | 2 | 29 | 1 | 1 | 73 |
| $372,000 | 1,319 | 4,500 - 6,500 sqft | 3 | 2 | 39 | 0 | 3 | 147 |